Riyadh Steel (9588.SR) Technical Analysis
As of 2026-07-22, 9588.SR last traded at 1.32 SAR (+0.76% on the day) and is in a downtrend on the daily timeframe — price below falling 50-DMA, 50-DMA below 200-DMA. Nearest levels: 1.3 SAR support below, 1.43 SAR resistance above. 14-day RSI is 22.2 (oversold).
Last updated 2026-07-22 · Source: FMP end-of-day prices (adjusted); indicators computed by SniperIQ
Is 9588.SR in an uptrend or downtrend?
Riyadh Steel is in a downtrend — price below falling 50-DMA, 50-DMA below 200-DMA.
| Last close | 1.32 SAR (+0.76%) |
|---|---|
| 20-day average | 1.401 SAR |
| 50-day average | 1.439 SAR |
| 200-day average | 1.59 SAR |
Key support and resistance levels for 9588.SR
Derived from swing pivots over the last 200 sessions:
| Level | Type | Strength | Touches |
|---|---|---|---|
| 1.43 SAR | Resistance | Strong | 4 |
| 1.49 SAR | Resistance | Moderate | 2 |
| 1.53 SAR | Resistance | Minor | 1 |
| Level | Type | Strength | Touches |
|---|---|---|---|
| 1.3 SAR | Support | Minor | 1 |
| 1.28 SAR | Support | Minor | 1 |
| 1.26 SAR | Support | Minor | 1 |
9588.SR 52-week range, momentum and volatility
| 52-week high | 2.03 SAR (35% below) |
|---|---|
| 52-week low | 1.26 SAR (4.8% above) |
| 14-day RSI | 22.2 (Oversold) |
| 14-day ATR | 0.027 SAR (2.06% of price, Moderate volatility) |
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Frequently asked questions
Is Riyadh Steel (9588.SR) in an uptrend or downtrend?
As of 2026-07-22, 9588.SR is in a downtrend on the daily timeframe — price below falling 50-DMA, 50-DMA below 200-DMA. Last close 1.32 SAR vs 50-day average 1.439 SAR and 200-day average 1.59 SAR.
What are the key support and resistance levels for 9588.SR?
Nearest support is around 1.3 SAR (minor, 1 touch). Nearest resistance is around 1.43 SAR (strong). Levels are derived from swing pivots over the last ~200 sessions.
What is 9588.SR's 52-week high and low?
Over the last 52 weeks, 9588.SR traded between 1.26 SAR and 2.03 SAR. It is currently 35.0% below its 52-week high.
Is 9588.SR overbought or oversold?
The 14-day RSI is 22.2 — in oversold territory (<30). Momentum reads as oversold.
How volatile is 9588.SR?
Its 14-day Average True Range is 0.027 (2.06% of price) — moderate volatility relative to price.