Tadawul trade advice (D): Saudi health care equipment & service stock | 7-8% gain | KSA stock trading idea on 25 Mar 2024

Stock Market

Tadawul, Saudi Arabia

Target hit. Trade closed.

EQUIPMENT HOUSE 4014

2 days
26 Mar 2024
25 Mar 2024
Loss per
100,000 SAR
2 days
-3306
Stop-loss
26 Mar 2024
58.5
Buy Advice
25 Mar 2024
60.5 – 62
Target 1
65
Target 2
67
Profit per
100,000 SAR
-3306
58.5
60.5 – 62
65
67
2 days
26 Mar 2024
25 Mar 2024
Loss per
100,000 SAR
2 days
-3306
Stop-loss
26 Mar 2024
58.5
Buy Advice
25 Mar 2024
60.5 – 62
Target 1
65
Target 2
67
Profit per
100,000 SAR
-3306
58.5
60.5 – 62
65
67
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Scientific and Medical Equipment House
  • 60.5 – 62
  • 65 – 67
  • Below 58.5
  • 7% - 8%
  • 12 - 14 Days
  • Buy Scientific and Medical Equipment House
  • Buy
    Range
    60.5 – 62
  • Target 65 – 67
  • Stoploss Below 58.5
  • Upside
    Potential
    7% - 8%
  • 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 4014 : Scientific and Medical Equipment House - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 8313
  • Rasan
  • Insurance
  • 84.3
  • 40.7
  • Tadawul code 8313
  • Stock Name Rasan
  • Sector Insurance
  • 52 Weeks High 84.3
  • 52 Weeks Low 40.7
  • Company profile

    Scientific and Medical Equipment House in Saudi Arabia is a renowned establishment that specializes in providing scientific and medical equipment. It caters to a wide range of customers, providing maintenance and repair for medical devices, equipment and supplies including manpower, subcontractors for maintenance of specialized systems, spare parts and consumables. With a reputation for quality products and reliable services, Scientific and Medical Equipment House plays a crucial role in supporting scientific and medical advancements in Saudi Arabia.

  • Tadawul 4014 : Scientific and Medical Equipment House vs TASI - Relative Strength Comparison

    The image compares Equipment House's 1-year performance to TASI.
    Relative Performance - Last 1 Year
    EQUIPMENT HOUSE —   TASI —

  • Tadawul 4014 : Scientific and Medical Equipment House - Technical Analysis (Daily)

    Equipment House - Technical Analysis chart on Daily Price and Volume
    Equipment House - Technical Analysis chart on Daily Price and Volume

    • Price was in a deep consolidation phase from July’23.
    • In this phase, price has formed a Rounding Bottom pattern.
    • After the breakout of the pattern, price is consolidating above the breakout level.
    • Volume has also become very high in recent days.
    • We can expect a sharp move further if the price sustains this level.
  • Tadawul 4014 : Scientific and Medical Equipment House - RSI Indicator

    Equipment House stock analysis based on RSI Indicator
    Equipment House - RSI Indicator

    • The current RSI of the stock is 73.04, shows strength of buyers. RSI line is also in a uptrend, which is very positive signal.

  • Tadawul 4014 : Scientific and Medical Equipment House - ADX & DI Indicator

    Equipment House stock analysis based on ADX & DI indicator
    Equipment House - 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 4014 : Scientific and Medical Equipment House - MACD Indicator

    Equipment House stock analysis based on MACD Indicator
    Equipment House - MACD Indicator

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

  • Conclusion - Tadawul 4014 : Scientific and Medical Equipment House Stock Price Forcast

    Based on our trading signals of Saudi stock market, Scientific and Medical Equipment House stock price target will be SAR 65 - SAR 67 in the next 12-14 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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