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
Relative Performance - Last 1 Year
Ayyan Investment— TASI —
Tadawul 2140 : Ayyan Investment- 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
- 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
- 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
- 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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