Tadawul 1212 : Astra Industrial Group - STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 178 – 182 |
| Target | 190 – 192 |
| StopLoss* | below 173 |
| Duration | 12-14 Trading Days |
| Potential Returns | 4% – 5% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 178 – 182 | 190 – 192 | below 173 | 12-14 Trading Days | 4% – 5% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 1212 : Astra Industrial Group - STOCK OVERVIEW
Astra Industrial Group is headquartered in Riyadh, Saudi Arabia. The company engages in the production, marketing and distribution of medicine and pharmaceutical products, polymer compounds, plastic additives, color concentrates and other plastic products, pre-engineered steel buildings and steel structures in Saudi Arabia and abroad. Astra Industries focuses on three areas of activities in energy sector; power generation, distribution and substations and power rental.
Astra Farms is engaged in production of fruits, vegetables, flowers, quails, poultry, dairy and processed food.
Astra Grains: primarily located in Jeddah and is engaged in the general trading of food commodities, such as nuts, pulses, spices, edible oils, coffee, rice and more.
Astra Commercial: serves the North Western part of Saudi Arabia. This branch is engaged in the retail and wholesale business of grocery items, bakery, gas station. Apart from these Astra Industries also engaged in the services of mining, financial services and investment, education & healthcare, real estate and hospitality, media and telecommunication.
The group subsidiaries conduct their businesses inside and outside Kingdom of Saudi Arabia.
| Stock Data | |
| TADAWUL Code | 1212 |
| Sectoral Index | Capital Goods |
| 52 Weeks High | 193.8 |
| 52 Weeks Low | 114.6 |
Tadawul 1212 : Astra Industrial Group - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Astra Industrial — TASI —
Tadawul 1212 : Astra Industrial Group - TECHNICAL ANALYSIS (DAILY)
- The stock reached a record peak close to the 90.6 level before experiencing a decline and entering an extended phase of consolidation.
- A Symmetrical Triangle pattern has formed, and with a new breakout, the price is set for considerable upward movement.
Tadawul 1212 : Astra Industrial Group - RSI
- Current RSI of this stock is 60.93, which indicates the strength of buyers.
Tadawul 1212 : Astra Industrial Group - 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 1212 : Astra Industrial Group - MACD
- MACD line has just crossed the signal line from the below, generates bullish signal.
CONCLUSION - Tadawul 1212 : Astra Industrial Group STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, Astra Industrial Group stock price target will be SAR 190 – SAR 192 in the next 12-14 trading sessions.
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