Tadawul trade advice (C): Saudi real estate stock | 5-6% gain | KSA stock trading idea on 16 Apr 2024

Tadawul 4090 : Taiba Investments vs TASI - Relative Strength Comparison

Tadawul 4090 : Taiba Investments - Technical Analysis (Daily)

• In a deep consolidation phase, price has formed a Double Bottom pattern.
• After the breakout, price has given a sharp upside rally.
• There is a bullish Pennant pattern has been formed at the chart, which is a very positive indication.
• With a strong breakout, price is moving upside further and it is expected that this trend will continue.

Tadawul 4090 : Taiba Investments - RSI Indicator

• Current RSI of this stock is 78.76, which indicates the strength of buyers.

Tadawul 4090 : Taiba Investments - 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 4090 : Taiba Investments - 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 4090 : Taiba Investments Stock Price Forcast

Based on our stock recommendations for Saudi Tadawul, Taiba Investments stock price target will be SAR 43 - SAR 43.5 in the next 12-14 trading sessions.