Tadawul 4020 : Saudi Real Estate Company - STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 18.2 – 18.6 |
| Target | 20.5 – 21 |
| StopLoss* | below 17.6 |
| Duration | 14 – 15 Trading Days |
| Potential Returns | 13 – 15% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 18.2 – 18.6 | 20.5 – 21 | below 17.6 | 14 – 15 Trading Days | 13 – 15% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 4020 : Saudi Real Estate Company - STOCK OVERVIEW
Founded in 1976, Saudi Real Estate Company operates as a real estate development company. Its services includes acquisition and development of land and establishment of residential and commercial buildings and selling, leasing and property management for the company and others. The company also deals in production, sales, purchase and rent of the construction of the materials.
| Stock Data | |
| TADAWUL Code | 4020 |
| Sectoral Index | Real Estate Mgmt. & Dev’t |
| 52 Weeks High | 19.06 |
| 52 Weeks Low | 11.66 |
Tadawul 4020 : Saudi Real Estate Company - TECHNICAL ANALYSIS (WEEKLY)
- After making a Double Top pattern, the stock broke its neckline support. We have witnessed a huge downfall from April’23 to July’23.
- The stock was in a deep consolidation phase from July’23 to Dec’23. Somewhere it shows that the bears are exhausted and intend to leave.
- Trading Volume was completely Dried out throughout the consolidation phase. But after the breakout of Double Bottom (W) pattern with a strong bullish candle, the volume appears to be increasing slowly.
- Finally the stock has broken its trendline resistance with a strong bullish candle.
- We can expect a upmove further.
Tadawul 4020 : Saudi Real Estate Company - TECHNICAL ANALYSIS (DAILY)
- The stock was moving through a parallel channel during its consolidation period. The price was neither breaking its upper level nor the lower level.
- A strong bullish Inverted Head & Shoulder pattern was formed, which indicated the stock was restoring its strength to move upside.
- From Nov’23 the stock is in a strong upward direction by making new highs and breaking resistance levels one after another.
- The Volume chart is significantly good and keep increasing daily.
Tadawul 4020 : Saudi Real Estate Company - MA Cross
- In chart we see the shorter-term moving average crossed above the longer-term moving average which gives a bullish signal. This is known as a “Golden Cross” and is considered a potential indication of a new uptrend.
Tadawul 4020 : Saudi Real Estate Company - ADX
- ADX and +DI crossing above 40 indicate buying momentum and probable further rise.
CONCLUSION - Tadawul 4020 : Saudi Real Estate Company STOCK PRICE FORECAST
Tadawul 4020 : Saudi Real Estate Company - TRADINGVIEW POSITION UPDATE
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