20 Hrs
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Eastern Pipes Shares Seek Stabilization
The share of Arabian Pipe Industries showed an attempt to stabilize above the 9-day Exponential Moving Average (EMA) after a previous decline. Technical indicators indicate that buying forces are beginning to regain control, and the positive trend line (+DI) is moving upward. The stock is currently trading around 175.70 SAR, with price targets reaching 180.05 SAR and 185.05 SAR if support remains above the moving averages. The 188.00 SAR level is considered a key resistance area, and any decline below 168.50 SAR is a signal of ongoing correction. The stock saw a rise from 128 SAR to 231 SAR in 2026 before entering a phase of technical correction.
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