Tadawul trade advice (A): Saudi real estate stock | 8-10% gain | KSA stock trading signal on 22 Jul 2024

Stock Market

Tadawul, Saudi Arabia

Target hit. Trade closed.

ALAKARIA 4020

22 Jul 2024
25 Jul 2024
25 Jul 2024
4 days
Loss per
100,000 SAR
Stop-loss
19.75
Buy Advice
22 Jul 2024
20.5 – 21
Target 1
25 Jul 2024
22.75
Target 2
25 Jul 2024
23.2
Profit per
100,000 SAR
4 days
10,476
19.75
20.5 – 21
22.75
23.2
10,476
22 Jul 2024
25 Jul 2024
25 Jul 2024
4 days
Loss per
100,000 SAR
Stop-loss
19.75
Buy Advice
22 Jul 2024
20.5 – 21
Target 1
25 Jul 2024
22.75
Target 2
25 Jul 2024
23.2
Profit per
100,000 SAR
4 days
10,476
19.75
20.5 – 21
22.75
23.2
10,476
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Saudi Real Estate
  • 20.5 – 21
  • 22.75 – 23.2
  • Below 19.75
  • 8% – 10%
  • 10 - 12 Days
  • Buy Saudi Real Estate
  • Buy
    Range
    20.5 – 21
  • Target 22.75 – 23.2
  • Stoploss Below 19.75
  • Upside
    Potential
    8% – 10%
  • Trade
    Duration
    10 - 12 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Tadawul 4020 : Saudi Real Estate - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 4020
  • Alakaria
  • Real Estate
  • 24.52
  • 11.7
  • Tadawul code 4020
  • Stock Name Alakaria
  • Sector Real Estate
  • 52 Weeks High 24.52
  • 52 Weeks Low 11.7
  • Company profile

    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.

  • Tadawul 4020 : Saudi Real Estate vs TASI - Relative Strength Comparison

    The image highlights Saudi Real Estate's performance over the last year versus TASI.
    Relative Performance - Last 1 Year
    ALAKARIA —   TASI —

  • Tadawul 4020 : Saudi Real Estate - Technical Analysis (Daily)

    Saudi Real Estate - Technical Analysis chart on Daily Price and Volume
    Saudi Real Estate - Technical Analysis chart on Daily Price and Volume

    • The stock price went through a downtrend, then began consolidating and formed an Inverted Head & Shoulder pattern.
    • Following the breakout, the stock price surged upwards but encountered a strong rejection, leading to a downtrend.
    • Eventually, the stock found a base and started moving upwards by breaking out of the consolidation range.
    • After that, there was a strong upside rally, bringing the price to its all-time high.
    • However, the stock then faced a rejection and experienced a sharp correction.
    • Currently, the price is once again moving upwards with decent volume support and is expected to continue its upward movement.
  • Tadawul 4020 : Saudi Real Estate - RSI Indicator

    Saudi Real Estate stock analysis based on RSI indicator
    Saudi Real Estate - RSI indicator

    • Current RSI of this stock is 70.71, which indicates the strength of buyers.

  • Tadawul 4020 : Saudi Real Estate - ADX & DI Indicator

    Saudi Real Estate stock analysis based on ADX & DI indicator
    Saudi Real Estate - 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 4020 : Saudi Real Estate - MACD Indicator

    Saudi Real Estate stock analysis based on MACD indicator
    Saudi Real Estate - MACD indicator

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

  • Conclusion - Tadawul 4020 : Saudi Real Estate Stock Price Forcast

    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.

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    Details of Arijit Banerjee

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