Tadawul trade advice (B): Saudi materials stock | 4-5% gain | KSA stock trading signal on 9 Dec 2024

Stock Market

Tadawul, Saudi Arabia

Target hit. Trade closed.

9 Dec 2024
27 Jan 2025
27 Jan 2025
30 days
Loss per
100,000 SAR
Stop-loss
22.85
Buy Advice
9 Dec 2024
24 - 24.5
Target 1
27 Jan 2025
25.5
Target 2
27 Jan 2025
25.75
Profit per
100,000 SAR
30 days
6250
22.85
24 - 24.5
25.5
25.75
6250
9 Dec 2024
27 Jan 2025
27 Jan 2025
30 days
Loss per
100,000 SAR
Stop-loss
22.85
Buy Advice
9 Dec 2024
24 - 24.5
Target 1
27 Jan 2025
25.5
Target 2
27 Jan 2025
25.75
Profit per
100,000 SAR
30 days
6250
22.85
24 - 24.5
25.5
25.75
6250
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Yanbu Cement
  • 24 - 24.5
  • 25.5 - 25.75
  • Below 22.85
  • 4% - 5%
  • 12-14 Days
  • Buy Yanbu Cement
  • Buy
    Range
    24 - 24.5
  • Target 25.5 - 25.75
  • Stoploss Below 22.85
  • Upside
    Potential
    4% - 5%
  • 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 3060 : Yanbu Cement - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 3060
  • Yanbu Cement
  • Materials
  • 36.1
  • 22.3
  • Tadawul code 3060
  • Stock Name Yanbu Cement
  • Sector Materials
  • 52 Weeks High 36.1
  • 52 Weeks Low 22.3
  • Company profile

    Yanbu Cement Company, along with its subsidiaries, specializes in the production, manufacturing, and trading of cement and related products both within the Kingdom of Saudi Arabia and on an international scale. The company provides a variety of cement types, including ordinary Portland, Pozzolana Portland, hydraulic, and sulphate-resistant options. Additionally, it engages in the production and wholesale distribution of cement paper, as well as the sale of packaged and bulk cement, along with cement bags. Established in 1977, Yanbu Cement Company is based in Jeddah, Saudi Arabia.

  • Tadawul 3060 : Yanbu Cement vs TASI - Relative Strength Comparison

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

  • Tadawul 3060 : Yanbu Cement - Technical Analysis (Daily)

    Yanbu Cement - Technical Analysis chart on Daily Price and Volume
    Yanbu Cement - Technical Analysis chart on Daily Price and Volume

    • A significant pullback has caused the price to drop back to its trendline support level.
    • An Inverted Head & Shoulders pattern has formed, and following a recent breakout, the price is poised for a robust recovery.
  • Tadawul 3060 : Yanbu Cement - RSI Indicator

    Yanbu Cement stock analysis based on RSI indicator
    Yanbu Cement - RSI Indicator

    • Current RSI of this stock is 74.10, which indicates the strength of buyers.

  • Tadawul 3060 : Yanbu Cement - MACD Indicator

    Yanbu Cement stock analysis based on MACD indicator
    Yanbu Cement - MACD Indicator

    • 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.

  • Conclusion - Tadawul 3060 : Yanbu Cement Stock Price Forcast

    Based on our saudi stocks trading signals, Yanbu Cement stock price target will be SAR 25.5 - SAR 25.75 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.

    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.

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