- Naranj Research Desk
- 🇸🇦 Saudi Stock Market
- 🇺🇸 USA Stock Market
Emaar The Economic City is actively involved in the real estate development sector within various economic zones across Saudi Arabia. The company focuses primarily on the King Abdullah Economic City, where it undertakes a range of projects. Its activities include building infrastructure, marketing and selling land in development areas, leasing land, and constructing residential and commercial properties for other entities. Additionally, Emaar The Economic City manages the sale and lease of land and units for both residential and commercial use. The company also operates educational institutions, hotels, resorts, and leisure clubs, along with providing utilities and city management services. Established in 2006, Emaar The Economic City is headquartered in King Abdullah Economic City, Saudi Arabia.
EMAAR EC — TASI —
Current RSI of this stock is 71.34, which indicates the strength of buyers.
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.
The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 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.
Based on our advice, Emaar The Economic City may rise to SAR 9 to SAR 9.2 in the next 14 - 15 trading sessions, creating an opportunity to profit by trading KSA stocks.
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.
Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.
Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.
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