Buy AlSaif Stores for Development and Investment | Tadawul 4192 | 6-8% gain | KSA stock trading signal on 23 Apr 2024

Stock Market

Tadawul, Saudi Arabia

Stoploss reached. Trade closed.

ALSAIF GALLERY 4192

19 days
20 May 2024
23 Apr 2024
Loss per
100,000 SAR
19 days
-4,386
Stop-loss
20 May 2024
10.9
Buy Advice
23 Apr 2024
11.4 – 11.8
Target 1
12.5
Target 2
12.7
Profit per
100,000 SAR
-4,386
10.9
11.4 – 11.8
12.5
12.7
19 days
20 May 2024
23 Apr 2024
Loss per
100,000 SAR
19 days
-4,386
Stop-loss
20 May 2024
10.9
Buy Advice
23 Apr 2024
11.4 – 11.8
Target 1
12.5
Target 2
12.7
Profit per
100,000 SAR
-4,386
10.9
11.4 – 11.8
12.5
12.7
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • AlSaif Stores for Development and Investment
  • 11.4 – 11.8
  • 12.5 – 12.7
  • Below 10.9
  • 6% - 8%
  • 8 - 10 Days
  • Buy AlSaif Stores for Development and Investment
  • Buy
    Range
    11.4 – 11.8
  • Target 12.5 – 12.7
  • Stoploss Below 10.9
  • Upside
    Potential
    6% - 8%
  • Trade
    Duration
    8 - 10 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Tadawul 4192 : AlSaif Stores for Development and Investment - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 4192
  • Alsaif Gallery
  • Consumer Discretionary Distribution & Retail
  • 12
  • 7.43
  • Tadawul code 4192
  • Stock Name Alsaif Gallery
  • Sector Consumer Discretionary Distribution & Retail
  • 52 Weeks High 12
  • 52 Weeks Low 7.43
  • Company profile

    AlSaif Stores for Development Company is a Saudi Arabian company primarily engaged in the development and management of commercial properties, particularly shopping centers and retail spaces. It operates under the umbrella of the AlSaif Group, a diversified conglomerate with interests in various sectors including real estate, construction, hospitality, and retail. The company focuses on creating modern and attractive retail destinations that cater to the needs of consumers and businesses alike. By developing innovative and sustainable properties, the company aims to contribute to the growth and development of the retail sector in Saudi Arabia and beyond. The company was founded in 1993 and is headquartered in Al Taawun, Saudi Arabia.

  • Tadawul 4192 : AlSaif Stores for Development and Investment vs TASI - Relative Strength Comparison

    The image compares Alsaif Gallery's 1-year performance to TASI.
    Relative Performance - Last 1 Year
    ALSAIF GALLERY —   TASI —

  • Tadawul 4192 : AlSaif Stores for Development and Investment - Technical Analysis (Daily)

    Alsaif Gallery - Technical Analysis chart on Daily Price and Volume
    Alsaif Gallery - Technical Analysis chart on Daily Price and Volume

    • Price was in a deep consolidation phase since June’23.
    • After a significant correction, price finally found the support at around 7.5 level.
    • From there the price started forming Higher Highs and Lows and reached to its previous resistance around 10.5 level.
    • With again a short pull back, price finally break through the resistance level.
    • After the breakout, price started consolidating again.
    • With a significant volume rise, price has formed a bullish marubozu candle in last trading session which is indicating that price might be going upside further.
  • Tadawul 4192 : AlSaif Stores for Development and Investment - RSI Indicator

    Alsaif Gallery stock analysis based on RSI indicator
    Alsaif Gallery - RSI indicator

    • Current RSI of this stock is 63.31, which indicates the strength of buyers.

  • Tadawul 4192 : AlSaif Stores for Development and Investment - ADX & DI Indicator

    Alsaif Gallery stock analysis based on ADX & DI indicator
    Alsaif Gallery - 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 4192 : AlSaif Stores for Development and Investment - EMA Crossover

    Alsaif Gallery stock analysis based on EMA Crossover
    Alsaif Gallery - EMA Crossover

    • 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.
  • Conclusion - Tadawul 4192 : AlSaif Stores for Development and Investment Stock Price Forcast

    Based on our swing trading advice for Saudi Tadawul, AlSaif Stores for Development and Investment stock price target will be SAR 12.5 - SAR 12.7 in the next 08-10 trading sessions.

  • Share with
    0 0 votes
    Article Rating
    Subscribe
    Notify of
    guest
    0 Comments
    Inline Feedbacks
    View all comments

    Join Our Telegram Channel for Saudi Stock Market Update

    Saudi Stock Analysis

    Thumbnail of Prime Trading Advice - Saudi Arabia
    Thumbnail of Prime Trading Advice - Saudi Arabia
    Thumbnail of Prime Trading Advice - Saudi Arabia
    Thumbnail of Prime Trading Advice - Saudi Arabia
    Thumbnail of Prime Trading Advice - Saudi Arabia
    Thumbnail of Prime Trading Advice - Saudi Arabia
    Thumbnail of Prime Trading Advice - Saudi Arabia

    Join Our Telegram Channel for USA Stock Analysis Update

    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.

    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