Tadawul trade advice (A): Saudi banking stock | 4-6% gain | KSA stock trading picks on 22 Oct 2024

Stock Market

Tadawul, Saudi Arabia

Stoploss reached. Trade closed.

ALINMA 1150

17 days
14 Nov 2024
22 Oct 2024
Loss per
100,000 SAR
17 days
-3169
Stop-loss
14 Nov 2024
27.5
Buy Advice
22 Oct 2024
28.4 - 29
Target 1
30.3
Target 2
30.8
Profit per
100,000 SAR
-3169
27.5
28.4 - 29
30.3
30.8
17 days
14 Nov 2024
22 Oct 2024
Loss per
100,000 SAR
17 days
-3169
Stop-loss
14 Nov 2024
27.5
Buy Advice
22 Oct 2024
28.4 - 29
Target 1
30.3
Target 2
30.8
Profit per
100,000 SAR
-3169
27.5
28.4 - 29
30.3
30.8
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Alinma Bank
  • 28.4 - 29
  • 30.3 - 30.8
  • Below 27.5
  • 4% - 6%
  • 12 - 14 Days
  • Buy Alinma Bank
  • Buy
    Range
    28.4 - 29
  • Target 30.3 - 30.8
  • Stoploss Below 27.5
  • Upside
    Potential
    4% - 6%
  • 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 1150 : Alinma Bank - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 1150
  • Alinma
  • Bank
  • 36
  • 24.24
  • Tadawul code 1150
  • Stock Name Alinma
  • Sector Bank
  • 52 Weeks High 36
  • 52 Weeks Low 24.24
  • Company profile

    Alinma Bank offers a range of banking and investment services within the Kingdom of Saudi Arabia. Its operations are divided into Retail Banking, Corporate Banking, Treasury, and Investment and Brokerage segments. The bank provides various services, including current, education, and family accounts; self-service banking; a variety of cards; point of sale services; and financing options for cars, real estate, personal needs, and education. Additionally, it supports SMEs through the kafalah program, business payroll, and financing for assets, invoices, and receivables, along with bill payment services. Treasury services include letters of guarantee, documentary collections, and import/export letters of credit, as well as cash management and corporate partner services. The bank also offers financing and investment products, payroll management, and e-payment gateway services. Furthermore, it provides investment management, asset management, custodianship, advisory, underwriting, and brokerage services, and acts as an insurance agent. Digital banking services are also available. Established in 2006, Alinma Bank is headquartered in Riyadh, Saudi Arabia.

  • Tadawul 1150 : Alinma Bank vs TASI - Relative Strength Comparison

    The image compares Alinma Bank's 1-year performance to TASI.
    Relative Performance - Last 1 Year
    ALINMA —   TASI —

  • Tadawul 1150 : Alinma Bank - Technical Analysis (Daily)

    Alinma Bank - Technical Analysis chart on Daily Price and Volume
    Alinma Bank - Technical Analysis chart on Daily Price and Volume

    • After reaching a high near the 36 level, the price started to decline.
    • This drop caused the price to retrace to its trendline support level.
    • Having found support at this trendline, the price is now on an upward trajectory.
  • Tadawul 1150 : Alinma Bank - RSI Indicator

    Alinma Bank stock analysis based on RSI indicator
    Alinma Bank - RSI indicator

    • The current RSI for this stock is 52.01, showing a rebound close to the 20 level, which suggests strong buying activity.

  • Tadawul 1150 : Alinma Bank - MACD Indicator

    Alinma Bank stock analysis based on MACD indicator
    Alinma Bank - MACD Indicator

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

  • Conclusion - Tadawul 1150 : Alinma Bank Stock Price Forcast

    Based on our short term trading of Saudi stocks, Alinma Bank stock price target will be SAR 30.3 - SAR 30.8 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.

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