Tadawul trade advice (B): Saudi banking stock | 4-5% gain | KSA stock trading idea on 20 Jan 2025

Stock Market

Tadawul, Saudi Arabia

Target hit. Trade closed.

20 Jan 2025
4 Mar 2024
4 Mar 2024
24 days
Loss per
100,000 SAR
Stop-loss
28.5
Buy Advice
20 Jan 2025
28.85 – 29.35
Target 1
4 Mar 2024
30.5
Target 2
4 Mar 2024
30.75
Profit per
100,000 SAR
24 days
6,066
28.5
28.85 – 29.35
30.5
30.75
6,066
20 Jan 2025
4 Mar 2024
4 Mar 2024
24 days
Loss per
100,000 SAR
Stop-loss
28.5
Buy Advice
20 Jan 2025
28.85 – 29.35
Target 1
4 Mar 2024
30.5
Target 2
4 Mar 2024
30.75
Profit per
100,000 SAR
24 days
6,066
28.5
28.85 – 29.35
30.5
30.75
6,066
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Riyad Bank
  • 28.85 – 29.35
  • 30.5 – 30.75
  • Below 28.5
  • 4% - 5%
  • 14 - 15 Days
  • Buy Riyad Bank
  • Buy
    Range
    28.85 – 29.35
  • Target 30.5 – 30.75
  • Stoploss Below 28.5
  • Upside
    Potential
    4% - 5%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Tadawul 1010 : Riyad Bank - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 1010
  • RIBL
  • Bank
  • 31.55
  • 23.88
  • Tadawul code 1010
  • Stock Name RIBL
  • Sector Bank
  • 52 Weeks High 31.55
  • 52 Weeks Low 23.88
  • Company profile

    Riyad Bank offers a range of banking and investment services in Saudi Arabia. Its operations include Retail Banking, Investment Banking and Brokerage, Corporate Banking, and Treasury and Investments. Retail Banking provides deposits, credit, and investment options for individuals and small to medium businesses. Corporate Banking focuses on current accounts, loans, and credit facilities. The Treasury and Investments segment handles money market activities and manages investment portfolios. Investment Banking and Brokerage offers asset management and securities services. Additionally, the bank provides credit cards, trade finance, payroll solutions, and various loan products, including personal and mortgage loans. It also engages in real estate transactions and insurance agency services, along with financial technology solutions. Riyad Bank has branches in Saudi Arabia, the UK, and the US, with a representative office in Singapore and ATMs. Established in 1957, its headquarters is in Riyadh, Saudi Arabia.

  • Tadawul 1010 : Riyad Bank vs TASI - Relative Strength Comparison

    The image showcases Riyad Bank's 1-year performance relative to TASI.
    Relative Performance - Last 1 Year
    RIBL —   TASI —

  • Tadawul 1010 : Riyad Bank - Technical Analysis (Daily)

    Riyad Bank - Technical Analysis chart on Daily Price and Volume
    Riyad Bank - Technical Analysis chart on Daily Price and Volume

    • After experiencing a drop from its peak, the stock price has entered a phase of consolidation.
    • Recently, it successfully broke through its trendline resistance, setting the stage for a potential upward movement.
  • Tadawul 1010 : Riyad Bank - RSI Indicator

    Riyadh Bank stock analysis based on RSI Indicator
    Riyadh Bank - RSI Indicator

    • Current RSI of this stock is 70.37, which indicates the strength of buyers.

  • Tadawul 1010 : Riyad Bank - ADX & DI Indicator

    Riyadh Bank stock analysis based on ADX & DI Indicator
    Riyadh Bank - 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.

  • Tadawul 1010 : Riyad Bank - MACD Indicator

    Riyad Bank stock analysis based on MACD Indicator
    Riyad Bank - MACD Indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

  • Conclusion - Tadawul 1010 : Riyad Bank Stock Price Forcast

    Based on our short term swing trading signals for Saudi Arabia, Riyad Bank stock price target will be SAR 30.5 - SAR 30.75 in the next 14-15 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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