- research@naranjcapital.com
- 🇸🇦 Saudi Stock Market
- 🇺🇸 USA Stock Market
The National Shipping Company of Saudi Arabia, together with its subsidiaries, purchases, sells, and operates vessels for the transportation of cargo in the Kingdom of Saudi Arabia. The company operates in four segments: Transportation of Oil; Transportation of Chemicals; Logistics; and Transportation of Dry Bulk. It transports crude oil and petrochemical products; and provides technical ship management and logistics services. The company also engages in agency activities for maritime shipping companies; cargo clearance and coordination for transport and storage on-board vessels; and other marine transport activities. The National Shipping Company of Saudi Arabia was founded in 1978 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.
BAHRI —  TASI —
Current RSI of this stock is 67.97, 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 and a positive histogram chart is forming. This can be considered as a bullish signal.
Based on our short term trading of Saudi stocks, Bahri - National Shipping Company of KSA stock price target will be SAR 29.2 - SAR 29.6 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.
Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.
If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website
