Shaker Group stock hits 52-week low as technical indicators signal oversold conditions

SHAKER
1214 -1.69% 12.78 -0.22

Riyadh – Mubasher: Al Hassan Ghazi Ibrahim Shaker Company (Shaker Group) was trading at a 52-week low of SAR 12.89 during the 22 July 2026 session, representing a 0.85% decline.

The technology sector stock is currently positioned below its major moving averages, with the 20-day Simple Moving Average (SMA) at SAR 13.5, the 50-day SMA at SAR 14.16, and the 200-day SMA at SAR 17.35.

Technical momentum indicators show the Relative Strength Index (RSI) at 27.3, suggesting the equity is in oversold territory.

The Moving Average Convergence Divergence (MACD) is recorded at -0.356, while an Average Directional Index (ADX) of 41.15 indicates a strong trend strength.

The price action follows the company’s recent disclosure of interim financial results for the three-month period ended on 31 March 2026.

The company also recently announced the results of its Ordinary General Assembly Meeting.

Source: Mubasher Source: {{details.article.source}}