Buy National Shipping Company of Saudi Arabia | Tadawul 4030 | Naranj Capital

 BUY   National Shipping Company of Saudi Arabia (TADAWUL: 4030)

Tadawul 4030 : National Shipping Company of Saudi Arabia - STOCK RECOMMENDATION

Idea BUY
Buy Range 28.6 – 29
Target 30.3 – 30.5
StopLoss* below 27.8
Duration 12-14 Trading Days
Potential Returns 5% – 6%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 28.6 – 29 30.3 – 30.5 below 27.8 12-14 Trading Days 5% – 6%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

Tadawul 4030 : National Shipping Company of Saudi Arabia - STOCK OVERVIEW

The National Shipping Company of Saudi Arabia, founded in 1978, operates vessels for cargo transportation in the Kingdom of Saudi Arabia. It operates in four segments: Oil, Chemicals, Logistics, and Dry Bulk. The company provides technical ship management and logistics services, agency activities for maritime shipping companies, cargo clearance, and other marine transport activities. As of December 31, 2023, the company’s fleet consisted of 88 owned vessels and 10 under lease contract vessels, including 38 large crude-oil carriers, 36 tankers in the spot market, 6 tankers under charter agreements, 6 RoCon vessels for logistics, and 11 vessels for dry bulk transportation.

Stock Data
TADAWUL Code 4030
Sectoral Index Energy
52 Weeks High 30.3
52 Weeks Low 21.36

Tadawul 4030 : National Shipping Company of Saudi Arabia - RELATIVE STRENGTH

Tadawul 4030-National Shipping Company-Relative Strength

Relative Performance - Last 1 Year

National Shipping Company of Saudi Arabia —     TASI —

Tadawul 4030 : National Shipping Company of Saudi Arabia - TECHNICAL ANALYSIS (DAILY)

Tadawul 4030 : National Shipping Company of Saudi Arabia - Technical Analysis (Daily)
  • Once the stock broke below the wedge pattern, it entered a phase of consolidation and developed a Symmetrical Triangle.
  • After a significant surge in price, it experienced a sharp upward movement.
  • Subsequently, the stock went through another consolidation phase before evolving into a broadening pattern.
  • Recently, following a breakout, the stock has maintained its position above the breakout level and is in a current consolidation phase.
  • There is a strong belief that the price could initiate an upward rally from this level.

Tadawul 4030 : National Shipping Company of Saudi Arabia - RSI

Tadawul 4030 : National Shipping Company of Saudi Arabia - RSI
  • Current RSI of this stock is 60.81, which indicates the strength of buyers.

Tadawul 4030 : National Shipping Company of Saudi Arabia - ADX & DI

Tadawul 4030-National Shipping Company-ADX & DI
Tadawul 4030 : National Shipping Company of Saudi Arabia - 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.

Tadawul 4030 : National Shipping Company of Saudi Arabia - EMA Cross

Tadawul 4030 : National Shipping Company of Saudi Arabia - 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.

CONCLUSION - Tadawul 4030 : National Shipping Company of Saudi Arabia STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, National Shipping Company of Saudi Arabia stock price target will be SAR 30.3 – SAR 30.5 in the next 12-14 trading sessions.

Tadawul 4030 : National Shipping Company of Saudi Arabia - TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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