Amanah Insurance (8310) stock price reaches our price target – today's outlook – 30-08-2026

The stock of Amanah Cooperative Insurance Company (8310) rose slightly in its recent intraday trading, reaching a resistance level of 8.50 SAR with this increase—this resistance had been a price target in our previous analyses—accompanied by a large surge in trading volume. However, it quickly retraced lower as the resistance held, erasing much of its early gains during the session, amid the dominance of an upward corrective trend in the short term, with movements aligned along a trendline supporting this path, while the positive pressure from trading above its 50‑day simple moving average persisted, and we also observe recurring positive signals from the Relative Strength Index.

Therefore, our outlook points to a rise in the stock price in upcoming trading, provided the support level at 7.25 SAR holds, targeting the pivotal resistance level at 9.25 SAR.

The price of Yanbu Cement (3060) rose in its recent intraday trading, amid a short‑term bullish technical setup—a descending wedge—combined with recurring positive RSI signals, allowing the stock to break above its 50‑day simple moving average resistance, thereby shedding its negative pressure and paving the way for extending those gains in the near term.

The stock of Middle East Healthcare Company (4009) advanced in its latest intraday trading, accompanied by a noticeable increase in volume, a clear sign of new positive momentum that could drive the stock to extend its gains in the short term, especially as it trades above its 50‑day simple moving average, providing a dynamic support base that reinforces the dominance of an upward corrective wave in the short run, further supported by recurring positive RSI signals.

The price of Saudi Kayan Petrochemical Company (2350) boosted its gains in recent intraday trading, benefiting from continuous dynamic support as it trades above its 50‑day simple moving average, which strengthens the stability and dominance of the short‑term uptrend, especially with movements aligned along a supporting trendline; additionally, we observe recurring positive RSI signals.