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UCI's share tests key support levels
Since the beginning of August, United Carton Industries (UCI) shares have been under selling pressure. Currently, the stock is testing a key support level around 25.34 SAR and 24.81 SAR, which are gap levels that have not yet been closed. The stock shows positive technical signals, such as forming a hammer candlestick, along with an attempt to stabilize above the 25.56 SAR level to confirm a potential rebound, targeting price levels up to approximately 26.55 SAR, provided that this occurs with strong trading volumes. On the other hand, the 24.78 SAR level is a critical support. If breached, the decline could intensify, leading the stock to fall toward new lows, and the current recovery wave, which began after the lowest point at 22.55 SAR in March 2026, may weaken.
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