Tadawul trade advice (D): Saudi financial services stock | 7-8% gain | KSA stock trading signal on 2 Sep 2024

Date
September 2, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
Tadawul, Saudi Arabia

Target hit. Trade closed.

KINGDOM 4280

2 Sep 2024
3 Sep 2024
3 Sep 2024
2 days
Loss per
100,000 SAR
Stop-loss
8.75
Buy Advice
2 Sep 2024
9.25 – 9.5
Target 1
3 Sep 2024
10.2
Target 2
3 Sep 2024
10.3
Profit per
100,000 SAR
2 days
7,979
8.75
9.25 – 9.5
10.2
10.3
7,979
2 Sep 2024
3 Sep 2024
3 Sep 2024
2 days
Loss per
100,000 SAR
Stop-loss
8.75
Buy Advice
2 Sep 2024
9.25 – 9.5
Target 1
3 Sep 2024
10.2
Target 2
3 Sep 2024
10.3
Profit per
100,000 SAR
2 days
7,979
8.75
9.25 – 9.5
10.2
10.3
7,979
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Kingdom Holding
  • 9.25 – 9.5
  • 10.2 – 10.3
  • Below 8.75
  • 7% – 8%
  • 8 - 10 Days
  • Buy Kingdom Holding
  • Buy
    Range
    9.25 – 9.5
  • Target 10.2 – 10.3
  • Stoploss Below 8.75
  • Upside
    Potential
    7% – 8%
  • Trade
    Duration
    8 - 10 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Kingdom Holding
  • 9.25 – 9.5
  • 10.2 – 10.3
  • Below 8.75
  • 7% – 8%
  • 8 - 10 Days
  • Buy
    Kingdom Holding
  • Buy
    Range
    9.25 – 9.5
  • Target
    10.2 – 10.3
  • Stoploss
    Below 8.75
  • Upside
    Potential
    7% – 8%
  • Trade
    Duration
    8 - 10 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Tadawul 4280 : Kingdom Holding - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 4280
  • Kingdom
  • Financial Services
  • 10.58
  • 6.82
  • Tadawul code 4280
  • Stock Name Kingdom
  • Sector Financial Services
  • 52 Weeks High 10.58
  • 52 Weeks Low 6.82
  • Company profile

    Kingdom Holding Co. is involved in various sectors such as hotel management, commercial services, education, investment, and medical services. Its operations are organized into different business segments, namely Equity, Hotels, Real Estate, and All Other Healthcare. The Equity segment deals with investment securities listed on the Saudi stock exchange, international securities, private equities, managed funds, and other entities within the Group’s structure. The Hotels segment focuses on investments in subsidiaries and associates that manage and own hotel properties. The Real Estate segment entails investments in land ownership, development projects, and local entities. Lastly, the Healthcare and All Other segment oversees Kingdom school operations and other trading activities. Founded by Al-Waleed bin Talal bin Abdul Aziz bin Al-Saud, the company is headquartered in Riyadh, Saudi Arabia.

  • Tadawul 4280 : Kingdom Holding vs TASI - Relative Strength Comparison

    The image compares Kingdom Holding's 1-year performance to TASI.
    Relative Performance - Last 1 Year
    KINGDOM —   TASI —

  • Tadawul 4280 : Kingdom Holding - Technical Analysis (Daily)

    Kingdom Holding - Technical Analysis chart on Daily Price and Volume
    Kingdom Holding - Technical Analysis chart on Daily Price and Volume

    • Following a significant drop, the stock price stabilized within a narrow range and eventually developed a Rounding Bottom pattern.
    • Once the pattern broke out, the price surged upward with considerable momentum but encountered a robust resistance near the 10.6 level, causing it to retreat back to the previous breakout level.
    • Trading volume has notably surged during this period.
    • After bouncing off the support level, the price is now on an upward trajectory.
  • Tadawul 4280 : Kingdom Holding - RSI Indicator

    Kingdom Holding stock analysis based on RSI indicator
    Kingdom Holding - RSI indicator

    • Current RSI of this stock is 67.72, which indicates the strength of buyers.

  • Tadawul 4280 : Kingdom Holding - ADX & DI Indicator

    Kingdom Holding stock analysis based on ADX & DI indicator
    Kingdom Holding - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending 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 favoured.

  • Tadawul 4280 : Kingdom Holding - MACD Indicator

    Kingdom Holding stock analysis based on MACD indicator
    Kingdom Holding - MACD indicator

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

  • Conclusion - Tadawul 4280 : Kingdom Holding Stock Price Forecast

    Based on our positional stock recommendations for Saudi Tadawul, Kingdom Holding stock price target will be SAR 10.2 - SAR 10.3 in the next 08-10 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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