- Naranj Research Desk
Wafrah for Industry and Development Company, founded in 1989 and based in Riyadh, produces and markets a wide range of food products in Saudi Arabia. Its operations span pasta, vegetables, breakfast cereals, and meat products, including items like corn flakes, peanuts, macaroni, burgers, and French fries. The company also processes dates and produces animal feed. Its popular brands include Wafrah, Macolate, Caprini, Saudi Garden, and Aghsan. Formerly known as Food Products Company, it adopted its current name in 2014.
WAFRAH — TASI —
Current RSI of this stock is 73.14, which indicates the strength of buyers.
MACD line has crossed the signal line from the below, generates bullish signal.
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.
Based on our trading tips for Saudi Tadawul stocks, Wafrah for Industry and Development stock price target will be SAR 30 - SAR 30.2 in the next 14-15 trading sessions.
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