Tadawul 4220 : Emaar The Economic City - STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 8.1 – 8.3 |
| Target | 9 – 9.1 |
| StopLoss* | below 7.75 |
| Duration | 12-14 Trading Days |
| Potential Returns | 8% – 10% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 8.1 – 8.3 | 9 – 9.1 | below 7.75 | 12-14 Trading Days | 8% – 10% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 4220 : Emaar The Economic City - STOCK OVERVIEW
Emaar The Economic City is actively involved in the real estate development sector within various economic zones across Saudi Arabia. The company focuses primarily on the King Abdullah Economic City, where it undertakes a range of projects. Its activities include building infrastructure, marketing and selling land in development areas, leasing land, and constructing residential and commercial properties for other entities. Additionally, Emaar The Economic City manages the sale and lease of land and units for both residential and commercial use. The company also operates educational institutions, hotels, resorts, and leisure clubs, along with providing utilities and city management services. Established in 2006, Emaar The Economic City is headquartered in King Abdullah Economic City, Saudi Arabia.
| Stock Data | |
| TADAWUL Code | 4220 |
| Sectoral Index | Real Estate Mgmt & Dev’t |
| 52 Weeks High | 9.53 |
| 52 Weeks Low | 6.23 |
Tadawul 4220 : Emaar The Economic City - RELATIVE STRENGTH
Relative Performance - Last 1 Year
EMAAR EC — TASI —
Tadawul 4220 : Emaar The Economic City - TECHNICAL ANALYSIS (DAILY)
- The stock underwent a considerable decline before discovering support near the 6 level.
- Following a robust recovery, the price ascended to the 9.5 level, only to encounter a substantial rejection once more.
- Consequently, the stock price retraced and descended to its trendline support.
- Currently, a strong bullish candle at this support level indicates potential signs of a reversal.
Tadawul 4220 : Emaar The Economic City - RSI
- Current RSI of this stock is 60.93, which indicates the strength of buyers.
Tadawul 4220 : Emaar The Economic City - MACD
- MACD line has just crossed the signal line from the below, generates bullish signal.
Tadawul 4220 : Emaar The Economic City - 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 4220 : Emaar The Economic City STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, Emaar The Economic City stock price target will be SAR 9 – SAR 9.1 in the next 12-14 trading sessions.
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