Tadawul trade advice (A): Saudi capital goods stock | 6-7% gain | KSA stock trading signal on 4 Mar 2024

Stock Market

Tadawul, Saudi Arabia

Target hit. Trade closed.

ALBABTAIN 2320

4 Mar 2024
17 Mar 2024
17 Mar 2024
10 days
Loss per
100,000 SAR
Stop-loss
32.5
Buy Advice
4 Mar 2024
34 – 35
Target 1
17 Mar 2024
37
Target 2
17 Mar 2024
37.5
Profit per
100,000 SAR
10 days
10,294
32.5
34 – 35
37
37.5
10,294
4 Mar 2024
17 Mar 2024
17 Mar 2024
10 days
Loss per
100,000 SAR
Stop-loss
32.5
Buy Advice
4 Mar 2024
34 – 35
Target 1
17 Mar 2024
37
Target 2
17 Mar 2024
37.5
Profit per
100,000 SAR
10 days
10,294
32.5
34 – 35
37
37.5
10,294
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Al-Babtain Power & Telecommunication
  • 34 – 35
  • 37 – 37.5
  • Below 32.5
  • 6% - 7%
  • 10 - 12 Days
  • Buy Al-Babtain Power & Telecommunication
  • Buy
    Range
    34 – 35
  • Target 37 – 37.5
  • Stoploss Below 32.5
  • Upside
    Potential
    6% - 7%
  • Trade
    Duration
    10 - 12 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Tadawul 2320 : Al-Babtain Power & Telecommunication - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 2023
  • ALBABTAIN
  • Capital Goods
  • 35.1
  • 14.27
  • Tadawul code 2023
  • Stock Name ALBABTAIN
  • Sector Capital Goods
  • 52 Weeks High 35.1
  • 52 Weeks Low 14.27
  • Company profile

    Company Overview:- AL-Babtain Power & Telecommunication Company ,headquartered in Riyadh, Saudi Arabia, manufactures steel structures such as electrical distribution and lighting poles, high masts, stadium masts, and monopoles. Additionally, the company operates plants for high voltage transmission and communication towers, steel structures. They also do tower testing, and galvanizing. Moreover, AL-Babtain Power & Telecommunication Company has expanded its operations to Egypt, enabling them to cater to the communication sector in the Middle East. With a diverse customer base, the company has established its presence globally.

  • Tadawul 2320 : Al-Babtain Power & Telecommunication vs TASI - Relative Strength Comparison

    The image compares Al-Babtain Power & Telecommunication's 1-year performance to TASI.
    Relative Performance - Last 1 Year
    ALBABTAIN —   TASI —

  • Tadawul 2320 : Al-Babtain Power & Telecommunication - Technical Analysis (Daily)

    Al-Babtain Power & Telecommunication - Technical Analysis chart on Daily Price and Volume
    Al-Babtain Power & Telecommunication - Technical Analysis chart on Daily Price and Volume

    • Previously, the price had been consolidating and made a Rounding Top pattern.
    • But instead of breaking down the neckline, price gave a sharp upmove from there and reached to 30 level.
    • A gap up scenario can be observed at the chart and the price managed to sustain the level after gap up.
    • This activity shows the strength of buyers at that moment.
    • After that, price has consolidated in a Rectangle for a while.
    • Then successfully broke out the range upside and currently trading at All Time High.
    • Volume is also decent.
    • We might be witnessing the price to achieve the upper levels in coming days.
  • Tadawul 2320 : Al-Babtain Power & Telecommunication - RSI Indicator

    Al-Babtain Power & Telecommunication stock analysis based on RSI indicator
    Al-Babtain Power & Telecommunication - RSI indicator

    • Current RSI of this stock is 61.37, which indicates the strength of buyers.

  • Tadawul 2320 : Al-Babtain Power & Telecommunication - ADX & DI Indicator

    Al-Babtain Power & Telecommunication stock analysis based on ADX & DI indicator
    Al-Babtain Power & Telecommunication - 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 2320 : Al-Babtain Power & Telecommunication - Bollinger Bands

    Al-Babtain Power & Telecommunication stock analysis based on Bollinger Bands
    Al-Babtain Power & Telecommunication - Bollinger Bands

    • From Nov’23, price is continuously hugging the upper band and sometimes exceeded the upper band, which indicates the momentum is with the buyers.

  • Conclusion - Tadawul 2320 : Al-Babtain Power & Telecommunication Stock Price Forcast

    Based on our Saudi stocks advisory, Al-Babtain Power & Telecommunication stock price target will be SAR 37 - SAR 37.5 in the next 10-12 trading sessions.

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