BUY AlSaif Stores for Development and Investment (TADAWUL: 4192)
Tadawul 4192 : AlSaif Stores for Development and Investment - STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 11.4 – 11.8 |
| Target | 12.5 – 12.7 |
| StopLoss* | below 10.9 |
| Duration | 8-10 Trading Days |
| Potential Returns | 6 – 8% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 11.4 – 11.8 | 12.5 – 12.7 | below 10.9 | 8-10 Trading Days | 6 – 8% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 4192 : AlSaif Stores for Development and Investment - STOCK OVERVIEW
AlSaif Stores for Development Company is a Saudi Arabian company primarily engaged in the development and management of commercial properties, particularly shopping centers and retail spaces. It operates under the umbrella of the AlSaif Group, a diversified conglomerate with interests in various sectors including real estate, construction, hospitality, and retail. The company focuses on creating modern and attractive retail destinations that cater to the needs of consumers and businesses alike. By developing innovative and sustainable properties, the company aims to contribute to the growth and development of the retail sector in Saudi Arabia and beyond. The company was founded in 1993 and is headquartered in Al Taawun, Saudi Arabia.
| Stock Data | |
| TADAWUL Code | 4192 |
| Sectoral Index | Consumer Discretionary Distribution & Retail |
| 52 Weeks High | 12 |
| 52 Weeks Low | 7.43 |
Tadawul 4192 : AlSaif Stores for Development and Investment - RELATIVE STRENGTH
Relative Performance - Last 1 Year
AlSaif Stores for Development and Investment — TASI —
Tadawul 4192 : AlSaif Stores for Development and Investment - TECHNICAL ANALYSIS (DAILY)
- Price was in a deep consolidation phase since June’23.
- After a significant correction, price finally found the support at around 7.5 level.
- From there the price started forming Higher Highs and Lows and reached to its previous resistance around 10.5 level.
- With again a short pull back, price finally break through the resistance level.
- After the breakout, price started consolidating again.
- With a significant volume rise, price has formed a bullish marubozu candle in last trading session which is indicating that price might be going upside further.
Tadawul 4192 : AlSaif Stores for Development and Investment - RSI
- Current RSI of this stock is 63.31, which indicates the strength of buyers.
Tadawul 4192 : AlSaif Stores for Development and Investment - 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 4192 : AlSaif Stores for Development and Investment - 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 4192 : AlSaif Stores for Development and Investment STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, AlSaif Stores for Development and Investment stock price target will be SAR 12.5 – SAR 12.7 in the next 08-10 trading sessions.
Tadawul 4192 : AlSaif Stores for Development and Investment - TRADINGVIEW POSITION UPDATE
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📈 اشتر السيف غاليري
— Naranj Capital نارانج كابيتال (@NaranjCapital) April 23, 2024
تداول : 4192
● أفضل نطاق الشراء: 11.4 - 11.8
● هدف البيع: 12.5 - 12.7
● وقف الخسارة: أقل من 10.9
● العائد المحتمل: 6 - 8%
🗓️ فترة الاحتفاظ بالتجارة التقريبية- 8-10 يوم
📈 اشتر سايكو
تداول : 8100
● أفضل نطاق الشراء: 20.2 - 20.7
● هدف البيع: 22 -… pic.twitter.com/0twCfAVuU6
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