Tadawul trade advice (C): Saudi insurance stock | 8-10% gain | KSA stock trading idea on 22 Jul 2024

Stock Market

Tadawul, Saudi Arabia

Stoploss reached. Trade closed.

GULF UNION ALAHLIA 8120

7 days
31 Jul 2024
22 Jul 2024
Loss per
100,000 SAR
7 days
-3,659
Stop-loss
31 Jul 2024
79
Buy Advice
22 Jul 2024
85.5 – 87
Target 1
92.5
Target 2
94
Profit per
100,000 SAR
-3,659
79
85.5 – 87
92.5
94
7 days
31 Jul 2024
22 Jul 2024
Loss per
100,000 SAR
7 days
-3,659
Stop-loss
31 Jul 2024
79
Buy Advice
22 Jul 2024
85.5 – 87
Target 1
92.5
Target 2
94
Profit per
100,000 SAR
-3,659
79
85.5 – 87
92.5
94
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Gulf Union Alahlia Cooperative Insurance
  • 85.5 – 87
  • 92.5 – 94
  • Below 79
  • 8 – 10%
  • 12 - 14 Days
  • Buy Gulf Union Alahlia Cooperative Insurance
  • Buy
    Range
    85.5 – 87
  • Target 92.5 – 94
  • Stoploss Below 79
  • Upside
    Potential
    8 – 10%
  • 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 8120 : Gulf Union Alahlia Cooperative Insurance - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 8120
  • Gulf Union Alahlia
  • Insurance
  • 25.7
  • 10.82
  • Tadawul code 8120
  • Stock Name Gulf Union Alahlia
  • Sector Insurance
  • 52 Weeks High 25.7
  • 52 Weeks Low 10.82
  • Company profile

    Gulf Union Alahlia Cooperative Insurance Company operates in the Kingdom of Saudi Arabia, providing a wide range of insurance products and services. The company is divided into segments, including Medical, Motor, Property and Casualty, and Protections and Savings. Its offerings include insurance for motor vehicles, outpatient clinic treatments, property, marine cargo, engineering, burglary, liability (general, employers’, public, and products), workmen’s compensation, fidelity guarantee, money, group life and accident, as well as reinsurance products. Founded in 1983, the company’s headquarters are located in Dammam, Kingdom of Saudi Arabia.

  • Tadawul 8120 : Gulf Union Alahlia Cooperative Insurance vs TASI - Relative Strength Comparison

    The image showcases Gulf Union Alahlia Cooperative Insurance's 1-year performance relative to TASI.
    Relative Performance - Last 1 Year
    GULF UNION ALAHLIA —   TASI —

  • Tadawul 8120 : Gulf Union Alahlia Cooperative Insurance - Technical Analysis (Daily)

    Gulf Union Alahlia Cooperative Insurance - Technical Analysis chart on Daily Price and Volume
    Gulf Union Alahlia Cooperative Insurance - Technical Analysis chart on Daily Price and Volume

     

    • The stock is clearly on an upward trajectory.
    • During this upward movement, the stock price previously took the shape of an Ascending Triangle pattern.
    • After breaking out, the stock price rose but then faced resistance and fell.
    • Subsequently, there was a period of consolidation leading to the formation of a Rounding Bottom pattern.
    • With another breakout, the stock price consolidated in the form of a Rectangle pattern.
    • After breaking out again, the stock price surged and formed a Triple Top pattern.
    • Following the break of the neckline, we witnessed a decline in the price.
    • The stock is holding onto its trendline support, bouncing off that level and currently moving upwards with a significant increase in volume.

     

  • Tadawul 8120 : Gulf Union Alahlia Cooperative Insurance - RSI Indicator

    Gulf Union Alahlia Cooperative Insurance stock analysis based on RSI indicator
    Gulf Union Alahlia Cooperative Insurance - RSI indicator

    • Current RSI of this stock is 69.55, which indicates the strength of buyers.

  • Tadawul 8120 : Gulf Union Alahlia Cooperative Insurance - ADX & DI Indicator

    Gulf Union Alahlia Cooperative Insurance stock analysis based on ADX & DI indicator
    Gulf Union Alahlia Cooperative Insurance - 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 8120 : Gulf Union Alahlia Cooperative Insurance - MACD Indicator

    Gulf Union Alahlia Cooperative Insurance stock analysis based on MACD indicator
    Gulf Union Alahlia Cooperative Insurance - MACD indicator

    • MACD line has crossed the signal line from the below, generates bullish signal.

  • Conclusion - Tadawul 8120 : Gulf Union Alahlia Cooperative Insurance Stock Price Forcast

    Based on our trading tips for Saudi Tadawul stocks, Gulf Union Alahlia Cooperative Insurance stock price target will be SAR 92.5 - SAR 94 in the next 12-14 trading sessions.

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