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Buy Ayyan Investment | Tadawul 2140 | Naranj Capital

Stock Trading Advice for Saudi Tadawul

 BUY   Ayyan Investment (TADAWUL: 2140)

Tadawul 2140 : Ayyan Investment - STOCK RECOMMENDATION

Idea BUY
Buy Range 18.4 – 18.8
Target 20 – 20.3
StopLoss* below 17.7
Duration 14 – 15 Trading Days
Potential Returns 9 – 10%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 18.4 – 18.8 20 – 20.3 below 17.7 14 – 15 Trading Days 9 – 10%

* Once the first target hit, reset the StopLoss at your buying price.

Tadawul 2140 : Ayyan Investment - STOCK OVERVIEW

The company invest in industrial and service development initiatives that are either established independently or in collaboration with other local businesses. It works on launching, overseeing, running, and maintaining various medical projects. They invest, manage and maintain hospitals, hotels, education and tourism facilities.

Stock Data
TADAWUL Code 2140
Sectoral Index Health care equipment & svc
52 Weeks High 20.98
52 Weeks Low 12.7

Tadawul 2140 : Ayyan Investment - RELATIVE STRENGTH

Tadawul-2140-Ayaan Investment Company-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Ayyan Investment—     TASI —

Tadawul 2140 : Ayyan Investment- TECHNICAL ANALYSIS (DAILY)

Tadawul-2140-Ayaan Investment Company-TECHNICAL ANALYSIS DAILY
Tadawul-2140-Ayaan Investment Company-Technical Analysis Daily
  • Making lower highs and lows, the stock had been maintaining a strong downtrend, from Jun’23 to Dec,23.
  • A hammer candle was formed at the bottom position which indicates bulls are going to take the charge
  • There is a firm Rounding Bottom pattern can be seen which indicates buyers’ are showing interest to buy the stock. Also there is a ascecding triangle pattern can be observed inside the Rounding Bottom pattern, which itself a strong bullish chart pattern.
  • Trading volume was completely dried out through the entire downtrend. But recently volume has become very high, which shows the stock is intend to move upside. The volume of the breakout candle has been ipressive.
  • After breaking out its resistance level, the stock is further making a Pole & Flag pattern, which is a trend continuation pattern.
  • overall we can expect a strong upmove further, which can bring this stock to upper levels in upcoming days.

Tadawul 2140 : Ayyan Investment- MACD

Tadawul 2140-Ayaan Investment Company-MACD
Tadawul 2140-Ayaan Investment Company-MACD
  • In the chart the MACD line recently crossed above the zero line, it suggests the beginning of an uptrend price movement of the stock. The MACD line also crosses above the Signal line, which is considered a bullish signal, indicating potential upward momentum.

Tadawul 2140 : Ayyan Investment- BOLLINGER BANDS

Ayaan Investment Company-Tadawul 2140-Bollinger Bands
Tadawul 2140-Ayaan Investment Company-Bollinger Bands
  • Feb 2023 to Jun 2023 the price has seen to be touched the upper band which signifies that the stock is overbought, suggesting that the stock may be overvalued and due for a potential reversal.
  • July 2023 to Oct 2023 the price did consistently hug the lower band, which suggests a strong downtrend.
  • From Dec 2023 to Jan 2023 it continuously touched or sometimes exceeded the upper band again which suggests a strong uptrend.

Tadawul 2140 : Ayyan Investment- On Balance Volume

Ayaan Investment Company-Tadawul 2140-On Balance Volume
Tadawul-2140-Ayaan Investment Company-On Balance Volume
  • We see the OBV is rising, it suggests that volume is heavier on days with an upward price movement. This is seen as a bullish sign, indicating positive buying pressure.

CONCLUSION - Tadawul 2140 : Ayyan Investment STOCK PRICE FORECAST

Based on our swing stock trading advice in Saudi Arabia, Ayyan Investment share price target will be SAR 20 – SAR 20.3 in the next 12-14 trading sessions.

Tadawul 2140 : Ayyan Investment - TRADINGVIEW POSITION UPDATE

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اشتر أيان by NaranjCapital on TradingView.com

اشتر أيان by NaranjCapital on TradingView.com

Follow Tadawul 2140 : Ayyan Investment TRADING ADVICE On Social Media

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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Pricing (in SAR)

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