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Saudi Aramco Base Oil Co. is the largest oil production company in the world. Products from the company are sold throughout the Kingdom as well as in other MENA countries, European, and American nations. It produces a range of Group I and Group II Base Oils, which are sold to significant national, regional, and international oil firms both inside and beyond the Kingdom.
As a reading of 50 denotes a balance between bullish and bearish positions so the 60 RSI indicates that the stock is going to move upward.
The chart with the Moving Average indicator shows that the stock price has crossed the both MA lines which tells us that the stock is ready for an up move.
The chart shows the maximum volume appears in SAR 150. this indicates positive buying sentiments in upcoming days.
Based on our Saudi stocks advisory, Saudi Aramco Base Oil stock price target will be SAR 157 - SAR 160 in the next 12-14 trading sessions.
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
