Tadawul 3092 : Riyadh Cement vs TASI - Relative Strength Comparison

Tadawul 3092 : Riyadh Cement - Technical Analysis (Daily)

• Despite the stock facing a significant downtrend at the moment, an intriguing chart pattern has emerged.
• In the initial breakout, the price opened with a gap up, which facilitated a successful breakout and subsequent upward movement.
• We are now witnessing a similar price action, suggesting that history may be on the verge of repeating itself.
• As a result, we can anticipate a potential upward movement in the days ahead.

Tadawul 3092 : Riyadh Cement - RSI Indicator

• Current RSI of this stock is 55.74, and just about to cross the 60 level from below which indicates the strength of buyers.

Tadawul 3092 : Riyadh Cement - MACD Indicator

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

Tadawul 3092 : Riyadh Cement - EMA Crossover

• The short length exponential moving average (10 EMA) is about 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.

Conclusion - Tadawul 3092 : Riyadh Cement Stock Price Forecast

Based on our KSA trading and investment advice, Riyadh Cement stock price target will be SAR 26.9 - SAR 27.1 in the next 12-14 trading sessions.