BUY Aldrees Petroleum and Transport Services (TADAWUL: 4200)
Tadawul 4200 : Aldrees Petroleum and Transport Services - STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 118 – 121 |
| Target | 128 – 130 |
| StopLoss* | below 114.75 |
| Duration | 12-14 Trading Days |
| Potential Returns | 6% – 7% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 118 – 121 | 128 – 130 | below 114.75 | 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. Be assured such records are permanent and irreversible.
Tadawul 4200 : Aldrees Petroleum and Transport Services - STOCK OVERVIEW
Aldrees Petroleum and Transport Services Company is involved in the distribution and sale of fuel, gasoline, oil, and lubricants in Saudi Arabia. This company operates through two segments, namely Petroleum Services and Transport Services. It offers a range of amenities at its fuel stations, including car wash, tire servicing, additives, alignment, accessories, food, mosque, ATMs, and even car rental services. Furthermore, Aldrees constructs, operates, and rents take away centers that serve hot and cold beverages, food, and also provides catering services. Additionally, the company provides transport and logistics services, utilizing a fleet of trucks and trailers for the transportation of liquid and dry materials. It also offers highway transportation for goods. Established in 1957, Aldrees Petroleum and Transport Services Company has its headquarters in Riyadh, Saudi Arabia.
| Stock Data | |
| TADAWUL Code | 4200 |
| Sectoral Index | Energy |
| 52 Weeks High | 147.81 |
| 52 Weeks Low | 82.53 |
Tadawul 4200 : Aldrees Petroleum and Transport Services - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Aldrees Petroleum and Transport Services — TASI —
Tadawul 4200 : Aldrees Petroleum and Transport Services - TECHNICAL ANALYSIS (DAILY)
The price previously faced rejection multiple times around the 106 level.
Subsequently, the stock price declined and entered a consolidation phase and developed a Rounding Bottom pattern.
After breaking out, the stock surged sharply, reached an all-time high near the 145 level.
At this peak, it encountered resistance, resulted in a swift drop.
Once the price stabilized, it attempted to break through the previous resistance again but fell short, leading to a significant correction.
Ultimately, the stock found support around the 106 level.
Following a short consolidation period, the stock formed a Double Bottom pattern and recently broke through the trendline resistance, bolstered by substantial trading volume.
It is expected that this upward trend will continue.
Tadawul 4200 : Aldrees Petroleum and Transport Services - Indicator MACD
MACD line has just crossed the signal line from the below, generates bullish signal.
Tadawul 4200 : Aldrees Petroleum and Transport Services - Indicator EMA Cross
- The short length exponential moving average (10 EMA) has just 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.
Tadawul 4200 : Aldrees Petroleum and Transport Services - RSI
- Current RSI of this stock is 64.44, which indicates the strength of buyers.
CONCLUSION - Tadawul 4200 : Aldrees Petroleum and Transport Services STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, Aldrees Petroleum and Transport Services stock price target will be SAR 128 – SAR 130 in the next 12-14 trading sessions.
Prime Trading Advice