Tadawul trade advice (C): Saudi insurance stock | 10-11% gain | KSA stock trading signal on 25 Mar 2024

Stock Market

Tadawul, Saudi Arabia

Target hit. Trade closed.

25 Mar 2024
28 Mar 2024
28 Mar 2024
3 days
Loss per
100,000 SAR
Stop-loss
37.2
Buy Advice
25 Mar 2024
39 - 40.2
Target 1
28 Mar 2024
43.8
Target 2
28 Mar 2024
44.5
Profit per
100,000 SAR
3 days
13,333
37.2
39 - 40.2
43.8
44.5
13,333
25 Mar 2024
28 Mar 2024
28 Mar 2024
3 days
Loss per
100,000 SAR
Stop-loss
37.2
Buy Advice
25 Mar 2024
39 - 40.2
Target 1
28 Mar 2024
43.8
Target 2
28 Mar 2024
44.5
Profit per
100,000 SAR
3 days
13,333
37.2
39 - 40.2
43.8
44.5
13,333
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • CHUBB Arabia Cooperative Insurance
  • 39 – 40.2
  • 43.8 – 44.5
  • Below 37.2
  • 10% - 11%
  • 10 - 12 Days
  • Buy CHUBB Arabia Cooperative Insurance
  • Buy
    Range
    39 – 40.2
  • Target 43.8 – 44.5
  • Stoploss Below 37.2
  • Upside
    Potential
    10% - 11%
  • 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 8240 : CHUBB Arabia Cooperative Insurance - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 8240
  • CHUBB
  • Insurance
  • 41
  • 16.4
  • Tadawul code 8240
  • Stock Name CHUBB
  • Sector Insurance
  • 52 Weeks High 41
  • 52 Weeks Low 16.4
  • Company profile

    Chubb Arabia Cooperative Insurance Co is a Saudi Arabia-based insurance provider serving clients in 54 countries and territories. Offering a range of insurance services, Chubb specializes in commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance. The company operates through distinct business divisions including Property insurance, Engineering, Motor insurance, Casualty, and Other classes. Property insurance covers fire, allied perils, and all property risks, while the Engineering segment offers coverage for Contractors All Risks (CAR), Erection All Risks (EAR), Machinery All Risks (MAR), and more. Motor insurance provides coverage for losses and liability pertaining to motor vehicles, excluding transport insurance. The Casualty segment covers areas such as loss of money, personal accidents, workmen’s compensation, travel, general third-party liability, and professional indemnity.

  • Tadawul 8240 : CHUBB Arabia Cooperative Insurance vs TASI - Relative Strength Comparison

    The image highlights CHUBB Arabia Cooperative Insurance's performance over the last year versus TASI.
    Relative Performance - Last 1 Year
    CHUBB —   TASI —

  • Tadawul 8240 : CHUBB Arabia Cooperative Insurance - Technical Analysis (Daily)

    CHUBB Arabia Cooperative Insurance - Technical Analysis chart on Daily Price and Volume
    CHUBB Arabia Cooperative Insurance - Technical Analysis chart on Daily Price and Volume

    • Price was consolidating in a range for a while.
    • In this consolidation phase, a Rounding Bottom pattern has been formed.
    • After the breakout, price has given a sharp upside rally and made a high at 39 level.
    • From there a sharp downfall has also been seen which took the price down to 30.8 level.
    • Instead of falling downside further, price started moving upside.
    • A fresh breakout, of the Rounding Bottom pattern can be seen at the chart.
    • Volume has become very high in recent days.
    • We can expect a upside move further if the price manages to sustain the breakout level.
  • Tadawul 8240 : CHUBB Arabia Cooperative Insurance - Stochastic Indicator

    CHUBB Arabia Cooperative Insurance stock analysis based on RSI indicator
    CHUBB Arabia Cooperative Insurance - RSI indicator

    • Current RSI of this stock is 61.37, which indicates the strength of buyers.

  • Tadawul 8240 : CHUBB Arabia Cooperative Insurance - MACD Indicator

    CHUBB Arabia Cooperative Insurance stock analysis based on MACD indicator
    CHUBB Arabia Cooperative Insurance - 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.

  • Tadawul 8240 : CHUBB Arabia Cooperative Insurance - EMA Crossover

    CHUBB Arabia Cooperative Insurance stock analysis based on EMA Crossover
    CHUBB Arabia Cooperative Insurance - EMA Crossover

    • The short length exponential moving average (10 EMA) has crossed the long length 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 8240 : CHUBB Arabia Cooperative Insurance Stock Price Forcast

    Based on our trading signals for Saudi Arabia, CHUBB Arabia Cooperative Insurance stock price target will be SAR 43.8 - SAR 44.5 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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