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Al Rajhi Company for Cooperative Insurance offers a wide range of insurance products and services to individuals and businesses in Saudi Arabia. The company operates in four segments: Medical, Motor, Property and Casualty, and Protection and Savings. They provide various insurance products such as motor, travel, medical malpractice, and home insurance, as well as Auon insurance for domestic help. Additionally, they offer health, fidelity guarantee, group life, and many other insurance products. Founded in 2008, Al Rajhi Company for Cooperative Insurance is based in Riyadh, Saudi Arabia.
ALRAJHI TAKAFUL —  TASI —
Current RSI of this stock is 68.84, which indicates the strength of buyers.
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.
MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.
Based on our Saudi stock recommendations, Al-Rajhi Company for Cooperative Insurance stock price target will be SAR 172 - SAR 175 in the next 12-14 trading sessions.
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