Tadawul trade advice (B): Saudi consumer services stock | 11-13% gain | KSA stock trading picks on 19 Feb 2024

Stock Market

Tadawul, Saudi Arabia

Stoploss reached. Trade closed.

20 days
25 Mar 2024
19 Feb 2024
Loss per
100,000 SAR
20 days
-4,167
Stop-loss
25 Mar 2024
161
Buy Advice
19 Feb 2024
168 – 174
Target 1
186
Target 2
190
Profit per
100,000 SAR
-4,167
161
168 – 174
186
190
20 days
25 Mar 2024
19 Feb 2024
Loss per
100,000 SAR
20 days
-4,167
Stop-loss
25 Mar 2024
161
Buy Advice
19 Feb 2024
168 – 174
Target 1
186
Target 2
190
Profit per
100,000 SAR
-4,167
161
168 – 174
186
190
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • National Company for Learning & Education
  • 168 – 174
  • 186 – 190
  • Below 161
  • 11% - 13%
  • 15 - 18 Days
  • Buy National Company for Learning & Education
  • Buy
    Range
    168 – 174
  • Target 186 – 190
  • Stoploss Below 161
  • Upside
    Potential
    11% - 13%
  • Trade
    Duration
    15 - 18 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Tadawul 4291 : National Company for Learning & Education - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 4291
  • NCLE
  • Consumer Services
  • 175.8
  • 82
  • Tadawul code 4291
  • Stock Name NCLE
  • Sector Consumer Services
  • 52 Weeks High 175.8
  • 52 Weeks Low 82
  • Company profile

    The National Company for Learning & Education in Saudi Arabia, headquartered in Riyadh, is a prominent organization in the education sector. It engages in the ownership, establishment, management, and operation of private schools for providing educational services and resources to students and educators in the country. The company also invests in sports fields, entertainment, and student sports clubs.

  • Tadawul 4291 : National Company for Learning & Education vs TASI - Relative Strength Comparison

    The image showcases National Company for Learning & Education's 1-year performance relative to TASI.
    Relative Performance - Last 1 Year
    NCLE —   TASI —

  • Tadawul 4291 : National Company for Learning & Education - Technical Analysis (Daily)

    National Company for Learning & Education - Technical Analysis chart on Daily Price and Volume
    National Company for Learning & Education - Technical Analysis chart on Daily Price and Volume

    • As we can see, after a upside rally price had gone through a deep consolidation phase from June’23 to Jan’24. Bulls were restoring their strength for the next move.
    • During this period, price has formed a Rounding Bottom pattern, which is a strong bullish pattern.
    • After the breakout of this chart pattern, price has given a sharp upside rally of almost 43%.
    • Volume is also increasing significantly which indicates that the smart money is flowing in.
    • With a strong breakout price is currently trading at its All Time High. We might see a upmove above this level in coming days.
  • Tadawul 4291 : National Company for Learning & Education - Bollinger Bands

    National Company for Learning & Education stock analysis based on Bollinger Bands
    National Company for Learning & Education - Bollinger Bands

    • Price is continuously hugging and sometimes exceeded the upper band. This shows the upside momentum will be continued.

  • Tadawul 4291 : National Company for Learning & Education - ADX & DI Indicator

    National Company for Learning & Education stock analysis based on ADX & DI indicator
    National Company for Learning & Education - 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 4291 : National Company for Learning & Education Stock Price Forcast

    Based on our Saudi Stocks Trading Advice, National Company for Learning & Education stock price target will be SAR 186 - SAR 190 in the next 15-18 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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