Buy Ayyan Investment | Tadawul 2140 | 9-10% gain | Saudi stock trading idea on 29 Jan 2024

Stock Market

Tadawul, Saudi Arabia

Stoploss reached. Trade closed.

3 days
4 Feb 2024
29 Jan 2024
Loss per
100,000 SAR
3 days
-3,804
Stop-loss
4 Feb 2024
17.7
Buy Advice
29 Jan 2024
18.4 - 18.8
Target 1
20
Target 2
20.3
Profit per
100,000 SAR
-3,804
17.7
18.4 - 18.8
20
20.3
3 days
4 Feb 2024
29 Jan 2024
Loss per
100,000 SAR
3 days
-3,804
Stop-loss
4 Feb 2024
17.7
Buy Advice
29 Jan 2024
18.4 - 18.8
Target 1
20
Target 2
20.3
Profit per
100,000 SAR
-3,804
17.7
18.4 - 18.8
20
20.3
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Ayyan Investment
  • 18.4 – 18.8
  • 20 – 20.3
  • Below 17.7
  • 9% - 10%
  • 14 - 15 Days
  • Buy Ayyan Investment
  • Buy
    Range
    18.4 – 18.8
  • Target 20 – 20.3
  • Stoploss Below 17.7
  • Upside
    Potential
    9% - 10%
  • 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 2140 : Ayyan Investment - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 2140
  • AYYAN
  • Health care equipment & svc
  • 20.98
  • 12.7
  • Tadawul code 2140
  • Stock Name AYYAN
  • Sector Health care equipment & svc
  • 52 Weeks High 20.98
  • 52 Weeks Low 12.7
  • Company profile

    The company invests in industrial and service development initiatives that are either established independently or in collaboration with other local businesses. It works on launching, overseeing, running, and maintaining various medical projects. They invest, manage and maintain hospitals, hotels, education and tourism facilities.

  • Tadawul 2140 : Ayyan Investment - Technical Analysis (Daily)

    Ayyan Investment - Technical Analysis chart on Daily Price and Volume
    Ayyan Investment - Technical Analysis chart on Daily Price and Volume

    • Making lower highs and lows, the stock had been maintaining a strong downtrend, from Jun’23 to Dec,23.
    • A hammer candle was formed at the bottom position which indicates bulls are going to take the charge
    • There is a firm Rounding Bottom pattern can be seen which indicates buyers’ are showing interest to buy the stock. Also there is a ascecding triangle pattern can be observed inside the Rounding Bottom pattern, which itself a strong bullish chart pattern.
    • Trading volume was completely dried out through the entire downtrend. But recently volume has become very high, which shows the stock is intend to move upside. The volume of the breakout candle has been ipressive.
    • After breaking out its resistance level, the stock is further making a Pole & Flag pattern, which is a trend continuation pattern.
    • Overall we can expect a strong upmove further, which can bring this stock to upper levels in upcoming days.
  • Tadawul 2140 : Ayyan Investment - MACD Indicator

    Ayyan Investment stock analysis based on MACD indicator
    Ayyan Investment - MACD indicator

    • In the chart the MACD line recently crossed above the zero line, it suggests the beginning of an uptrend price movement of the stock. The MACD line also crosses above the Signal line, which is considered a bullish signal, indicating potential upward momentum.

  • Tadawul 2140 : Ayyan Investment - Bollinger Bands

    Ayyan Investment stock analysis based on Bollinger Bands
    Ayyan Investment - Bollinger Bands

    • Feb 2023 to Jun 2023 the price has seen to be touched the upper band which signifies that the stock is overbought, suggesting that the stock may be overvalued and due for a potential reversal.
    • July 2023 to Oct 2023 the price did consistently hug the lower band, which suggests a strong downtrend.
    • From Dec 2023 to Jan 2023 it continuously touched or sometimes exceeded the upper band again which suggests a strong uptrend.
  • Tadawul 2140 : Ayyan Investment - OBV Indicator

    Ayyan Investment stock analysis based on OBV Indicator
    Ayyan Investment - OBV Indicator

    • We see the OBV is rising, it suggests that volume is heavier on days with an upward price movement. This is seen as a bullish sign, indicating positive buying pressure.

  • Conclusion - Tadawul 2140 : Ayyan Investment Stock Price Forecast

    Based on our trading signals of Saudi stock market, Ayyan Investment stock price target will be SAR 20 - SAR 20.3 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.

    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