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The Saudi Arabian Cooperative Insurance Company (SAICO) is one of the leading insurance companies in Saudi Arabia. Established in 2007, SAICO provides a wide range of insurance products and services to individuals, businesses, and government entities across the Kingdom. The company operates in compliance with the regulations set by the Saudi Arabian Monetary Authority (SAMA), which oversees the insurance industry in the country. The company offers various types of insurance coverage, including motor Insurance, health Insurance, property Insurance, liability Insurance etc.
SAICO — TASI —
Current RSI of this stock is 67.26, which indicates the strength of buyers.s.
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.
The short length moving average (10 SMA) has crossed 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.
Based on our Saudi Tadawul stock trading advice, Saudi Arabian Cooperative Insurance stock price target will be SAR 22 - SAR 22.3 in the next 08-10 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.
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