Tadawul trade advice (D): Saudi Banks stock | 10-12% gain | KSA stock trading signal on 19 Feb 2024

Stock Market

Tadawul, Saudi Arabia

Stoploss reached. Trade closed.

4 days
3 May 2024
19 Feb 2024
Loss per
100,000 SAR
4 days
-2,154
Stop-loss
3 May 2024
15.9
Buy Advice
19 Feb 2024
16.25 - 16.6
Target 1
17.8
Target 2
18.3
Profit per
100,000 SAR
-2,154
15.9
16.25 - 16.6
17.8
18.3
4 days
3 May 2024
19 Feb 2024
Loss per
100,000 SAR
4 days
-2,154
Stop-loss
3 May 2024
15.9
Buy Advice
19 Feb 2024
16.25 - 16.6
Target 1
17.8
Target 2
18.3
Profit per
100,000 SAR
-2,154
15.9
16.25 - 16.6
17.8
18.3
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Saudi Investment Bank
  • 16.25 – 16.6
  • 17.8 – 18.3
  • Below 15.9
  • 10% - 12%
  • 15 - 16 Days
  • Buy Saudi Investment Bank
  • Buy
    Range
    16.25 – 16.6
  • Target 17.8 – 18.3
  • Stoploss Below 15.9
  • Upside
    Potential
    10% - 12%
  • Trade
    Duration
    15 - 16 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Tadawul 1030 : Saudi Investment Bank - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 1030
  • SAIB
  • Banks
  • 18.28
  • 14.22
  • Tadawul code 1030
  • Stock Name SAIB
  • Sector Banks
  • 52 Weeks High 18.28
  • 52 Weeks Low 14.22
  • Company profile

    Saudi Investment Bank, headquartered in Riyadh, Saudi Arabia is engaged in providing the investment and banking services. Established in 1976, Saudi Investment Bank offers a wide range of banking services including Retail Banking, Corporate Banking, Treasury and Investments, Asset Management and Brokerage, and Other. The Retail Banking division encompasses various credit offerings, including loans, deposits, and other credit products, catering to affluent individuals and consumers. On the other hand, the Corporate Banking sector focuses on providing loans, deposits, and other credit products to corporate entities, small to medium-sized businesses, and institutional customers. The Treasury and Investments segments specialize in money market activities, investments, treasury services, and investments in associates and related endeavors. Lastly, the Asset Management and Brokerage divisions revolve around the provision of dealing, managing, advising, and custody services for securities. With its strong presence in the Saudi market, this company has become a trusted banking partner for individuals and businesses alike.

  • Tadawul 1030 : Saudi Investment Bank vs TASI - Relative Strength Comparison

    The image highlights Saudi Investment Bank's performance over the last year versus TASI.
    Relative Performance - Last 1 Year
    SAIB —   TASI —

  • Tadawul 1030 : Saudi Investment Bank - Technical Analysis (Daily)

    Saudi Investment Bank - Technical Analysis chart on Daily Price and Volume
    Saudi Investment Bank - Technical Analysis chart on Daily Price and Volume

    • Price was going through a consolidation phase which was bearish in nature as many Lower Highs and Lows has been formed.
    • There is a trendline from the top can be observed from where price has got rejected for a many times.
    • But in the last trading session, price has given a clear breakout of this resistance line and sustaining above it. This indicates, somewhere buyers are taking interest.
    • We are expecting a sharp move above 18 level.
  • Tadawul 1030 : Saudi Investment Bank - RSI Indicator

    Saudi Investment Bank stock analysis based on RSI indicator
    Saudi Investment Bank - RSI Indicator

    • The current RSI of this stock is 64.42, which shows the strength of the buyers.

  • Tadawul 1030 : Saudi Investment Bank - MACD Indicator

    Saudi Investment Bank stock analysis based on MACD indicator
    Saudi Investment Bank - MACD Indicator

    • The MACD line has just crossed the signal line from the below and going upside, which generates a bullish signal.

  • Conclusion - Tadawul 1030 : Saudi Investment Bank Stock Price Forcast

    Based on our saudi stocks trading signals, Saudi Investment Bank stock price target will be SAR 17.8 - SAR 18.3 in the next 15-16 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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