Tadawul trade advice (C): Saudi real estate stock | 5-6% gain | KSA stock trading idea on 24 Sep 2024

Date
September 24, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
Tadawul, Saudi Arabia

Target hit. Trade closed.

24 Sep 2024
1 Oct 2024
1 Oct 2024
3 days
Loss per
100,000 SAR
Stop-loss
43.5
Buy Advice
24 Sep 2024
44.7 - 45.7
Target 1
1 Oct 2024
47.5
Target 2
1 Oct 2024
48
Profit per
100,000 SAR
3 days
5667
43.5
44.7 - 45.7
47.5
48
5667
24 Sep 2024
1 Oct 2024
1 Oct 2024
3 days
Loss per
100,000 SAR
Stop-loss
43.5
Buy Advice
24 Sep 2024
44.7 - 45.7
Target 1
1 Oct 2024
47.5
Target 2
1 Oct 2024
48
Profit per
100,000 SAR
3 days
5667
43.5
44.7 - 45.7
47.5
48
5667
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Taiba Investments
  • 44.7 - 45.7
  • 47.5 - 48
  • Below 43.5
  • 5% - 6%
  • 10 - 12 Days
  • Buy Taiba Investments
  • Buy
    Range
    44.7 - 45.7
  • Target 47.5 - 48
  • Stoploss Below 43.5
  • Upside
    Potential
    5% - 6%
  • Trade
    Duration
    10 - 12 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Taiba Investments
  • 44.7 - 45.7
  • 47.5 - 48
  • Below 43.5
  • 5% - 6%
  • 10 - 12 Days
  • Buy
    Taiba Investments
  • Buy
    Range
    44.7 - 45.7
  • Target
    47.5 - 48
  • Stoploss
    Below 43.5
  • Upside
    Potential
    5% - 6%
  • Trade
    Duration
    10 - 12 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Tadawul 4090 : Taiba Investments - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 4090
  • Taiba
  • Real Estate
  • 48.9
  • 25.1
  • Tadawul code 4090
  • Stock Name Taiba
  • Sector Real Estate
  • 52 Weeks High 48.9
  • 52 Weeks Low 25.1
  • Company profile

    Taiba Investment Company engages in various real estate activities, including investment, acquisition, development, sale, leasing, operation, maintenance, marketing, and management of properties in Saudi Arabia. Additionally, the company invests in and oversees hotels, hospitals, tourist resorts, recreational facilities, and tourism-related establishments. It also assumes responsibility for the operation, maintenance, and management of cities and public facilities. Furthermore, Taiba Investment Company is involved in architectural, civil, mechanical, and electrical contracting, as well as industrial and mining operations. The company also offers credit and mortgage services. Originally known as Taiba Holding Co., is headquartered in Riyadh, Saudi Arabia.

  • Tadawul 4090 : Taiba Investments vs TASI - Relative Strength Comparison

    The image showcases Taiba's 1-year performance relative to TASI.
    Relative Performance - Last 1 Year
    TAIBA —   TASI —

  • Tadawul 4090 : Taiba Investments - Technical Analysis (Daily)

    Taiba Investments - Technical Analysis chart on Daily Price and Volume
    Taiba Investments - Technical Analysis chart on Daily Price and Volume

    • After the Double Bottom pattern breakout, the stock price surged significantly, hit the 48 mark. However, it encountered a substantial rejection at that level and retraced to 38.
    • Following a robust rebound, the price returned to its previous resistance zone but faced rejection once more.
    • Currently, the price action suggests the development of an Ascending Triangle pattern.
    • It is anticipated that the price will rise to its resistance level again and successfully break through this time.
  • Tadawul 4090 : Taiba Investments - MACD Indicator

    Taiba Investments stock analysis based on MACD indicator
    Taiba Investments - MACD indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

  • Tadawul 4090 : Taiba Investments - EMA Crossover

    Taiba Investments stock analysis based on EMA Crossover
    Taiba Investments - EMA Crossover

    • The short length exponential moving average (5 EMA) has crossed the long length exponential moving average (10 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.

  • Tadawul 4090 : Taiba Investments - OBV Indicator

    Taiba Investments stock analysis based on OBV indicator
    Taiba Investments - OBV indicator

    • The OBV line is moving in the same upward direction which means there is a positive sentiment in the market. Also the significant price up move accompanying with increasing OBV volume suggests strong buying pressure.

  • Conclusion - Tadawul 4090 : Taiba Investments Stock Price Forecast

    Based on our Saudi stocks advisory, Taiba Investments stock price target will be SAR 47.5 - SAR 48 in the next 10-12 trading sessions.

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    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

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