Buy Al-Jouf Agricultural Development | Tadawul 6070 | 7-9% gain | Saudi stock trading picks on 1 Jul 2024

Stock Market

Tadawul, Saudi Arabia

Target hit. Trade closed.

ALJOUF 6070

1 Jul 2024
4 Jul 2024
4 Jul 2024
4 days
Loss per
100,000 SAR
Stop-loss
64
Buy Advice
1 Jul 2024
67 – 69
Target 1
4 Jul 2024
74
Target 2
4 Jul 2024
75
Profit per
100,000 SAR
4 days
9,630
64
67 – 69
74
75
9,630
1 Jul 2024
4 Jul 2024
4 Jul 2024
4 days
Loss per
100,000 SAR
Stop-loss
64
Buy Advice
1 Jul 2024
67 – 69
Target 1
4 Jul 2024
74
Target 2
4 Jul 2024
75
Profit per
100,000 SAR
4 days
9,630
64
67 – 69
74
75
9,630
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Al-Jouf Agricultural Development
  • 67 – 69
  • 74 – 75
  • Below 64
  • 7% - 9%
  • 12 - 14 Days
  • Buy Al-Jouf Agricultural Development
  • Buy
    Range
    67 – 69
  • Target 74 – 75
  • Stoploss Below 64
  • Upside
    Potential
    7% - 9%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Tadawul 6070 : Al-Jouf Agricultural Development - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 6070
  • Aljouf
  • Food & Beverages
  • 70.2
  • 42.45
  • Tadawul code 6070
  • Stock Name Aljouf
  • Sector Food & Beverages
  • 52 Weeks High 70.2
  • 52 Weeks Low 42.45
  • Company profile

    Al-Jouf Agricultural Development Co. is involved in the cultivation, distribution, and promotion of various types of animal and agricultural products within the Kingdom of Saudi Arabia. The product portfolio includes sweet potatoes, dates, olive oil, and honey. Furthermore, the company actively partakes in both palm and olive farming, alongside dedicated beekeeping endeavors. The headquarters of Al-Jouf Agricultural Development Co. are situated in Sakakah, Kingdom of Saudi Arabia.

  • Tadawul 6070 : Al-Jouf Agricultural Development vs TASI - Relative Strength Comparison

    The image showcases Aljouf's 1-year performance relative to TASI.
    Relative Performance - Last 1 Year
    ALJOUF —   TASI —

  • Tadawul 6070 : Al-Jouf Agricultural Development - Technical Analysis (Daily)

    Al-Jouf - Technical Analysis chart on Daily Price and Volume
    Al-Jouf - Technical Analysis chart on Daily Price and Volume

    • Following an extended period of consolidation, the stock has formed a Rounding Bottom pattern.
    • The price broke out of this pattern, reaching a record high of 84.3 before retracing to the breakout point.
    • At present, the price is attempting to maintain its upward trajectory, targeting higher levels.
  • Tadawul 6070 : Al-Jouf Agricultural Development - RSI Indicator

    Al-Jouf stock analysis based on RSI indicator
    Al-Jouf - RSI indicator

    • Current RSI of this stock is 65.98, which indicates the strength of buyers.

  • Tadawul 6070 : Al-Jouf Agricultural Development - ADX & DI Indicator

    Al-Jouf stock analysis based on ADX & DI indicator
    Al-Jouf - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Tadawul 6070 : Al-Jouf Agricultural Development - MACD Indicator

    Al-Jouf stock analysis based on MACD indicator
    Al-Jouf - MACD indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

  • Conclusion - Tadawul 6070 : Al-Jouf Agricultural Development Stock Price Forcast

    Based on our saudi stocks trading signals, Al-Jouf Agricultural Development stock price target will be SAR 74 - SAR 75 in the next 12-14 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

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