Continuous selling pressure on “Mepco” stock despite recovery attempts.

Technical movement of the Middle East Paper Company “Mepco” stock indicates a clear weakness in buying momentum, as the stock has begun forming lower highs and lower lows, closing below a short-term ascending trend line, reflecting increased selling pressure in recent period.

The stock settled below both short-term and long-term moving averages, which act as dynamic resistance for the price, and is trading near critical support ranges around 16.79 riyals, making current movements highly significant from a technical perspective.

Stability below this level is a negative signal that could push the stock toward further declines targeting 16.30 – 16.00 riyals, and if this area is breached, the downtrend may extend to the next support level at 15.70 riyals.

If prices stabilize above the 17.30 riyal level, we may see short-term rebound attempts without a clear change in the overall trend.

Price Movement Summary:

Mepco stock experienced sharp declines during the first quarter of 2026, before recently rebounding from the 15.70 riyal level, attempting to form a price base that could pave the way for a gradual recovery from previous selling pressures.

However, this rebound came within a corrective movement, with weakness observed in price behavior as the stock began forming lower highs and lower lows, reflecting continued weakness in buying momentum. The overall trend remains bearish in the absence of clear technical signals indicating a trend reversal.

Important Note: This analysis is based solely on technical analysis tools and principles, and reflects a purely analytical view that may differ depending on methods of reading and assessment. What is mentioned in this report is not a direct recommendation to buy or sell or an invitation to make any investment decisions, but rather for monitoring and study purposes. Investment decisions are the full responsibility of the investor based on his financial situation and personal objectives.