Tadawul trade advice (C): Saudi financial services stock | 5-7% gain | KSA stock trading signal on 13 May 2024

Stock Market

Tadawul, Saudi Arabia

Stoploss reached. Trade closed.

35 days
8 Jul 2024
13 May 2024
Loss per
100,000 SAR
35 days
-5,618
Stop-loss
8 Jul 2024
42
Buy Advice
13 May 2024
44.5 – 46
Target 1
48.5
Target 2
49
Profit per
100,000 SAR
-5,618
42
44.5 – 46
48.5
49
35 days
8 Jul 2024
13 May 2024
Loss per
100,000 SAR
35 days
-5,618
Stop-loss
8 Jul 2024
42
Buy Advice
13 May 2024
44.5 – 46
Target 1
48.5
Target 2
49
Profit per
100,000 SAR
-5,618
42
44.5 – 46
48.5
49
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Saudi Advanced Industries
  • 44.5 – 46
  • 48.5 – 49
  • Below 42
  • 5% - 7%
  • 10 - 12 Days
  • Buy Saudi Advanced Industries
  • Buy
    Range
    44.5 – 46
  • Target 48.5 – 49
  • Stoploss Below 42
  • Upside
    Potential
    5% - 7%
  • Trade
    Duration
    10 - 12 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Tadawul 2120 : Saudi Advanced Industries - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 2120
  • SAIC
  • Financial Services
  • 49.4
  • 24.66
  • Tadawul code 2120
  • Stock Name SAIC
  • Sector Financial Services
  • 52 Weeks High 49.4
  • 52 Weeks Low 24.66
  • Company profile

    The Saudi Advanced Industries company’s objective is to bring advanced technologies to the Kingdom through participation in the economic offset program and other industrial projects. SAIC has made investments in the following companies: A lSalam Aircraft Company Limited, Arabian Industrial Fibers Company (Ibn Rushd), Industrialization & Energy Services Company, Al Obeikan Glass Company (OGC), and Masar Alnumou Finance Company. This company headquatered in Riyadh, Saudi Arabia.

  • Tadawul 2120 : Saudi Advanced Industries vs TASI - Relative Strength Comparison

    The image highlights Saudi Advanced Industries performance over the last year versus TASI.
    Relative Performance - Last 1 Year
    SAIC —   TASI —

  • Tadawul 2120 : Saudi Advanced Industries - Technical Analysis (Daily)

    Saudi Advanced Industries - Technical Analysis chart on Daily Price and Volume
    Saudi Advanced Industries - Technical Analysis chart on Daily Price and Volume

    • Previously the price had formed a Double Bottom pattern.
    • After the breakout, price was consolidating and moving upwards very slowly.
    • From 34 level, price took a rejection and gave a downfall of about 28%.
    • Price found its support at near 24.7 level and started moving upside by making Higher Highs and Lows.
    • During this consolidation phase, a Rounding Bottom pattern has been formed.
    • After the breakout, price moved upside and made an All Time High at 49.4 level.
    • With a short pull back, price again moving upside.
    • With the increasing volume, we can expect a further upside move from the current level.
  • Tadawul 2120 : Saudi Advanced Industries - RSI Indicator

    Saudi Advanced Industries stock analysis based on RSI indicator
    Saudi Advanced Industries - RSI indicator

    • Current RSI of this stock is 62.44, which indicates the strength of buyers.

  • Tadawul 2120 : Saudi Advanced Industries - ADX & DI Indicator

    Saudi Advanced Industries stock analysis based on ADX & DI indicator
    Saudi Advanced Industries - 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 2120 : Saudi Advanced Industries - EMA Crossover

    Saudi Advanced Industries stock analysis based on EMA Crossover
    Saudi Advanced Industries - 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 2120 : Saudi Advanced Industries Stock Price Forcast

    Based on our Saudi trading advice, Saudi Advanced Industries stock price target will be SAR 48.5 - SAR 49 in the next 10-12 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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