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Saudi Vitrified Clay Pipes Company’s activity includes production, manufacture, import, export and sale of clay pipe, joints, fittings and the accessories. The factory started with 24,000 tons annual capacity, now it has reached 200,000 tons, producing vitrified clay pipes & fittings from DN 100 to DN 1200 and Jacking Pipes from DN 150 to DN 1000. SVCP is growing continuously in international markets, expanding from the G.C.C. to the whole Arab world markets, progressing eastward to Far East markets, and venturing westward to European markets.
SVCP —  TASI —
Current RSI of this stock is 66.67, 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 moving average (10 SMA) has crossed the long length moving average (20 SMA) 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 trading tips for Saudi Tadawul stocks, Saudi Vitrified Clay stock price target will be SAR 59 - SAR 60 in the next 14-15 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.
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