Buy National Medical Care | Tadawul 4005 | 5-7% gain | KSA stock trading idea on 14 Oct 2024

Stock Market

Tadawul, Saudi Arabia

Stoploss reached. Trade closed.

20 days
10 Nov 2024
2 Dec 2024
Loss per
100,000 SAR
20 days
-3684
Stop-loss
10 Nov 2024
183
Buy Advice
2 Dec 2024
190 - 195
Target 1
205
Target 2
208
Profit per
100,000 SAR
-3684
183
190 - 195
205
208
20 days
10 Nov 2024
2 Dec 2024
Loss per
100,000 SAR
20 days
-3684
Stop-loss
10 Nov 2024
183
Buy Advice
2 Dec 2024
190 - 195
Target 1
205
Target 2
208
Profit per
100,000 SAR
-3684
183
190 - 195
205
208
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • National Medical Care
  • 190 - 195
  • 205 - 208
  • Below 183
  • 5% - 7%
  • 12 - 14 Days
  • Buy National Medical Care
  • Buy
    Range
    190 - 195
  • Target 205 - 208
  • Stoploss Below 183
  • 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 4005 : National Medical Care - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 4005
  • Care
  • Health Care
  • 227.6
  • 116
  • Tadawul code 4005
  • Stock Name Care
  • Sector Health Care
  • 52 Weeks High 227.6
  • 52 Weeks Low 116
  • Company profile

    National Medical Care Company is responsible for the establishment, ownership, equipping, management, maintenance, and operation of healthcare facilities within the Kingdom of Saudi Arabia. The organization manages several institutions, including Riyadh Care Hospital, Family Health Care Center, National Hospital, and Care Company for Pharmaceutical and Medical Distribution. Additionally, it offers home healthcare services. Founded in 2003, the company is headquartered in Riyadh, Saudi Arabia.

  • Tadawul 4005 : National Medical Care vs TASI - Relative Strength Comparison

    A 1-year review: National Medical Care's performance compared to TASI.
    Relative Performance - Last 1 Year
    CARE —   TASI —

  • Tadawul 4005 : National Medical Care - Technical Analysis (Daily)

    National Medical Care - Technical Analysis chart on Daily Price and Volume
    National Medical Care - Technical Analysis chart on Daily Price and Volume

    • The stock price has been consolidating within a defined range.
    • Currently, it has just bounced back from the support level, creating a strong bullish Marubozu candle and is now trending upward.
    • There are anticipations for a possible short-term rally in the stock price over the coming week or two.
  • Tadawul 4005 : National Medical Care - RSI Indicator

    National Medical Care stock analysis based on RSI indicator
    National Medical Care - RSI Indicator

    • The current RSI for this stock is 47.70, having recently bounced back from a level near 30, which could be seen as a positive signal.

  • Tadawul 4005 : National Medical Care - Volume Footprint

    National Medical Care stock analysis based on Volume Footprint
    National Medical Care - Volume Footprint

    • For the last two trading session, the delta value has surged hugely, signals there is a strong accumulation at the support level occurred rather than distribution.

  • Conclusion - Tadawul 4005 : National Medical Care Stock Price Forcast

    Based on our positional stock recommendations for Saudi Tadawul, National Medical Care stock price target will be SAR 205 - SAR 208 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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