Tadawul trade advice (A): Saudi consumer durables & apparel stock |11-13% gain | KSA stock trading idea on 8 Jul 2024

Stock Market

Tadawul, Saudi Arabia

Stoploss reached. Trade closed.

NASEEJ 1213

3 days
1 Aug 2024
8 Jul 2024
Loss per
100,000 SAR
3 days
-5,161
Stop-loss
1 Aug 2024
73.5
Buy Advice
8 Jul 2024
77.5 – 79
Target 1
87.5
Target 2
89
Profit per
100,000 SAR
-5,161
73.5
77.5 – 79
87.5
89
3 days
1 Aug 2024
8 Jul 2024
Loss per
100,000 SAR
3 days
-5,161
Stop-loss
1 Aug 2024
73.5
Buy Advice
8 Jul 2024
77.5 – 79
Target 1
87.5
Target 2
89
Profit per
100,000 SAR
-5,161
73.5
77.5 – 79
87.5
89
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Naseej International Trading
  • 77.5 – 79
  • 87.5 – 89
  • Below 73.5
  • 11% – 13%
  • 14 - 15 Days
  • Buy Naseej International Trading
  • Buy
    Range
    77.5 – 79
  • Target 87.5 – 89
  • Stoploss Below 73.5
  • Upside
    Potential
    11% – 13%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Tadawul 1213 : Naseej International Trading - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 1213
  • Naseej
  • Consumer Durables & Apparel
  • 88.5
  • 40.7
  • Tadawul code 1213
  • Stock Name Naseej
  • Sector Consumer Durables & Apparel
  • 52 Weeks High 88.5
  • 52 Weeks Low 40.7
  • Company profile

    Naseej International Trading company’s primary focus lies in the manufacturing, wholesale, and retail of various goods including carpets, rugs, floors, furniture, antiques, wooden and metal blinds, office furniture, kitchens, blankets, bedspreads, curtain fabrics, accessories, and artificial turf. To streamline its operations, the company is divided into three main activities: Industrial activity, Commercial activity, and Investment activity. The Industrial activity involves the production of various products, while the Commercial activity encompasses the wholesale and retail aspects of the company’s product offerings. Lastly, the Investment activity is responsible for engaging in investment activities. The company effectively distributes and sells its wide range of products both within the local market and beyond.

  • Tadawul 1213 : Naseej International Trading vs TASI - Relative Strength Comparison

    The image compares Naseej International Trading's 1-year performance to TASI.
    Relative Performance - Last 1 Year
    NASEEJ —   TASI —

  • Tadawul 1213 : Naseej International Trading - Technical Analysis (Daily)

    Naseej International Trading - Technical Analysis chart on Daily Price and Volume
    Naseej International Trading - Technical Analysis chart on Daily Price and Volume

    • Price has been consistently reaching higher highs and lows in the upward trend.
    • After hitting a record high near the 84 level, price corrected and began consolidating.
    • During this phase, the volume decreased significantly.
    • Recently, with a breakout supported by volume, price is attempting to move higher.
  • Tadawul 1213 : Naseej International Trading - RSI Indicator

    Naseej International Trading stock analysis based on RSI indicator
    Naseej International Trading - RSI indicator

    • Current RSI of this stock is 66.81, which indicates the strength of buyers.

  • Tadawul 1213 : Naseej International Trading - MACD Indicator

    Naseej International Trading stock analysis based on MACD indicator
    Naseej International Trading - MACD indicator

    • MACD line has crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.

  • Tadawul 1213 : Naseej International Trading - EMA Crossover

    Naseej International Trading stock analysis based on EMA Crossover
    Naseej International Trading - EMA Crossover

    • The short length exponential moving average (10 EMA) has just 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 1213 : Naseej International Trading Stock Price Forcast

    Based on our swing trade signals for Tadawul, Naseej International Trading stock price target will be SAR 87.5 - SAR 89 in the next 14-15 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.

    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