Tadawul trade advice (B): Saudi utilities stock | 8-12% gain | KSA stock trading signal on 2 Dec 2024

Stock Market

Tadawul, Saudi Arabia

Target hit. Trade closed.

ACWA Power 2082

2 Dec 2024
4 Dec 2024
3 days
Loss per
100,000 SAR
Stop-loss
345
Buy Advice
2 Dec 2024
365 - 375
Target 1
4 Dec 2024
400
Target 2
420
Profit per
100,000 SAR
3 days
8686
345
365 - 375
400
420
8686
2 Dec 2024
4 Dec 2024
3 days
Loss per
100,000 SAR
Stop-loss
345
Buy Advice
2 Dec 2024
365 - 375
Target 1
4 Dec 2024
400
Target 2
420
Profit per
100,000 SAR
3 days
8686
345
365 - 375
400
420
8686
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • ACWA Power
  • 365 - 375
  • 400 - 420
  • Below 345
  • 8% - 12%
  • 14 - 16 Days
  • Buy ACWA Power
  • Buy
    Range
    365 - 375
  • Target 400 - 420
  • Stoploss Below 345
  • Upside
    Potential
    8% - 12%
  • Trade
    Duration
    14 - 16 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Tadawul 2082 : ACWA Power - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 2082
  • ACWA Power
  • Utilities
  • 500.8
  • 220.96
  • Tadawul code 2082
  • Stock Name ACWA Power
  • Sector Utilities
  • 52 Weeks High 500.8
  • 52 Weeks Low 220.96
  • Company profile

    ACWA Power Company, founded in 2004, is a Saudi Arabian company that invests, develops, and maintains power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia and internationally. The company also sells electricity, desalinated water, and green hydrogen, installs and maintains contracts, provides financial advisory, book-keeping, tax compliance, and reinsurance services, and generates renewable energy from photovoltaic, concentrated solar power, wind plants, and hydrogen sources. ACWA Power Company was formerly known as International Company for Water and Power Projects.

  • Tadawul 2082 : ACWA Power vs TASI - Relative Strength Comparison

    The image compares ACWA Power's 1-year performance to TASI.
    Relative Performance - Last 1 Year
    ACWA Power —   TASI —

  • Tadawul 2082 : ACWA Power - Technical Analysis (Daily)

    ACWA Power - Technical Analysis chart on Daily Price and Volume
    ACWA Power - Technical Analysis chart on Daily Price and Volume

    • The stock has been range-bound for a while, and after a sharp drop, it has pulled back to a key support level.
    • The price is now attempting to rebound, seeking to regain lost ground.
  • Tadawul 2082 : ACWA Power - Stochastic Indicator

    ACWA Power stock analysis based on Stochastic indicator
    ACWA Power - Stochastic Indicator

    • A bullish signal is generated as the K line (blue) crosses over the D line (orange) from below, indicating a reversal from oversold conditions.

  • Tadawul 2082 : ACWA Power - RSI Indicator

    ACWA Power stock analysis based on RSI indicator
    ACWA Power - RSI Indicator

    • The RSI line has rebounded from oversold territory, generating a bullish signal and suggesting a possible buying opportunity.

  • Conclusion - Tadawul 2082 : ACWA Power Stock Price Forcast

    Based on our Saudi trading advice, ACWA Power stock price target will be SAR 400 - SAR 420 in the next 14-16 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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