Tadawul trade advice (A): Saudi materials stock | 7-9% gain | KSA stock trading picks on 21 Oct 2024

Stock Market

Tadawul, Saudi Arabia

Stoploss reached. Trade closed.

EAST PIPES 1321

15 days
11 Nov 2024
2 Dec 2024
Loss per
100,000 SAR
15 days
-4321
Stop-loss
11 Nov 2024
155
Buy Advice
2 Dec 2024
162 - 166
Target 1
175
Target 2
177
Profit per
100,000 SAR
-4321
155
162 - 166
175
177
15 days
11 Nov 2024
2 Dec 2024
Loss per
100,000 SAR
15 days
-4321
Stop-loss
11 Nov 2024
155
Buy Advice
2 Dec 2024
162 - 166
Target 1
175
Target 2
177
Profit per
100,000 SAR
-4321
155
162 - 166
175
177
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • East Pipe Integrated
  • 162 - 166
  • 175 - 177
  • Below 155
  • 5% - 7%
  • 12 - 14 Days
  • Buy East Pipe Integrated
  • Buy
    Range
    162 - 166
  • Target 175 - 177
  • Stoploss Below 155
  • Upside
    Potential
    5% - 7%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Tadawul 1321 : East Pipes Integrated - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 1321
  • East Pipes
  • Materials
  • 177.8
  • 60.7
  • Tadawul code 1321
  • Stock Name East Pipes
  • Sector Materials
  • 52 Weeks High 177.8
  • 52 Weeks Low 60.7
  • Company profile

    East Pipes Integrated Co. for Industry specializes in pipe manufacturing, providing a range of products including HSAW pipes, double jointing, and coating services. The company also delivers valuable services such as laboratory testing, technical support, cost-effective solutions, and an efficient yard management system. Established on May 30, 2010, East Pipes is proudly headquartered in Dammam, Saudi Arabia.

  • Tadawul 1321 : East Pipes Integrated vs TASI - Relative Strength Comparison

    The image highlights East Pipe's performance over the last year versus TASI.
    Relative Performance - Last 1 Year
    East Pipes —   TASI —

  • Tadawul 1321 : East Pipes Integrated - Technical Analysis (Daily)

    East Pipes Integrated - Technical Analysis chart on Daily Price and Volume
    East Pipes Integrated - Technical Analysis chart on Daily Price and Volume

    • The stock price reached an all-time high near the 178 level, encountered significant resistance there.
    • Afterward, it dropped to the 135 level, where it found support.
    • At present, the stock price is steadily rising, suggesting strong growth potential.
  • Tadawul 1321 : East Pipes Integrated - RSI

    East Pipes Integrated stock analysis based on RSI indicator
    East Pipes Integrated - RSI indicator

    • Current RSI of this stock is 69.86, which indicates the strength of buyers.

  • Tadawul 1321 : East Pipes Integrated - MACD Indicator

    East Pipes Integrated stock analysis based on MACD indicator
    East Pipes Integrated - MACD Indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

  • Tadawul 1321 : East Pipes Integrated - EMA Crossover

    East Pipes Integrated stock analysis based on EMA Crossover
    East Pipes Integrated - 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 1321 : East Pipes Integrated Stock Price Forcast

    Based on our short term trading advice for Saudi Tadawul, East Pipes Integrated stock price target will be SAR 175 - SAR 177 in the next 12-14 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.

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