Tadawul trade advice (B): Saudi food & beverages stock | 6-7% gain | KSA stock trading idea on 27 May 2024

Stock Market

Tadawul, Saudi Arabia

Target hit. Trade closed.

ALJOUF 6070

27 May 2024
12 Jun 2024
12 Jun 2024
12 days
Loss per
100,000 SAR
Stop-loss
61.5
Buy Advice
27 May 2024
63.5 – 64.5
Target 1
12 Jun 2024
68
Target 2
12 Jun 2024
69
Profit per
100,000 SAR
12 days
8,661
61.5
63.5 – 64.5
68
69
8,661
27 May 2024
12 Jun 2024
12 Jun 2024
12 days
Loss per
100,000 SAR
Stop-loss
61.5
Buy Advice
27 May 2024
63.5 – 64.5
Target 1
12 Jun 2024
68
Target 2
12 Jun 2024
69
Profit per
100,000 SAR
12 days
8,661
61.5
63.5 – 64.5
68
69
8,661
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Al-Jouf Agricultural Development
  • 63.5 – 64.5
  • 68 – 69
  • Below 61.5
  • 6% – 7%
  • 8 - 10 Days
  • Buy Al-Jouf Agricultural Development
  • Buy
    Range
    63.5 – 64.5
  • Target 68 – 69
  • Stoploss Below 61.5
  • Upside
    Potential
    6% – 7%
  • Trade
    Duration
    8 - 10 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Tadawul 6070 : Al-Jouf Agricultural Development - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 6070
  • Aljouf
  • Food & Beverages
  • 70.2
  • 42.45
  • Tadawul code 6070
  • Stock Name Aljouf
  • Sector Food & Beverages
  • 52 Weeks High 70.2
  • 52 Weeks Low 42.45
  • Company profile

    Al-Jouf Agricultural Development Co. engages in the production, sale, and marketing of agricultural products in the Kingdom of Saudi Arabia. The company offers sweet potatoes, dates, olive oil, and honey. It also engages in the palm and olive agriculture, as well as beekeeping activities. The company was founded in 1988 and is headquartered in Sakakah, the Kingdom of Saudi Arabia.

  • Tadawul 6070 : Al-Jouf Agricultural Development vs TASI - Relative Strength Comparison

    The image compares Aljouf's 1-year performance to TASI.
    Relative Performance - Last 1 Year
    ALJOUF —   TASI —

  • Tadawul 6070 : Al-Jouf Agricultural Development - Technical Analysis (Daily)

    Aljouf - Technical Analysis chart on Daily Price and Volume
    Aljouf - Technical Analysis chart on Daily Price and Volume

    • After a downtrend, price started forming higher highs and lows.
    • With a strong breakout, price has given a sharp up move and reached to its 52 week high at near 70 level.
    • With a short pull back, price is trying to move upside further.
    • Volume has also been increasing, which can be considered as a positive signal.
  • Tadawul 6070 : Al-Jouf Agricultural Development - RSI Indicator

    Aljouf stock analysis based on RSI indicator
    Aljouf - RSI indicator

    • Current RSI of this stock is 65.72, which indicates the strength of buyers.

  • Tadawul 6070 : Al-Jouf Agricultural Development - ADX & DI Indicator

    Aljouf stock analysis based on ADX & DI indicator
    Aljouf - 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 6070 : Al-Jouf Agricultural Development - MACD Indicator

    Aljouf stock analysis based on MACD indicator
    Aljouf - MACD indicator

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

  • Conclusion - Tadawul 6070 : Al-Jouf Agricultural Development Stock Price Forcast

    Based on our Saudi Stocks Trading Advice, Al-Jouf Agricultural Development stock price target will be SAR 68 - SAR 69 in the next 08-10 trading sessions.

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