Tadawul trade advice (B): Saudi consumer services stock | 7-9% gain | KSA stock trading idea on 22 Apr 2024

Stock Market

Tadawul, Saudi Arabia

Stoploss reached. Trade closed.

LEEJAM SPORTS 1830

15 days
22 Apr 2024
Loss per
100,000 SAR
15 days
-3,846
Stop-loss
200
Buy Advice
22 Apr 2024
208 – 215
Target 1
230
Target 2
235
Profit per
100,000 SAR
-3,846
200
208 – 215
230
235
15 days
22 Apr 2024
Loss per
100,000 SAR
15 days
-3,846
Stop-loss
200
Buy Advice
22 Apr 2024
208 – 215
Target 1
230
Target 2
235
Profit per
100,000 SAR
-3,846
200
208 – 215
230
235
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Leejam Sports
  • 208 – 215
  • 230 – 235
  • Below 200
  • 7% - 9%
  • 12 - 14 Days
  • Buy Leejam Sports
  • Buy
    Range
    208 – 215
  • Target 230 – 235
  • Stoploss Below 200
  • Upside
    Potential
    7% - 9%
  • 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 1830 : Leejam Sports - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 1830
  • Leejam Sports
  • Consumer Services
  • 246.6
  • 108.6
  • Tadawul code 1830
  • Stock Name Leejam Sports
  • Sector Consumer Services
  • 52 Weeks High 246.6
  • 52 Weeks Low 108.6
  • Company profile

    Leejam Sports Company, headquartered in Riyadh, Saudi Arabia, is the proprietor and overseer of sports and fitness facilities in the Kingdom of Saudi Arabia and the United Arab Emirates. The company predominantly runs 8 distinct brands, which encompass Fitness Time Plus catering to high-net-worth individuals, Fitness Time targeting business-class clientele, Fitness Time Pro offering an economical fitness center option for professionals, Fitness Time Ladies Express tailored specifically for women, Fitness Time Ladies, Fitness Time Ladies Pro, Fitness Time Ladies Plus, and Fitness Time Express. It manages around 148 fitness centers.

  • Tadawul 1830 : Leejam Sports vs TASI - Relative Strength Comparison

    The image highlights Leejam Sports performance over the last year versus TASI.
    Relative Performance - Last 1 Year
    LEEJAM SPORTS —   TASI —

  • Tadawul 1830 : Leejam Sports - Technical Analysis (Daily)

    Leejam Sports - Technical Analysis chart on Daily Price and Volume
    Leejam Sports - Technical Analysis chart on Daily Price and Volume

    • Price is in a strong uptrend, forming Higher Highs and Lows.
    • Every time after breakout, price consolidates for a period.
    • After making a high at near 247 level, price has made a correction and currently standing at its previous breakout zone which will act as a support zone.
    • A bullish marubozu candle has been formed at the breakout level, indicates that the price may go upside further.
  • Tadawul 1830 : Leejam Sports - EMA Crossover

    Leejam Sports stock analysis based on EMA Crossover
    Leejam Sports - EMA Crossover

    • The short length exponential moving average (5 EMA) is about to cross the long length exponential moving average (10 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Tadawul 1830 : Leejam Sports - OBV Indicator

    Leejam Sports stock analysis based on OBV indicator
    Leejam Sports - OBV indicator

    • The OBV line is moving in the same upward direction which means there is a positive sentiment in the market. Also the significant price up move accompanying with increasing OBV volume suggests strong buying pressure.

  • Conclusion - Tadawul 1830 : Leejam Sports Stock Price Forcast

    Based on our saudi stocks trading signals, Leejam Sports stock price target will be SAR 230 - SAR 235 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.

    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