Tadawul trade advice (A): Saudi materials stock | 6-7% gain | KSA stock trading Idea on 9 Dec 2024

Stock Market

Tadawul, Saudi Arabia

Target hit. Trade closed.

ZAMIL INDUST 2240

9 Dec 2024
15 Dec 2024
5 days
Loss per
100,000 SAR
Stop-loss
30.7
Buy Advice
9 Dec 2024
31.8 - 32.2
Target 1
15 Dec 2024
34.2
Target 2
34.5
Profit per
100,000 SAR
5 days
7704
30.7
31.8 - 32.2
34.2
34.5
7704
9 Dec 2024
15 Dec 2024
5 days
Loss per
100,000 SAR
Stop-loss
30.7
Buy Advice
9 Dec 2024
31.8 - 32.2
Target 1
15 Dec 2024
34.2
Target 2
34.5
Profit per
100,000 SAR
5 days
7704
30.7
31.8 - 32.2
34.2
34.5
7704
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Zamil Industrial Investment
  • 31.8 - 32.2
  • 34.2 - 34.5
  • 30.7
  • 6% - 7%
  • 14-15 Days
  • Buy Zamil Industrial Investment
  • Buy
    Range
    31.8 - 32.2
  • Target 34.2 - 34.5
  • Stoploss 30.7
  • Upside
    Potential
    6% - 7%
  • 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 2240 : Zamil Industrial Investment - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 2240
  • Zamil Indust
  • Materials
  • 34.3
  • 19.72
  • Tadawul code 2240
  • Stock Name Zamil Indust
  • Sector Materials
  • 52 Weeks High 34.3
  • 52 Weeks Low 19.72
  • Company profile

    Zamil Industrial Investment Company and its subsidiaries focus on designing, manufacturing, and fabricating construction materials, pre-engineered steel buildings, and climate control systems for various applications, including telecom towers and solar projects. It operates in four segments: Air Conditioners, Steel, Insulation, and Corporate. The Air Conditioners segment produces various cooling systems and appliances, while the Steel segment manages industrial projects and communication towers. The Insulation segment manufactures fiberglass and other insulation products. The Corporate segment handles training and investments. Founded in 1974, the company is based in Dammam, Saudi Arabia, and operates in Saudi Arabia, Asia, and Africa.

  • Tadawul 2240 : Zamil Industrial Investment vs TASI - Relative Strength Comparison

    The image showcases Zamil Industrial Investment's 1-year performance relative to TASI.
    Relative Performance - Last 1 Year
    Zamil Indust —   TASI —

  • Tadawul 2240 : Zamil Industrial Investment - Technical Analysis (Daily)

    Zamil Industrial Investment - Technical Analysis chart on Daily Price and Volume
    Zamil Industrial Investment - Technical Analysis chart on Daily Price and Volume

    • Following a significant decline, the price discovered support around the 20 level and began its upward trajectory.
    • With a recent breakout, the price is now poised for further gains.
  • Tadawul 2240 : Zamil Industrial Investment - RSI Indicator

    Zamil Industrial Investment stock analysis based on RSI indicator
    Zamil Industrial Investment - RSI Indicator

    • Current RSI of this stock is 75.33, which indicates the strength of buyers.

  • Tadawul 2240 : Zamil Industrial Investment - ADX & DI Indicator

    Zamil Industrial Investment stock analysis based on ADX & DI indicator
    Zamil Industrial Investment - 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 2240 : Zamil Industrial Investment - MACD

    Zamil Industrial Investment stock analysis based on MACD indicator
    Zamil Industrial Investment - MACD Indicator

    • The short length exponential moving average (10 EMA) has 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 2240 : Zamil Industrial Investment Stock Price Forcast

    Based on our Saudi Stocks Trading Guidance, Zamil Industrial Investment stock price target will be SAR 34.2 - SAR 34.5 in the next 14-15 trading sessions.

  • Share with
    0 0 votes
    Article Rating
    Subscribe
    Notify of
    guest
    0 Comments
    Inline Feedbacks
    View all comments

    Join Our Telegram Channel for Saudi Stock Market Update

    Saudi Stock Analysis

    Thumbnail of Prime Trading Advice - Saudi Arabia
    Thumbnail of Prime Trading Advice - Saudi Arabia
    Thumbnail of Prime Trading Advice - Saudi Arabia
    Thumbnail of Prime Trading Advice - Saudi Arabia

    Join Our Telegram Channel for USA Stock Analysis Update

    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