Buy Development Works Food | Tadawul 6013 | 9-11% gain | Saudi stock trading idea on 18 Mar 2024

Stock Market

Tadawul, Saudi Arabia

Stoploss reached. Trade closed.

6 days
27 Mar 2024
18 Mar 2024
Loss per
100,000 SAR
6 days
-4,667
Stop-loss
27 Mar 2024
143
Buy Advice
18 Mar 2024
150 – 153
Target 1
167
Target 2
170
Profit per
100,000 SAR
-4,667
143
150 – 153
167
170
6 days
27 Mar 2024
18 Mar 2024
Loss per
100,000 SAR
6 days
-4,667
Stop-loss
27 Mar 2024
143
Buy Advice
18 Mar 2024
150 – 153
Target 1
167
Target 2
170
Profit per
100,000 SAR
-4,667
143
150 – 153
167
170
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Development Works Food
  • 150 – 153
  • 167 – 170
  • Below 143
  • 9% - 11%
  • 14 - 15 Days
  • Buy Development Works Food
  • Buy
    Range
    150 – 153
  • Target 167 – 170
  • Stoploss Below 143
  • Upside
    Potential
    9% - 11%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Tadawul 6013 : Development Works Food - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 6013
  • DWF
  • Consumer Services
  • 172.6
  • 91.8
  • Tadawul code 6013
  • Stock Name DWF
  • Sector Consumer Services
  • 52 Weeks High 172.6
  • 52 Weeks Low 91.8
  • Company profile

    Development Works Food Company engages in the food and beverages industries. This company also is engaged establishment and operation of the cold storages, the chain of restaurants and cafes. They export and import of services, the cooked and uncooked foods, materials, equipment needed in the field. this company is headquartered in Riyadh, Saudi Arabia.

  • Tadawul 6013 : Development Works Food vs TASI - Relative Strength Comparison

    The image compares Development Works Food's 1-year performance to TASI.
    Relative Performance - Last 1 Year
    DWF —   TASI —

  • Tadawul 6013 : Development Works Food - Technical Analysis (Daily)

    Development Works Food - Technical Analysis chart on Daily Price and Volume
    Development Works Food - Technical Analysis chart on Daily Price and Volume

    • After a downfall, price took support at 92 level and bounced back from there.
    • With a sharp rally, price reached to 153 level in just few days.
    • From there, price made a correction and consolidated for a while.
    • A Symmetrical Triangle pattern has been formed at the chart.
    • After the breakout, price came back and retest the resistance level and going upwards slowly.
    • Volume has been very high these days.
    • We can expect further upside rally from the current level.
  • Tadawul 6013 : Development Works Food - RSI Indicator

    Development Works Food stock analysis based on RSI indicator
    Development Works Food - RSI indicator

    • Current RSI of this stock is 66.19, which indicates the strength of buyers.

  • Tadawul 6013 : Development Works Food - ADX & DI Indicator

    Development Works Food stock analysis based on ADX & DI indicator
    Development Works Food - 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 6013 : Development Works Food - EMA Crossover

    Development Works Food stock analysis based on EMA Crossover
    Development Works Food - EMA Crossover

    • The short length moving average (10 SMA) is about to cross the long length moving average (20 SMA) 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.

  • Conclusion - Tadawul 6013 : Development Works Food Stock Price Forcast

    Based on our trading tips for Saudi Tadawul, Development Works Food stock price target will be SAR 167 - SAR 170 in the next 14-15 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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