Buy Al-Omran Industrial Trading | Tadawul 4141 | 7-8% gain | Saudi stock trading signal on 18 Mar 2024

Stock Market

Tadawul, Saudi Arabia

Stoploss reached. Trade closed.

ALOMRAN 4141

4 days
26 Mar 2024
18 Mar 2024
Loss per
100,000 SAR
4 days
-2,222
Stop-loss
26 Mar 2024
44
Buy Advice
18 Mar 2024
45 – 46
Target 1
49
Target 2
49.5
Profit per
100,000 SAR
-2,222
44
45 – 46
49
49.5
4 days
26 Mar 2024
18 Mar 2024
Loss per
100,000 SAR
4 days
-2,222
Stop-loss
26 Mar 2024
44
Buy Advice
18 Mar 2024
45 – 46
Target 1
49
Target 2
49.5
Profit per
100,000 SAR
-2,222
44
45 – 46
49
49.5
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Al-Omran Industrial Trading
  • 45 – 46
  • 49 – 49.5
  • Below 44
  • 7% - 8%
  • 12 - 14 Days
  • Buy Al-Omran Industrial Trading
  • Buy
    Range
    45 – 46
  • Target 49 – 49.5
  • Stoploss Below 44
  • Upside
    Potential
    7% - 8%
  • 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 4141 : Al-Omran Industrial Trading - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 4141
  • Alomran
  • Capital Goods
  • 49.91
  • 31
  • Tadawul code 4141
  • Stock Name Alomran
  • Sector Capital Goods
  • 52 Weeks High 49.91
  • 52 Weeks Low 31
  • Company profile

    Al Omran industrial and treading is a Saudi based company. It produces electrical appliances for the house, plastic, paper and cartons, wholesale and retail electrical products, purchasing and renting land. The company engages in the manufacture of a range of products like Storage and Warehouse Systems, Coolers, Coolers Flask, Washers Ordinary Basin, Air Conditioner Aspelet Unix and many more things.

  • Tadawul 4141 : Al-Omran Industrial Trading vs TASI - Relative Strength Comparison

    The image highlights Al-Omran Industrial Trading's performance over the last year versus TASI.
    Relative Performance - Last 1 Year
    ALOMRAN —   TASI —

  • Tadawul 4141 : Al-Omran Industrial Trading - Technical Analysis (Daily)

    Al-Omran Industrial Trading - Technical Analysis chart on Daily Price and Volume
    Al-Omran Industrial Trading - Technical Analysis chart on Daily Price and Volume

    • After a sharp downfall, price took support at 31 level and started moving upside from there.
    • Volume was completely dried out during this downfall journey
    • A sharp move has been seen as the price had gone in a oversold zone.
    • At near of around 47 level, price has consolidated for a while.
    • A strong bullish candle has formed last day with impressive volume near the breakout level.
    • If the price break through the resistance level then we will be witnessing the price to reach at higher levels.
  • Tadawul 4141 : Al-Omran Industrial Trading - RSI Indicator

    Al-Omran Industrial Trading stock analysis based on RSI indicator
    Al-Omran Industrial Trading stock analysis based on RSI indicator

    • Current RSI of this stock is 61.08, which indicates the strength of buyers.

  • Tadawul 4141 : Al-Omran Industrial Trading - MACD Indicator

    Al-Omran Industrial Trading stock analysis based on MACD indicator
    Al-Omran Industrial Trading - MACD indicator

    • 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.

  • Conclusion - Tadawul 4141 : Al-Omran Industrial Trading Stock Price Forcast

    Based on our Saudi stock trading ideas, Al-Omran Industrial Trading stock price target will be SAR 49 - SAR 49.5 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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