Tadawul 4142 - Riyadh Cables Group - STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 95 – 98 |
| Target | 108 – 111 |
| StopLoss* | below 90 |
| Duration | 14 – 15 Trading Days |
| Potential Returns | 15 – 17% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 95 – 98 | 108 – 111 | below 90 | 14 – 15 Trading Days | 15 – 17% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 4142 - Riyadh Cables Group - STOCK OVERVIEW
Riyad Cable Group Company produces and deals with electrical transmitters, telecommunication cables and various kind of cables with in middle east and all over the world. The company works in four segment – 1) production 2) sales of various cables 3) maintenance and 4) project works. The Group produces low voltage, medium, high and super voltage electrical cables and wires manufactured from copper or aluminum. Inside and outside of the KSA, this Group works on High Voltage (HV) electrical projects. This company also engages in construction and maintenance of industrial buildings and production lines.
| Stock Data | |
| TADAWUL Code | 4142 |
| Sectoral Index | Capital Goods |
| 52 Weeks High | 101 |
| 52 Weeks Low | 39.75 |
Tadawul 4142 - Riyadh Cables Group - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Riyadh Cables Group — TASI —
Tadawul 4142 - Riyadh Cables Group - Technical Analysis (Daily)
- We have witnessed the stock was forming ‘Higher highs and higher lows’, since the listing day in the daily time frame, which is a positive sign as per ‘Dow Theory’.
- There is a short pullback can be observed in the chart in July’23, which can be considered very healthy for any up trending stock.
- By making Rounding Bottom chart patters the stock continues to hold the trend.
- There also a Ascending Triangle pattern can be seen in the daily chart, which gives us a indication that the stock is going to make new highs.
- After the breakout of the Triangle pattern the stock retraces its previous resistance level and continues moving upside.
- If we give a look at the entire chart, we can observe a very positive thing. The stock never breaks its previous low from the very beginning. Somewhere this activity proves smart money is coming in.
Tadawul 4142 - Riyadh Cables Group - MA Crossover
- We can observe that the short-term Moving Average (10), crossed over the longer-term Moving Average (20), which gives a strong bullish signal. This is also known as a “Golden Cross” and indicates a potential upmove further.
Tadawul 4142 - Riyadh Cables Group - ADX
- Increasing ADX values above 20, indicates the strength of the trend in either side. Along with the rising ADX, and the +DI is above (or crossing) -DI indicating the long trade should be favoured.
Tadawul 4142 - Riyadh Cables Group - Bollinger Bands
- The price is continuously hugging the upper band since Dec’23 and sometimes exceeded and took support above it. This signifies, the stock is in a strong uptrend.
CONCLUSION -TADAWUL 4142 - Riyadh Cables Group STOCK PRICE FORECAST
Based on our swing stock trading advice in Saudi Arabia, Riyadh Cables Group share price target will be SAR 108 – SAR 111 in the next 14-15 trading sessions.
TADAWUL 4142- Riyadh Cables Group - TRADINGVIEW POSITION UPDATE
اشتر كابلات الرياض by NaranjCapital on TradingView.com
TADAWUL 4142- Riyadh Cables Group TRADING ADVICE On Social Media
💡 توصية السهم اليوم: كابلات الرياض - #تداول : 4142
— Naranj Capital نارانج كابيتال (@NaranjCapital) January 17, 2024
📈 شكل السهم نمطًا مستطيلًا منذ بداية عام 2024، ومؤخرًا تؤكد شمعة الابتلاع الصعودي أثناء اختراق النمط أن الثور قد تولى مسؤولية حركة سعر الورقة المالية
⬅ لمشاهدة التحليل كاملاً، قم بزيارة موقعنا، الرابط المذكور في البايو.… pic.twitter.com/foBwQcRvxc
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