Tadawul 4322 : Retal Urban Development - STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 12.2 – 12.5 |
| Target | 13.2 – 13.5 |
| StopLoss* | below 11.5 |
| Duration | 10-12 Trading Days |
| Potential Returns | 7% – 8% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 12.2 – 12.5 | 13.2 – 13.5 | below 11.5 | 10-12 Trading Days | 7% – 8% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 4322 : Retal Urban Development - STOCK OVERVIEW
Retal Urban Development Company is a subsidiary of Al Fozan Holding Company, based in Al-Khobar, Saudi Arabia. It specializes in real estate construction, development, sales, rental, brokerage, management, and maintenance in the Kingdom of Saudi Arabia. The company manages residential and non-residential buildings, provides general contracting services, and manages construction projects. It also manages factories, shopping malls, and infrastructure construction projects. Retal Urban Development Company was incorporated in 2012 and is involved in various activities such as land purchase, sale, and general cleaning.
| Stock Data | |
| TADAWUL Code | 4322 |
| Sectoral Index | Real Estate Management |
| 52 Weeks High | 13.28 |
| 52 Weeks Low | 7.85 |
Tadawul 4322 : Retal Urban Development - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Retal Urban Development — TASI —
Tadawul 4322 : Retal Urban Development - TECHNICAL ANALYSIS (DAILY)
- The stock has undergone a prolonged consolidation phase in the weekly chart.
- Following a short-term downtrend, the price has established a Double bottom pattern and experienced an upward surge.
- Throughout this process, a Rounding Bottom pattern has developed, suggesting a potential continuation of the trend.
- There has been a notable breakout recently, signalling strong momentum in the price.
- Following the breakout, the stock price experienced an initial surge, but soon saw a brief pullback. This dip allowed the price to re-test the breakout zone, and it is now trending upward once again
Tadawul 4322 : Retal Urban Development - RSI
- Current RSI of this stock is 65.66, which indicates the strength of buyers.
Tadawul 4322 : Retal Urban Development - EMA Cross
- The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
Tadawul 4322 : Retal Urban Development - ADX & DI
- 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.
CONCLUSION - Tadawul 4322 : Retal Urban Development STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, Retal Urban Development stock price target will be SAR 13.2 – SAR 13.5 in the next 10-12 trading sessions.
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