Tadawul trade advice (A): Saudi financial services stock | 5-7% gain | KSA stock trading picks on 14 Oct 2024

Stock Market

Tadawul, Saudi Arabia

Stoploss reached. Trade closed.

20 days
14 Nov 2024
14 Oct 2024
Loss per
100,000 SAR
20 days
-3333
Stop-loss
14 Nov 2024
232
Buy Advice
14 Oct 2024
240 - 246
Target 1
258
Target 2
263
Profit per
100,000 SAR
-3333
232
240 - 246
258
263
20 days
14 Nov 2024
14 Oct 2024
Loss per
100,000 SAR
20 days
-3333
Stop-loss
14 Nov 2024
232
Buy Advice
14 Oct 2024
240 - 246
Target 1
258
Target 2
263
Profit per
100,000 SAR
-3333
232
240 - 246
258
263
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Saudi Tadawul Group Holding
  • 240 - 246
  • 258 - 263
  • Below 232
  • 5% - 7%
  • 12 - 14 Days
  • Buy Saudi Tadawul Group Holding
  • Buy
    Range
    240 - 246
  • Target 258 - 263
  • Stoploss Below 232
  • Upside
    Potential
    5% - 7%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Tadawul 1111 : Saudi Tadawul Group Holding - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 1111
  • Tadawul Group
  • Financial Services
  • 284.8
  • 159.2
  • Tadawul code 1111
  • Stock Name Tadawul Group
  • Sector Financial Services
  • 52 Weeks High 284.8
  • 52 Weeks Low 159.2
  • Company profile

    Saudi Tadawul Group Holding Company, established in 2007 and headquartered in Riyadh, Saudi Arabia, is involved in the trading and listing of securities for both local and international investors. The company manages various services such as deposit, transfer, clearing, settlement, and registry of ownership of securities. Additionally, it offers depository and registration services, financial technology solutions, capital market solutions, and financial content for stakeholders. Moreover, Saudi Tadawul Group Holding Company provides remote voting (e-voting), reporting, notifications, data maintenance services, and facilitates various financial instruments in the Saudi capital market including equity, debt, Sukuk, bonds, ETFs, REITs, and mutual funds.

  • Tadawul 1111 : Saudi Tadawul Group Holding vs TASI - Relative Strength Comparison

    The image compares Tadawul Group's 1-year performance to TASI.
    Relative Performance - Last 1 Year
    Tadawul Group —   TASI —

  • Tadawul 1111 : Saudi Tadawul Group Holding - Technical Analysis (Daily)

    Saudi Tadawul Group - Technical Analysis chart on Daily Price and Volume
    Saudi Tadawul Group - Technical Analysis chart on Daily Price and Volume

    • The stock price previously formed a Descending Broadening Wedge pattern, and after breaking out, it reached an all-time high close to the 285 mark.
    • At that point, the price faced significant resistance and began to drop.
    • However, it has recently broken through the downward-sloping parallel channel and is now set to move upward.
  • Tadawul 1111 : Saudi Tadawul Group Holding - RSI Indicator

    Saudi Tadawul Group stock analysis based on RSI indicator
    Saudi Tadawul Group - RSI indicator

    • Current RSI of this stock is 64.47, which indicates the strength of buyers.

  • Tadawul 1111 : Saudi Tadawul Group Holding - MACD Indicator

    Saudi Tadawul Group stock analysis based on MACD indicator
    Saudi Tadawul Group - MACD indicator

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

  • Tadawul 1111 : Saudi Tadawul Group Holding - EMA Crossover

    Saudi Tadawul Group stock analysis based on EMA Crossover
    Saudi Tadawul Group - EMA Crossover

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

  • Conclusion - Tadawul 1111 : Saudi Tadawul Group Holding Stock Price Forcast

    Based on our Saudi Stocks Trading Advice, Saudi Tadawul Group Holding stock price target will be SAR 258 - SAR 263 in the next 12-14 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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