Tadawul trade advice (C): Saudi health care equipment & service stock | 7-11% gain | KSA stock trading picks on 4 Mar 2024

Stock Market

Tadawul, Saudi Arabia

Stoploss reached. Trade closed.

4 days
7 Mar 2024
4 Mar 2024
Loss per
100,000 SAR
4 days
-4,364
Stop-loss
7 Mar 2024
26.3
Buy Advice
4 Mar 2024
27.5 – 28.5
Target 1
30.5
Target 2
31.5
Profit per
100,000 SAR
-4,364
26.3
27.5 – 28.5
30.5
31.5
4 days
7 Mar 2024
4 Mar 2024
Loss per
100,000 SAR
4 days
-4,364
Stop-loss
7 Mar 2024
26.3
Buy Advice
4 Mar 2024
27.5 – 28.5
Target 1
30.5
Target 2
31.5
Profit per
100,000 SAR
-4,364
26.3
27.5 – 28.5
30.5
31.5
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • AYYAN Investment
  • 27.5 – 28.5
  • 30.5 – 31.5
  • Below 26.3
  • 7% - 11%
  • 8 - 10 Days
  • Buy AYYAN Investment
  • Buy
    Range
    27.5 – 28.5
  • Target 30.5 – 31.5
  • Stoploss Below 26.3
  • Upside
    Potential
    7% - 11%
  • 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 2140 : AYYAN Investment - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 2140
  • AYYAN
  • Health Care Equipment & Service
  • 29.2
  • 12.7
  • Tadawul code 2140
  • Stock Name AYYAN
  • Sector Health Care Equipment & Service
  • 52 Weeks High 29.2
  • 52 Weeks Low 12.7
  • Company profile

    The Ayaan Investment Company’s objective is to invest in various development initiatives, encompassing both industrial and service sectors. These projects can be undertaken independently or in collaboration with local or international entities. The primary aims are as follows:
    Actively contribute to the advancement of industrial development.
    Promote import substitution and expand global market reach for products.
    Establish new industries incorporating cutting-edge technology, either through sole ownership or partnership with international companies.
    Develop projects that enhance the company’s assets and yield profitable returns on investment.
    Foster the growth of skilled national professionals capable of assuming leadership roles.
    Provide comprehensive support and advisory services to the factories and companies established by the company.

  • Tadawul 2140 : AYYAN Investment vs TASI - Relative Strength Comparison

    The image showcases AYYAN Investment's 1-year performance relative to TASI.
    Relative Performance - Last 1 Year
    AYYAN —   TASI —

  • Tadawul 2140 : AYYAN Investment - Technical Analysis (Daily)

    AYYAN Investment - Technical Analysis chart on Daily Price and Volume
    AYYAN Investment - Technical Analysis chart on Daily Price and Volume

    •  The price was in a strong downtrend since June’23 and was forming Lower Highs and Lows.
    • A Rounding Bottom Pattern can be observed at the chart, in which the price had consolidated for a period.
    • Volume was completely dried out in this phase.
    • With a Ascending Triangle pattern price indicated the trend was going to change.
    • After the breakout of the Rounding Bottom pattern, price reached to 19 level and consolidated there for a while.
    • With a strong breakout price confirms that the consolidation phase is over.
    • After that, a sharp upmove has taken the price to the 27 level.
    • A bullish Pole and Flag pattern has been formed, which indicates that the trend will be continued.
    • Volume has also becomes very high in recent days.
    • With a fresh breakout price further moving upside.
  • Tadawul 2140 : AYYAN Investment - MACD Indicator

    AYYAN Investment stock analysis based on MACD indicator
    AYYAN Investment - MACD indicator

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

  • Tadawul 2140 : AYYAN Investment - ADX & DI Indicator

    AYYAN Investment stock analysis based on ADX & DI indicator
    AYYAN Investment - 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 2140 : AYYAN Investment - Bollinger Bands

    AYYAN Investment stock analysis based on Bollinger Bands
    AYYAN Investment s- Bollinger Bands

    • From Nov’23, price is continuously hugging the upper band and sometimes exceeded the upper band, which indicates the momentum is with the buyers.

  • Conclusion - Tadawul 2140 : AYYAN Investment Stock Price Forcast

    Based on our Saudi Tadawul Stocks Advice, AYYAN Investment stock price target will be SAR 30.5 - SAR 31.5 in the next 08-10 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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