Tadawul trade advice (B): Saudi consumer durables & apparel stock | 4-6% gain | KSA stock trading idea on 25 Nov 2024

Stock Market

Tadawul, Saudi Arabia

NASEEJ 1213

3 days
27 Nov 2024
25 Nov 2024
Loss per
100,000 SAR
3 days
2174
Stop-loss
27 Nov 2024
90
Buy Advice
25 Nov 2024
92 - 94
Target 1
98
Target 2
100
Profit per
100,000 SAR
2174
90
92 - 94
98
100
3 days
27 Nov 2024
25 Nov 2024
Loss per
100,000 SAR
3 days
2174
Stop-loss
27 Nov 2024
90
Buy Advice
25 Nov 2024
92 - 94
Target 1
98
Target 2
100
Profit per
100,000 SAR
2174
90
92 - 94
98
100
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Naseej International Trading
  • 92 - 94
  • 98 - 100
  • Below 90
  • 4% - 6%
  • 14 - 15 Days
  • Buy Naseej International Trading
  • Buy
    Range
    92 - 94
  • Target 98 - 100
  • Stoploss Below 90
  • Upside
    Potential
    4% - 6%
  • 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 1213 : Naseej International Trading - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 1213
  • Naseej
  • Consumer Durables & Apparel
  • 95
  • 47.4
  • Tadawul code 1213
  • Stock Name Naseej
  • Sector Consumer Durables & Apparel
  • 52 Weeks High 95
  • 52 Weeks Low 47.4
  • Company profile

    Naseej International Trading company’s primary focus lies in the manufacturing, wholesale, and retail of various goods including carpets, rugs, floors, furniture, antiques, wooden and metal blinds, office furniture, kitchens, blankets, bedspreads, curtain fabrics, accessories, and artificial turf. To streamline its operations, the company is divided into three main activities: Industrial activity, Commercial activity, and Investment activity. The Industrial activity involves the production of various products, while the Commercial activity encompasses the wholesale and retail aspects of the company’s product offerings. Lastly, the Investment activity is responsible for engaging in investment activities. The company effectively distributes and sells its wide range of products both within the local market and beyond.

  • Tadawul 1213 : Naseej International Trading vs TASI - Relative Strength Comparison

    Naseej's performance vs TASI: a 1-year comparison.
    Relative Performance - Last 1 Year
    NASEEJ —   TASI —

  • Tadawul 1213 : Naseej International Trading - Technical Analysis (Daily)

    Naseej International Trading - Technical Analysis chart on Daily Price and Volume
    Naseej International Trading - Technical Analysis chart on Daily Price and Volume

    • Following a period of increase, the stock price has transitioned into a consolidation phase.
    • During this interval, it has formed a bullish Pole & Flag pattern, and following a recent breakout, the price has seen a notable rise.
    • It is anticipated that this upward trend will continue, driving the price to higher levels.
  • Tadawul 1213 : Naseej International Trading - RSI

    Naseej International Trading stock analysis based on RSI indicator
    Naseej International Trading - RSI Indicator

    • Current RSI of this stock is 61.37, which indicates the strength of buyers.

  • Tadawul 1213 : Naseej International Trading - MACD Indicator

    Naseej International Trading stock analysis based on MACD indicator
    Naseej International Trading - MACD Indicator

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

  • Tadawul 1213 : Naseej International Trading - EMA Crossover

    Naseej International Trading stock analysis based on EMA Crossover
    Naseej International Trading - EMA Crossover

    • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 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.

  • Conclusion - Tadawul 1213 : Naseej International Trading Stock Price Forcast

    Based on our short term trading advice for Saudi Tadawul, Naseej International Trading stock price target will be SAR 98 - SAR 100 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.

    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