Buy EMAAR EC | Tadawul 4220 | 8-10% gain | KSA stock trading signal on 10 Dec 2024

Stock Market

Tadawul, Saudi Arabia

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • EMAAR EC
  • 8.1 - 8.3
  • 9 - 9.1
  • Below 7.75
  • 8% - 10%
  • 12-14 Days
  • Buy EMAAR EC
  • Buy
    Range
    8.1 - 8.3
  • Target 9 - 9.1
  • Stoploss Below 7.75
  • Upside
    Potential
    8% - 10%
  • 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 4220 : EMAAR EC - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 4220
  • EMAAR EC
  • Real Estate
  • 9.53
  • 6.23
  • Tadawul code 4220
  • Stock Name EMAAR EC
  • Sector Real Estate
  • 52 Weeks High 9.53
  • 52 Weeks Low 6.23
  • Company profile

    Emaar The Economic City is actively involved in the real estate development sector within various economic zones across Saudi Arabia. The company focuses primarily on the King Abdullah Economic City, where it undertakes a range of projects. Its activities include building infrastructure, marketing and selling land in development areas, leasing land, and constructing residential and commercial properties for other entities. Additionally, Emaar The Economic City manages the sale and lease of land and units for both residential and commercial use. The company also operates educational institutions, hotels, resorts, and leisure clubs, along with providing utilities and city management services. Established in 2006, Emaar The Economic City is headquartered in King Abdullah Economic City, Saudi Arabia.

  • Tadawul 4220 : EMAAR EC vs TASI - Relative Strength Comparison

    The image compares EMAAR EC's 1-year performance to TASI.
    Relative Performance - Last 1 Year
    EMAAR EC —   TASI —

  • Tadawul 4220 : EMAAR EC - Technical Analysis (Daily)

    EMAAR EC - Technical Analysis chart on Daily Price and Volume
    EMAAR EC - Technical Analysis chart on Daily Price and Volume

    • The stock underwent a considerable decline before discovering support near the 6 level.
    • Following a robust recovery, the price ascended to the 9.5 level, only to encounter a substantial rejection once more.
    • Consequently, the stock price retraced and descended to its trendline support.
    • Currently, a strong bullish candle at this support level indicates potential signs of a reversal.
  • Tadawul 4220 : EMAAR EC - RSI Indicator

    EMAAR EC stock analysis based on RSI indicator
    EMAAR EC - RSI Indicator

    • Current RSI of this stock is 60.93, which indicates the strength of buyers.

  • Tadawul 4220 : EMAAR EC - ADX & DI Indicator

    EMAAR EC stock analysis based on ADX & DI indicator
    EMAAR EC - 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 4220 : EMAAR EC - MACD Indicator

    EMAAR EC stock analysis based on MACD Indicator
    EMAAR EC - MACD Indicator

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

  • Conclusion - Tadawul 4220 : EMAAR EC Stock Price Forcast

    Based on our swing trade signals for Tadawul, EMAAR EC stock price target will be SAR 9 - SAR 9.1 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.

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