- research@naranjcapital.com
- 🇸🇦 Saudi Stock Market
- 🇺🇸 USA Stock Market
The National Shipping Company of Saudi Arabia, founded in 1978, operates vessels for cargo transportation in the Kingdom of Saudi Arabia. It operates in four segments: Oil, Chemicals, Logistics, and Dry Bulk. The company provides technical ship management and logistics services, agency activities for maritime shipping companies, cargo clearance, and other marine transport activities. As of December 31, 2023, the company’s fleet consisted of 88 owned vessels and 10 under lease contract vessels, including 38 large crude-oil carriers, 36 tankers in the spot market, 6 tankers under charter agreements, 6 RoCon vessels for logistics, and 11 vessels for dry bulk transportation.
BAHRI —  TASI —
Current RSI of this stock is 60.81, which indicates the strength of buyers.
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.
The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
Based on our stock selection for KSA Tadawul, National Shipping Company of Saudi Arabia stock price target will be SAR 30.3 - SAR 30.5 in the next 12-14 trading sessions.
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.
If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website
