Tadawul trade advice (A): Saudi capital goods stock | 9-10% gain | KSA stock trading signal on 13 May 2024

Stock Market

Tadawul, Saudi Arabia

Stoploss reached. Trade closed.

18 days
23 Jun 2024
13 May 2024
Loss per
100,000 SAR
18 days
-3,030
Stop-loss
23 Jun 2024
3.2
Buy Advice
13 May 2024
3.3 – 3.45
Target 1
3.75
Target 2
3.8
Profit per
100,000 SAR
-3,030
3.2
3.3 – 3.45
3.75
3.8
18 days
23 Jun 2024
13 May 2024
Loss per
100,000 SAR
18 days
-3,030
Stop-loss
23 Jun 2024
3.2
Buy Advice
13 May 2024
3.3 – 3.45
Target 1
3.75
Target 2
3.8
Profit per
100,000 SAR
-3,030
3.2
3.3 – 3.45
3.75
3.8
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Batic Investments and Logistics
  • 3.3 – 3.45
  • 3.75 – 3.8
  • Below 3.2
  • 9% - 10%
  • 14 - 15 Days
  • Buy Batic Investments and Logistics
  • Buy
    Range
    3.3 – 3.45
  • Target 3.75 – 3.8
  • Stoploss Below 3.2
  • Upside
    Potential
    9% - 10%
  • 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 4110 : Batic Investments and Logistics - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 4110
  • Batic
  • Capital Goods
  • 3.63
  • 1.73
  • Tadawul code 4110
  • Stock Name Batic
  • Sector Capital Goods
  • 52 Weeks High 3.63
  • 52 Weeks Low 1.73
  • Company profile

    Batic Investments & Logistics Co. specializes in the development of residential and commercial properties. The company operates across various sectors, including Transportation, Real Estate, Security Services, ATM Management, Insurance Money Transfer, Currency Handling, Maintenance and Operations, and Medical Equipment Supply. The Transportation division offers a wide range of services, such as goods transportation, car and trailer rentals, cold storage rentals, fuel stations, maintenance workshops, and equipment sales and maintenance for road transport. In the Real Estate segment, the company acquires and sells land and constructs buildings. Additionally, the Security Services division provides reliable security guard and shift services to banks and businesses. The ATM Feeding division encompasses the provision of feeding and upkeep services for ATMs operated by banks. In the Insurance Money Transfer sector, this company specializes in delivering secure and insured transportation services for the transfer of valuable assets and funds. Their Maintenance and Operation segment excels in providing comprehensive building maintenance, efficient property management, and effective marketing solutions. The company is headquartered in Riyadh, Saudi Arabia.

  • Tadawul 4110 : Batic Investments and Logistics vs TASI - Relative Strength Comparison

    The image showcases Batic Investments and Logistics's 1-year performance relative to TASI.
    Relative Performance - Last 1 Year
    BATIC —   TASI —

  • Tadawul 4110 : Batic Investments and Logistics - Technical Analysis (Daily)

    Batic Investments and Logistics - Technical Analysis chart on Daily Price and Volume
    Batic Investments and Logistics - Technical Analysis chart on Daily Price and Volume

    • We have seen a significant correction in the price, which led the price down near 1.7 level.
    • From there, price found its support level and started moving upwards.
    • In this consolidation phase, a Symmetrical Triangle pattern has been formed.
    • After the breakout, price reached to 2.75 level and got a rejection from there.
    • With this pull back, price again moved upside and broke its previous resistance level.
    • Currently the price is trading near its 52 week high level and it is expected that the up move will be continued.
  • Tadawul 4110 : Batic Investments and Logistics - RSI Indicator

    Batic Investments and Logistics stock analysis based on RSI indicator
    Batic Investments and Logistics - RSI indicator

    • Current RSI of this stock is 78.35, which indicates the strength of buyers.

  • Tadawul 4110 : Batic Investments and Logistics - ADX & DI Indicator

    Batic Investments and Logistics stock analysis based on ADX & DI indicator
    Batic Investments and Logistics - 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 4110 : Batic Investments and Logistics - MACD Indicator

    Batic Investments and Logistics stock analysis based on MACD indicator
    Batic Investments and Logistics - MACD indicator

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

  • Conclusion - Tadawul 4110 : Batic Investments and Logistics Stock Price Forcast

    Based on our Saudi stock market trading signals, Batic Investments and Logistics stock price target will be SAR 3.75 - SAR 3.8 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.

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