Tadawul trade advice (B): Saudi capital goods stock | 8-10% gain | KSA stock trading idea on 16 Dec 2024

Date
December 16, 2024
Analysed By
research@naranjcapital.com
Stock Market
Tadawul, Saudi Arabia

Saudi Tadawul Trading Signals

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Saudi Cable Company
  • 88.8 - 92.5
  • 99.5 - 100
  • Below 85
  • 8% - 10%
  • 12-14 Days
  • Buy
    Saudi Cable Company
  • Buy
    Range
    88.8 - 92.5
  • Target
    99.5 - 100
  • Stoploss
    Below 85
  • Upside
    Potential
    8% - 10%
  • Trade
    Duration
    12-14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    Tadawul 2110 : Saudi Cable - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 2110
  • Saudi Cable
  • Capital Goods
  • 109.4
  • 55.5
  • Tadawul code 2110
  • Stock Name Saudi Cable
  • Sector Capital Goods
  • 52 Weeks High 109.4
  • 52 Weeks Low 55.5
  • Tadawul 2110 : Saudi Cable Company vs TASI - Relative Strength Comparison

    The image showcases Saudi Cable Company's 1-year performance relative to TASI.
    Relative Performance - Last 1 Year
    Saudi Cable —   TASI —

  • Tadawul 2110 : Saudi Cable Company - Technical Analysis (Daily)

    Saudi Cable company (tadawul 2110) - Technical Analysis chart on Daily Price and Volume
    Left Side: A technical analysis chart of the Saudi Cable company displaying symmetrical triangle upside breakout.
    Right Side: Inset view of the recent price action, displaying candlestick chart

    • Following a short period of consolidation, the price has formed a Symmetrical Triangle pattern.
    • Upon breaking out, the stock price experienced a notable ascent before retreating to the breakout level.
    • Now, after a successful retest, the stock is once again on an upward trajectory.
  • Tadawul 2110 : Saudi Cable Company - RSI Indicator

    Saudi Cable Company stock analysis based on RSI indicator
    Saudi Cable Company - Daily candlestick chart with RSI Indicator

    • Current RSI of this stock is 60.35, which indicates the strength of buyers.

  • Tadawul 2110 : Saudi Cable Company - ADX & DI Indicator

    Saudi Cable Company stock analysis based on ADX & DI indicator
    Saudi Cable Company - Daily candlestick chart with ADX & DI Indicator

    • 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.

  • Conclusion - Tadawul 2110 : Saudi Cable Company Stock Price Forcast

    Based on our swing trading advice for Saudi Tadawul, Saudi Cable company stock price target will be SAR 99.5 - SAR 100 in the next 12-14 trading sessions.

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