Tadawul 2282 : Naqi Water - STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 78 – 80 |
| Target | 84 – 86 |
| StopLoss* | below 76.5 |
| Duration | 15-16 Trading Days |
| Potential Returns | 8 – 10% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 78 – 80 | 84 – 86 | below 76.5 | 15-16 Trading Days | 8 – 10% |
* Once the first target hit, reset the StopLoss at your buying price.
Tadawul 2282 : Naqi Water - STOCK OVERVIEW
Naqi Water Company, headquartered in Unaizah, Saudi Arabia, is engaged in the production and bottling of pristine filtered water. With a strong foothold in the Saudi Arabian market, the company effectively operates in two key segments: Wholesale and Retail. In addition to its core business of producing pure filtered water, Naqi Water Company also engages in the wholesale distribution of bottled water, soft drinks, and juices. Furthermore, the company caters to the retail market by offering a wide range of beverages in specialized stores. Naqi Water Company covers a vast geographical area, serving customers in the South, East, North, West, and Central regions of Saudi Arabia, while also expanding its reach through export sales. Founded in 2014, Naqi Water Company has established itself as a trusted name in the industry, providing high-quality products to satisfy the discerning needs of consumers.
| Stock Data | |
| TADAWUL Code | 2282 |
| Sectoral Index | Food & Beverages |
| 52 Weeks High | 94.8 |
| 52 Weeks Low | 59.3 |
Tadawul 2282 : Naqi Water - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Naqi Water — TASI —
Tadawul 2282 : Naqi Water - TECHNICAL ANALYSIS (DAILY)
- There has been a huge correction in price can be observed, which is almost 36% fall from the top.
- Volume was completely dried out during this downfall.
- Price had gone in a oversold zone from where price got bounced and has giver a sharp upside rally.
- With a strong trendline support price has broken the neckline of Inverted Head & Shoulder pattern and continued to move upside further.
- Volume has been impressively high for last few trading sessions. This shows Smart Money is coming in which can bring the price to the upper levels.
Tadawul 2282 : Naqi Water - ADX and 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 2282 : Naqi Water - 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.
CONCLUSION - Tadawul 2282 : Naqi Water STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, Naqi Water stock price target will be SAR 84 – SAR 86 in the next 15-16 trading sessions.
Tadawul 2282 : Naqi Water - TRADINGVIEW POSITION UPDATE
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⭐️ پريمي تداول النصيح
— Arijit, CMT (USA), CFTe (USA) | Naranj Capital (@NaranjCapital) June 7, 2023
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💰 ربح تداول متوقع 8-9% في 12 يوم.
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