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Saudi Electricity Co. involves in the generation and distribution of electricity power. It provides, and transmits electricity power, either by itself or through its subsidiaries to the Kingdom of Saudi Arabia. The company was founded on April 5, 2000 and is headquartered in Riyadh, Saudi Arabia.
SAUDI ELECTRICITY — TASI —
Current RSI of this stock is 66.75, which indicates the strength of buyer
MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.
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.
Based on our trading tips for Saudi Tadawul stocks, Saudi Electricity stock price target will be SAR 21.2 - SAR 21.5 in the next 14-16 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
