- NaranJ2024
- 🇸🇦 Saudi Stock Market
- 🇺🇸 USA Stock Market
Allied Cooperative Insurance Group is headquartered in Riyadh, Saudi Arabia, operates in the cooperative insurance sector and engages in related activities within the Kingdom of Saudi Arabia. The company provides various insurance products, including medical, motor, property, engineering and contract works, and marine insurance. It also offers additional coverage options such as worker’s compensation, product liability, commercial general liability, and general accident insurance, which includes travel insurance. Furthermore, the company provides third-party liability and comprehensive motor retail and motor fleet insurance products. Additionally, Allied Cooperative Insurance Group offers general accident quota share and surplus, travel quota share, property quota share and surplus, and marine quota share and surplus.
ACIG —  TASI —
Current RSI of this stock is 68.19, 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.
MACD line is about to cross the signal line from the below, generates bullish signal.
Based on our trading signals of Saudi stock market, Allied Cooperative Insurance stock price target will be SAR 20.3 - SAR 20.5 in the next 10-12 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.
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
