- research@naranjcapital.com
Saudi Real Estate Co. functions as a real estate development firm. It offers a range of services such as real estate development, land development and trade, portfolio management, and property and facility management. The company primarily focuses on land ownership and development, constructing and selling or leasing commercial and residential properties. It also deals in the production, sale, purchase, and rental of construction materials and equipment, and undertakes building construction projects through contracts. This company is headquartered in Riyadh, Saudi Arabia.
ALAKARIA —  TASI —
Current RSI of this stock is 70.71, which indicates the strength of buyers.
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.
MACD line has crossed the signal line from the below, generates bullish signal.
Based on our Saudi Stocks Trading Advice, Saudi Real Estate stock price target will be SAR 22.75 - SAR 23.2 in the next 10-12 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.
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