- Naranj Research Desk
Saudi Industrial Development Co., founded in 1992 and headquartered in Jeddah, Saudi Arabia, manufactures and sells sanitary ware, mattresses, sponges, and furniture in Saudi Arabia and Egypt. Operating through segments like Mattresses & Sponges, Sanitary Ware, Transportation, and Financial Investments, it also offers home furnishings, manages real estate, provides transport services, and engages in market trading.
SIDC — TASI —
Current RSI of this stock is 72.51, which indicates the strength of buyers.
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MACD line has crossed the signal line from the below, generates bullish signal.
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.
Based on our positional stock recommendations for Saudi Tadawul, Saudi Industrial Development stock price target will be SAR 35 - SAR 35.7 in the next 15-16 trading sessions.