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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.
SAIC —  TASI —
Current RSI of this stock is 62.44, 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 trading advice, Saudi Advanced Industries stock price target will be SAR 48.5 - SAR 49 in the next 10-12 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.
Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.
If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website
