- research@naranjcapital.com
Bank Aljazira, headquartered in Jeddah, Saudi Arabia, specializes in offering Shariah compliant banking solutions and services. Its operations are divided into several segments, namely Personal Banking, Corporate Banking, Treasury, Brokerage and Asset Management, and Others. The Personal Banking segment caters to the financial needs of individuals, providing a range of deposit, credit, and investment products. The Corporate Banking segment focuses on financing, deposits, and other credit solutions for corporate, small to medium-sized businesses, and institutional customers. The Treasury segment offers a comprehensive suite of money market, foreign exchange, trading, and treasury services. The Brokerage and Asset Management segment specializes in providing services for shares brokerage and asset management. The Others segment engages in various activities, including investing in associates, eliminating inter-segment income and expenses, and benefiting from gains on the sale of other real estate.
BJAZ —  TASI —
Current RSI of this stock is 69.94, which indicates the strength of buyers.
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.
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.
Based on our Saudi Tadawul stock trading advice, Bank Aljazira stock price target will be SAR 19.3 - SAR 19.6 in the next 14-15 trading sessions.
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.
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