BUY The Power & Water Utility Company for Jubail and Yanbu (TADAWUL: 2083)
Tadawul 2083 :The Power & Water Utility Company for Jubail and Yanbu- STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 72.5 – 73.5 |
| Target | 78.5 – 79.5 |
| StopLoss* | below 70 |
| Duration | 14-15 Trading Days |
| Potential Returns | 7 – 8% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 72.5 – 73.5 | 78.5 – 79.5 | below 70 | 14-15 Trading Days | 7 – 8% |
* Once the first target hit, reset the StopLoss at your buying price.
TADAWUL 2083 :THE POWER & WATER UTILITY COMPANY FOR JUBAIL AND YANBU - STOCK OVERVIEW
The Power and Water Utility Company for Jubail and Yanbu is involved in the operation, maintenance, management, expansion, and construction of power and water systems for various customers, including government, industrial, commercial, and residential sectors. It operates in segments such as Power, Water, Gas, JWAP, and TAWREED. The company provides services such as seawater cooling systems, desalinated water systems for storing and distributing process and potable water, and treatment systems for sanitary and industrial wastewater. Additionally, it offers electricity generation, transmission, distribution, and retail sales, as well as production, distribution, and sea water cooling.
| Stock Data | |
| TADAWUL Code | 2083 |
| Sectoral Index | Utilities |
| 52 Weeks High | 91.5 |
| 52 Weeks Low | 47.9 |
TADAWUL 2083 :THE POWER & WATER UTILITY COMPANY FOR JUBAIL AND YANBU - RELATIVE STRENGTH
Relative Performance - Last 1 Year
The Power & Water Utility Company For Jubail and Yanbu — TASI —
TADAWUL 2083 :THE POWER & WATER UTILITY COMPANY FOR JUBAIL AND YANBU - TECHNICAL ANALYSIS (DAILY)
- As seen in the Tata Motors chart analysis, the OBV is trading above the 15 days MA of it’s on balance volume. Buying pressure is visible as the positive volume exceeds negative volume, and the OBV line rising upwards.
- The OBV measures the volume change with price to identify the smart money are buying and selling the positions in the stock. This suggests you should invest in Tata Motors at dips and build long positions with institutional investors.
TADAWUL 2083 :THE POWER & WATER UTILITY COMPANY FOR JUBAIL AND YANBU - MACD
MACD line has crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.
TADAWUL 2083 :THE POWER & WATER UTILITY COMPANY FOR JUBAIL AND YANBU - MA CROSS
The short length moving average (10 SMA) has crossed the long length moving average (20 SMA) 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 2083 :THE POWER & WATER UTILITY COMPANY FOR JUBAIL AND YANBU - DMI
Increasing ADX value above 20, indicated the strength of the trend, thereby up trending 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 favored.
CONCLUSION - TADAWUL 2083 :THE POWER & WATER UTILITY COMPANY FOR JUBAIL AND YANBU STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, The Power & Water Utility Company For Jubail and Yanbu stock price target will be SAR 78.5 – SAR 79.5 in the next 14-15 trading sessions.
TADAWUL 2083 :THE POWER & WATER UTILITY COMPANY FOR JUBAIL AND YANBU - 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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