Tadawul 2330 : Advanced Petrochemical - STOCK RECOMMENDATION
Idea | BUY |
Buy Range | 80.5 – 82 |
Target | 86 – 87 |
StopLoss* | below 76.5 |
Duration | 12-14 Trading Days |
Potential Returns | 5 – 6% |
Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
BUY | 44.3 – 44.9 | 47.7 – 48.2 | below 42.6 | 12-14 Trading Days | 6 – 7% |
* Once the first target hit, reset the StopLoss at your buying price.
Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview and Social Media. Be assured such records are permanent and irreversible.
Tadawul 2330 : Advanced Petrochemical - STOCK OVERVIEW
Advanced Petrochemical is engaged in the manufacture and sale of polypropylene. In May 2005, Advanced started the construction of its integrated petrochemical plants, located in Jubail Industrial City in the Eastern Province of the Kingdom of Saudi Arabia, which started its commercial production from its polypropylene facility on the March 03, 2008. The integrated plant is designed to produce 455,000 tons per year of propylene and 450,000 tons per year of polypropylene (nameplate capacities) from its production facility.
Stock Data | |
TADAWUL Code | 2330 |
Sectoral Index | Materials |
52 Weeks High | 46 |
52 Weeks Low | 43.7 |
Tadawul 2330 : Advanced Petrochemical - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Advanced Petrochemical — TASI —
Tadawul 2330 : Advanced Petrochemical - TECHNICAL ANALYSIS (DAILY)
- After a deep downfall, price took support at around 36 level.
- After that, the price started making higher highs and lows slowly.
- In last few trading sessions, the volume has become impressively high.
- With a strong breakout, price is further going upside.
- We can expect the price to move upside further and make new highs.
Tadawul 2330 : Advanced Petrochemical - Directional Movement Indicator
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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 2330 : Advanced Petrochemical - MACD
- MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.
Tadawul 2330 : Advanced Petrochemical - RSI
- Current RSI of this stock is 77.15, which indicates the strength of buyers.
CONCLUSION - Tadawul 2330 : Advanced Petrochemical STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, Advanced Petrochemical stock price target will be SAR 47.7 – SAR 48.2 in the next 12-14 trading sessions.
Tadawul 2330 : Advanced Petrochemical - TRADINGVIEW POSITION UPDATE
Follow Tadawul 2330 : Advanced Petrochemical TRADING ADVICE On Social Media
1. 📈 اشتر المتقدمة
— Naranj Capital نارانج كابيتال (@NaranjCapital) April 16, 2024
داول : 2330
● أفضل نطاق الشراء: 44.3 - 44.9
● هدف البيع: 47.7 - 48.2
● وقف الخسارة: أقل من 42.6
● العائد المحتمل: 6% - 7%
🗓️ فترة الاحتفاظ بالتجارة التقريبية- 12-14 يوم
2. 📈 اشتر كهرباء السعودية
داول : 5110
● أفضل نطاق الشراء: 19.8 - 20.2
● هدف… pic.twitter.com/lVCmc7MwUf