Tadawul trade advice (A): Saudi real Estate stock | 5-6% gain | KSA stock trading picks on 9 Feb 2025

Stock Market

Tadawul, Saudi Arabia

Target hit. Trade closed.

9 Feb 2025
11 Feb 2025
11 Feb 2025
3 days
Loss per
100,000 SAR
Stop-loss
100
Buy Advice
9 Feb 2025
105 – 108
Target 1
11 Feb 2025
113
Target 2
11 Feb 2025
115
Profit per
100,000 SAR
3 days
6,530
100
105 – 108
113
115
6,530
9 Feb 2025
11 Feb 2025
11 Feb 2025
3 days
Loss per
100,000 SAR
Stop-loss
100
Buy Advice
9 Feb 2025
105 – 108
Target 1
11 Feb 2025
113
Target 2
11 Feb 2025
115
Profit per
100,000 SAR
3 days
6,530
100
105 – 108
113
115
6,530
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Makkah Construction and Development
  • 105 – 108
  • 113 – 115
  • Below 100
  • 5% - 6%
  • 14 - 15 Days
  • Buy Makkah Construction and Development
  • Buy
    Range
    105 – 108
  • Target 113 – 115
  • Stoploss Below 100
  • Upside
    Potential
    5% - 6%
  • 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 4100 : Makkah Construction and Development - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 4100
  • MCDC
  • Real Estate
  • 114.6
  • 62.57
  • Tadawul code 4100
  • Stock Name MCDC
  • Sector Real Estate
  • 52 Weeks High 114.6
  • 52 Weeks Low 62.57
  • Company profile

    Makkah Construction and Development Company is actively involved in investing, owning, developing, managing, purchasing, and leasing properties in close proximity to Al Masjid Al Haram in Saudi Arabia. The company also undertakes various engineering projects, which encompass building, construction, repair, and demolition activities. Additionally, it operates hotels and provides services for Hajj and Umrah. Established in 1989, the company is based in Mecca, Saudi Arabia.

  • Tadawul 4100 : Makkah Construction and Development vs TASI - Relative Strength Comparison

    The image compares Makkah Construction and Development's 1-year performance to TASI.
    Relative Performance - Last 1 Year
    MCDC —   TASI —

  • Tadawul 4100 : Makkah Construction and Development - Technical Analysis (Daily)

    Makkah Construction and Development - Technical Analysis chart on Daily Price and Volume
    Makkah Construction and Development - Technical Analysis chart on Daily Price and Volume

    • The stock price is trending upward within a parallel ascending channel, having recently encountered minor resistance at the upper boundary.
    • We expect a breakout to occur soon, driving the price upward.
  • Tadawul 4100 : Makkah Construction and Development - RSI Indicator

    Makkah Construction and Development stock analysis based on RSI Indicator
    Makkah Construction and Development - RSI Indicator

    • Current RSI of this stock is 65.92, which indicates the strength of buyers.

  • Tadawul 4100 : Makkah Construction and Development - ADX & DI Indicator

    Makkah Construction and Development stock analysis based on ADX & DI Indicator
    Makkah Construction and Development - 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 4100 : Makkah Construction and Development - MACD Indicator

    Makkah Construction and Development stock analysis based on MACD indicator
    Makkah Construction and Development - MACD indicator

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

  • Conclusion - Tadawul 4100 : Makkah Construction and Development Stock Price Forcast

    Based on our stock selection for KSA Tadawul, Makkah Construction and Development stock price target will be SAR 113 - SAR 115 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.

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