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R
Al Rajhi Bank
1120.SR
Stocks Market Closed Shariah Compliant
66.30
+0.76% Updated 9 minutes ago
AI ANALYST BRIEF
Lean Bearish

Banking stock slips as technicals signal oversold recovery vulnerable

At 66.3, the stock gained 0.76% on the week but sits 2.54% below its 50-day moving average, indicating structural weakness beneath surface recoveries. RSI at 35.9 signals oversold conditions that may permit a bounce, though the 14-period ATR of 0.82 suggests limited volatility cushion; any rebound faces resistance near 67.1.

Correlation data reveals moderate coupling with Saudi National Bank (0.56) and inverse relationship with WTI crude (−0.31), linking performance to both domestic banking sentiment and energy price cycles. The broader Saudi financial sector shows mixed momentum, limiting tailwinds for isolated strength in this name.

Watch immediate support at 65.5 and resistance at 67.0–67.5. Volume divergence pattern carries 29% confidence and bearish lean, requiring confirmation on sustained daily closes below 66.0. Absence of near-term catalysts leaves technicals as primary guides; a break below 65 would target 63.5.

Price · Candlestick

Key Levels

Resistance · current · support
66.70 Prev week high 70%
67.00 Round figure 40%
67.31 Fib 78.6% 50%
68.03 50-day moving average 60%
66.30 Current price ·
66.05 24h low 55%
65.80 Prev month low 85%

Pattern Read

Rule-based · last 60 sessions
Volume divergence 29% confidence
Down sessions are trading on heavier volume than up sessions — distribution signal.

Correlations Today

Cross-asset · 30-day daily-return Pearson · refreshes every 4 hours
1180.SR
+0.56
2082.SR
+0.33
NZDJPY
+0.33
WTI
-0.31
7010.SR
+0.29

Statistical Snapshot

RSI (14d)
35.90
Neutral, leaning weak
ATR (14d)
0.82
Average true range (14d)
Realized vol (20d)
12.13%
Below average
50-day MA dist
-2.54%
Trading below 50-day MA
Weekly change
0.76%
Change over last 5 sessions
Monthly change
-0.30%
Change over last 20 sessions

Catalysts · Next 7 Days

High + medium impact events
No major catalysts identified in the next 7 days.

Smart Suggestions

From cross-asset correlations
No strong cross-asset relationships in the current 30-session window — trade this instrument on its own merits.
24h High
66.70
24h Low
66.05
24h Change
+0.76%
24h Volume
$357.5M
Quote Details Last update: 2026-05-16T06:48:23+00:00
Bid
66.30
Ask
66.30
Spread
0.0066
Trades 24h
24h Open
66.20
Volume (base)
5.39M@elseif($v >= 1e3)5,391.9K@else5,391,944.00
Mid
66.30
Provider Symbol
1120:Tadawul
Spread shown is an indicative inter-bank reference — actual broker spreads vary by venue and account type.
Instrument Specs
Symbol1120.SR
Base / Quote / SAR
Contract Size
Tick Size0.01
Pip Value (USD)$0.1000
Trading Hours
Sentiment · 24h via Fiper Terminal
1120.SR Sentiment unavailable in last 48h
Sentiment derived from news articles over the last 24 hours.
News · 1120.SR 0 articles · last 7 days
No news coverage for 1120.SR in the last 7 days.
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