Tadawul trade advice (C): Saudi food & beverages stock | 4-5% gain | KSA stock trading idea on 9 Dec 2024

Stock Market

Tadawul, Saudi Arabia

Target hit. Trade closed.

9 Dec 2024
29 Jan 2025
29 Jan 2025
27 days
Loss per
100,000 SAR
Stop-loss
62
Buy Advice
9 Dec 2024
64 - 65.5
Target 1
29 Jan 2025
68
Target 2
29 Jan 2025
68.5
Profit per
100,000 SAR
27 days
7031
62
64 - 65.5
68
68.5
7031
9 Dec 2024
29 Jan 2025
29 Jan 2025
27 days
Loss per
100,000 SAR
Stop-loss
62
Buy Advice
9 Dec 2024
64 - 65.5
Target 1
29 Jan 2025
68
Target 2
29 Jan 2025
68.5
Profit per
100,000 SAR
27 days
7031
62
64 - 65.5
68
68.5
7031
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Naqi Water
  • 64 - 65.5
  • 68 - 68.5
  • Below 62
  • 4% - 5%
  • 12-14 Days
  • Buy Naqi Water
  • Buy
    Range
    64 - 65.5
  • Target 68 - 68.5
  • Stoploss Below 62
  • Upside
    Potential
    4% - 5%
  • 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 4150 : Arriyadh Development - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 2282
  • Naqi Water
  • Food & Beverages
  • 83
  • 57.6
  • Tadawul code 2282
  • Stock Name Naqi Water
  • Sector Food & Beverages
  • 52 Weeks High 83
  • 52 Weeks Low 57.6
  • Company profile

    Naqi Water Company specializes in the production and bottling of pristine filtered water within the Kingdom of Saudi Arabia. The company also engages in the wholesale distribution of bottled water, soft drinks, and juices, along with retailing beverages in specialized outlets. Furthermore, it handles land transportation of goods and is involved in the breeding and production of broiler breeder hens, managing hatcheries, and egg production. Established in 2014, Naqi Water Company is based in Unaizah, Saudi Arabia.

  • Tadawul 2282 : Naqi Water vs TASI - Relative Strength Comparison

    The image showcases Naqi Water's 1-year performance relative to TASI
    Relative Performance - Last 1 Year
    Naqi Water —   TASI —

  • Tadawul 2282 : Naqi Water - Technical Analysis (Daily)

    Naqi Water - Technical Analysis chart on Daily Price and Volume
    Naqi Water - Technical Analysis chart on Daily Price and Volume

    • The price has found solid support at the 60 level, and following a phase of consolidation, it has successfully surpassed its immediate resistance.
    • With a significant rise in trading volume, there is a strong belief that the price will maintain its upward momentum.
  • Tadawul 2282 : Naqi Water - RSI Indicator

    Naqi Water stock analysis based on RSI indicator
    Naqi Water - RSI Indicator

    • Current RSI of this stock is 74.64, which indicates the strength of buyers.

  • Tadawul 2282 : Naqi Water - ADX & DI Indicator

    Naqi Water stock analysis based on ADX & DI indicator
    Naqi Water - ADX & DI

    • 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 2282 : Naqi Water - MACD Indicator

    Naqi Water stock analysis based on MACD indicator
    Naqi Water - MACD Indicator

    • MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.

  • Conclusion - Tadawul 2282 : Naqi Water Stock Price Forcast

    Based on our short term trading advice for Saudi Tadawul, Naqi Water stock price target will be SAR 68 - SAR 68.5 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.

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