Tadawul trade advice (A): Saudi Transportation stock | 5-6% gain | KSA stock trading signal on 11 Mar 2024

Stock Market

Tadawul, Saudi Arabia

Target hit. Trade closed.

11 Mar 2024
21 Mar 2024
21 Mar 2024
24 days
Loss per
100,000 SAR
Stop-loss
48.5
Buy Advice
11 Mar 2024
53 – 55
Target 1
21 Mar 2024
60
Target 2
21 Mar 2024
61
Profit per
100,000 SAR
24 days
13,200
48.5
53 – 55
60
61
13,200
11 Mar 2024
21 Mar 2024
21 Mar 2024
24 days
Loss per
100,000 SAR
Stop-loss
48.5
Buy Advice
11 Mar 2024
53 – 55
Target 1
21 Mar 2024
60
Target 2
21 Mar 2024
61
Profit per
100,000 SAR
24 days
13,200
48.5
53 – 55
60
61
13,200
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Saudi Ground Services
  • 53 – 55
  • 60 – 61
  • Below 48.5
  • 9% - 11%
  • 8 - 10 Days
  • Buy Saudi Ground Services
  • Buy
    Range
    53 – 55
  • Target 60 – 61
  • Stoploss Below 48.5
  • Upside
    Potential
    9% - 11%
  • Trade
    Duration
    8 - 10 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Tadawul 4031 : Saudi Ground Services - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 4031
  • SGS
  • Transportation
  • 57
  • 51
  • Tadawul code 4031
  • Stock Name SGS
  • Sector Transportation
  • 52 Weeks High 57
  • 52 Weeks Low 51
  • Company profile

    Saudi Ground Services Company is headquartered in Jeddah, Saudi Arabia. The company is involved in offering ground handling services at 28 commercial airports in Saudi Arabia. Their primary goal is to ensure a seamless travel experience for both domestic and international travelers. The company’s operations encompass various services such as baggage handling, ticketing and boarding assistance, passenger support, ramp services, cargo loading and unloading, fleet services, and traffic control.

  • Tadawul 4031 : Saudi Ground Services vs TASI - Relative Strength Comparison

    The image showcases Saudi Ground Services 1-year performance relative to TASI.
    Relative Performance - Last 1 Year
    SGS —   TASI —

  • Tadawul 4031 : Saudi Ground Services - Technical Analysis (Daily)

    Saudi Ground Services - Technical Analysis chart on Daily Price and Volume
    Saudi Ground Services - Technical Analysis chart on Daily Price and Volume

    • Previously the price was in an uptrend.
    • From around 39 level, price took a rejection and fell down straight at 26 level.
    • After a sharp downfall, price started moving slowly upwards and making Higher Highs and Lows.
    • Through this entire consolidation phase, price has formed a Rounding Bottom pattern.
    • Volume was completely dried out during this phase.
    • After the breakout, price has consolidated above the breakout zone.
    • After a huge gap up opening, price sustained above the level and last day’s candle shows the strength of the buyers.
    • With the increasing volume, we can expect further upmove from current level.
  • Tadawul 4031 : Saudi Ground Services - RSI Indicator

    Saudi Ground Services stock analysis based on RSI indicator
    Saudi Ground Services - RSI indicator

    • Current RSI of the stock is 84.62, shows the momentum is with the buyers.

  • Tadawul 4031 : Saudi Ground Services - MACD Indicator

    Saudi Ground Services stock analysis based on MACD indicator
    Saudi Ground Services - MACD indicator

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

  • Tadawul 4031 : Saudi Ground Services - ADX & DI Indicator

    Saudi Ground Services stock analysis based on ADX & DI indicator
    Saudi Ground Services - 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.

  • Conclusion - Tadawul 4031 : Saudi Ground Services Stock Price Forcast

    Based on our saudi stocks trading signals, Saudi Ground Services stock price target will be SAR 60 - SAR 61 in the next 08-10 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.

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