- Naranj Research Desk
- 🇸🇦 Saudi Stock Market
- 🇺🇸 USA Stock Market
Allied Cooperative Insurance Group is headquartered in Riyadh, Saudi Arabia, operates in the cooperative insurance sector and engages in related activities within the Kingdom of Saudi Arabia. The company provides various insurance products, including medical, motor, property, engineering and contract works, and marine insurance. It also offers additional coverage options such as worker’s compensation, product liability, commercial general liability, and general accident insurance, which includes travel insurance. Furthermore, the company provides third-party liability and comprehensive motor retail and motor fleet insurance products. Additionally, Allied Cooperative Insurance Group offers general accident quota share and surplus, travel quota share, property quota share and surplus, and marine quota share and surplus.
ACIG — TASI —
Current RSI of this stock is 68.19, 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.
MACD line is about to cross the signal line from the below, generates bullish signal.
Based on our trading signals of Saudi stock market, Allied Cooperative Insurance stock price target will be SAR 20.3 - SAR 20.5 in the next 10-12 trading sessions.
