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Al Yamamah Steel Industries Company CJSC (formerly Al Yamamah Steel Industries Co) is a joint stock company, is headquartered in Riyadh, Saudi Arabia.
The company manufactures metal products for the construction, electrical, and telecommunication sectors.
Their products include longitudinally welded steel tubes, decorative steel tubes, steel sheets cutters, packaging straps and clips, road blocks, reinforcing steel bars, wheelbarrows, corrugated steel sheets, hollow steel pieces, cold rolled steel sections, steel space frames, galvanized steel lighting poles, and other related products.
The company operates through different business units: Tubes, Poles, Towers.
ALYAMAMAH STEEL — TASI —
The current RSI of the stock is 68.73, shows strength of buyers. RSI line is also in a uptrend, which is very positive 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.
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 short term trading of Saudi stocks, Al Yamamah Steel Industries stock price target will be SAR 36.5 - SAR 37 in the next 12-14 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
