Tadawul trade advice (C): Saudi materials stock | 5-7% gain | KSA stock trading idea on 30 Dec 2024

Stock Market

Tadawul, Saudi Arabia

Target hit. Trade closed.

30 Dec 2024
20 Jan 2024
20 Jan 2024
13 days
Loss per
100,000 SAR
Stop-loss
33
Buy Advice
30 Dec 2024
34 – 35
Target 1
20 Jan 2024
36.75
Target 2
20 Jan 2024
37.5
Profit per
100,000 SAR
13 days
10,294
33
34 – 35
36.75
37.5
10,294
30 Dec 2024
20 Jan 2024
20 Jan 2024
13 days
Loss per
100,000 SAR
Stop-loss
33
Buy Advice
30 Dec 2024
34 – 35
Target 1
20 Jan 2024
36.75
Target 2
20 Jan 2024
37.5
Profit per
100,000 SAR
13 days
10,294
33
34 – 35
36.75
37.5
10,294
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Yamama Cement
  • 34 – 35
  • 36.75 – 37.5
  • Below 33
  • 5% – 7%
  • 12 - 14 Days
  • Buy Yamama Cement
  • Buy
    Range
    34 – 35
  • Target 36.75 – 37.5
  • Stoploss Below 33
  • Upside
    Potential
    5% – 7%
  • 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 3020 : Yamama Cement - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 3020
  • YC
  • Materials
  • 37.15
  • 28.8
  • Tadawul code 3020
  • Stock Name YC
  • Sector Materials
  • 52 Weeks High 37.15
  • 52 Weeks Low 28.8
  • Company profile

    Yamama Cement Company is involved in the manufacturing, production, and trading of cement and its associated accessories, derivatives, and components within Saudi Arabia. The company provides a variety of cement types, including ordinary Portland, sulfate-resistant Portland, white and colored cement, oil-well cement, fast-setting Bozolani cement, and bacteriostatic cement, in addition to clinker. Established in 1956, the company is based in Riyadh, Saudi Arabia.

  • Tadawul 3020 : Yamama Cement vs TASI - Relative Strength Comparison

    The image compares Yamama Cement's 1-year performance to TASI.
    Relative Performance - Last 1 Year
    YC —   TASI —

  • Tadawul 3020 : Yamama Cement - Technical Analysis (Daily)

    Yamama Cement - Technical Analysis chart on Daily Price and Volume
    Yamama Cement - Technical Analysis chart on Daily Price and Volume

    • We have noticed numerous fluctuations in prices over time.
    • Following a period of consolidation, the stock price has developed an Inverted Head & Shoulders pattern.
    • With a recent breakout, the price is now trending upward.
  • Tadawul 3020 : Yamama Cement - RSI Indicator

    Yamama Cement stock analysis based on RSI indicator
    Yamama Cement - RSI Indicator

    • Current RSI of this stock is 64.31, which indicates the strength of buyers.

  • Tadawul 3020 : Yamama Cement - ADX & DI Indicator

    Yamama Cement stock analysis based on ADX & DI indicator
    Yamama Cement - 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 3020 : Yamama Cement - MACD Indicator

    Yamama Cement stock analysis based on MACD indicator
    Yamama Cement - MACD Indicator

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

  • Conclusion - Tadawul 3020 : Yamama Cement Stock Price Forcast

    Based on our short term trading tips for Saudi Tadawul, Yamama Cement stock price target will be SAR 36.75 - SAR 37.5 in the next 12-14 trading sessions.

  • Share with
    0 0 votes
    Article Rating
    Subscribe
    Notify of
    guest
    0 Comments
    Inline Feedbacks
    View all comments

    Join Our Telegram Channel for Saudi Stock Market Update

    Saudi Stock Analysis

    Thumbnail of Prime Trading Advice - Saudi Arabia
    Thumbnail of Prime Trading Advice - Saudi Arabia
    Thumbnail of Prime Trading Advice - Saudi Arabia
    Thumbnail of Prime Trading Advice - Saudi Arabia
    Thumbnail of Prime Trading Advice - Saudi Arabia
    Thumbnail of Prime Trading Advice - Saudi Arabia
    Thumbnail of Prime Trading Advice - Saudi Arabia
    Thumbnail of Prime Trading Advice - Saudi Arabia

    Join Our Telegram Channel for USA Stock Analysis Update

    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.

    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