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National Gas & Industrialization Co. is involved in the distribution and trading of premium gas solutions in Saudi Arabia. The primary function of the company revolves around the transportation, distribution, and promotion of LPG, encompassing both butane and propane gases, either together or separately. Furthermore, the company is engaged in the marketing of cylinders, empty tanks, spare parts, and equipment for the transportation of tanks to end-users. The company caters to various sectors, including residential, industrial, agricultural, and commercial, with diverse applications for these gases. To fulfill these objectives, the company possesses a substantial number of filling stations, an extensive transportation and distribution fleet. Additionally, the company undertakes the construction, maintenance, and investment activities related to petroleum equipment and vehicles, including the acquisition of properties and land. Its operations are divided into geographical segments, namely the Central Region, Western Region, Eastern Region, and Southern Region of Saudi Arabia. Established in 1963, the company is headquartered in Riyadh, Saudi Arabia.
GASCO —  TASI —
Current RSI of this stock is 63.25, 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 just crossed the signal line from the below, generates bullish signal.
Based on our Saudi stock market trading signals, National Gas and Industrialization stock price target will be SAR 97 - SAR 99 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.
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