Tadawul trade advice (C): Saudi banking stock | 6-8% gain | KSA stock trading signal on 29 Jul 2024

Stock Market

Tadawul, Saudi Arabia

Target hit. Trade closed.

ALBILAD 1140

29 Jul 2024
14 Aug 2024
14 Aug 2024
8 days
Loss per
100,000 SAR
Stop-loss
33.65
Buy Advice
29 Jul 2024
35 – 36
Target 1
14 Aug 2024
38
Target 2
14 Aug 2024
38.75
Profit per
100,000 SAR
8 days
10,714
33.65
35 – 36
38
38.75
10,714
29 Jul 2024
14 Aug 2024
14 Aug 2024
8 days
Loss per
100,000 SAR
Stop-loss
33.65
Buy Advice
29 Jul 2024
35 – 36
Target 1
14 Aug 2024
38
Target 2
14 Aug 2024
38.75
Profit per
100,000 SAR
8 days
10,714
33.65
35 – 36
38
38.75
10,714
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Bank Albilad
  • 35 – 36
  • 38 – 38.75
  • Below 33.65
  • 6% – 8%
  • 12 - 14 Days
  • Buy Bank Albilad
  • Buy
    Range
    35 – 36
  • Target 38 – 38.75
  • Stoploss Below 33.65
  • Upside
    Potential
    6% – 8%
  • 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 1140 : Bank Albilad - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 1140
  • ALBILAD
  • Bank
  • 41.36
  • 28.6
  • Tadawul code 1140
  • Stock Name ALBILAD
  • Sector Bank
  • 52 Weeks High 41.36
  • 52 Weeks Low 28.6
  • Company profile

    Bank Albilad provides a variety of banking products and services in Saudi Arabia through its subsidiaries. It operates in four segments: Retail Banking, Corporate Banking, Treasury, and Investment Banking and Brokerage. The company offers various accounts, financing products, real estate financing, auto financing, remittances, currency exchange, corporate financing solutions, cash management, trade finance, money market, treasury services, SME financing, point of sale services, e-commerce payment platforms, investment management, asset management, payroll services, wage protection systems, and internet banking. Established in 2004, Bank Albilad is based in Riyadh, Saudi Arabia.

  • Tadawul 1140 : Bank Albilad vs TASI - Relative Strength Comparison

    The image compares Bank Albilad's 1-year performance to TASI.
    Relative Performance - Last 1 Year
    ALBILAD —   TASI —

  • Tadawul 1140 : Bank Albilad - Technical Analysis (Daily)

    Bank Albilad - Technical Analysis chart on Daily Price and Volume
    Bank Albilad - Technical Analysis chart on Daily Price and Volume

    • The stock price had been in a downtrend and then consolidated within a Symmetrical Triangle pattern.
    • After the breakout, the stock surged upwards but was rejected near the 41 level.
    • Then the stock price resumed its downtrend until finding support near the 32 level.
    • Following a period of consolidation, the stock has now formed a Double Bottom pattern, suggesting a possible reversal in the trend.
    • With the neckline of the Double Bottom pattern broken, the price is poised to move upwards.
  • Tadawul 1140 : Bank Albilad - RSI Indicator

    Bank Albilad stock analysis based on RSI indicator
    Bank Albilad - RSI indicator

    • Current RSI of this stock is 71.27, which indicates the strength of buyers.

  • Tadawul 1140 : Bank Albilad - ADX & DI Indicator

    Bank Albilad stock analysis based on ADX & DI indicator
    Bank Albilad - ADX & DI indicator

    • 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.

  • Tadawul 1140 : Bank Albilad - MACD Indicator

    Bank Albilad stock analysis based on MACD indicator
    Bank Albilad - MACD indicator

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

  • Conclusion - Tadawul 1140 : Bank Albilad Stock Price Forcast

    Based on our Saudi stock recommendations, Bank Albilad stock price target will be SAR 38 - SAR 38.75 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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