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Saudi Basic Industries Corporation (SABIC), founded in 1976 and headquartered in Riyadh, Saudi Arabia, manufactures and distributes chemicals, polymers, plastics, and fertilizers globally. It operates in two segments—Petrochemicals and Agri-Nutrients—offering products like polyethylene, polypropylene, specialty resins, polycarbonate, and fertilizers such as urea, ammonia, and phosphates. SABIC is a subsidiary of Aramco Chemicals Company.
SABIC — TASI —
A bullish signal is generated as the K line (blue) crosses over the D line (orange) from below, indicating a reversal from oversold conditions.
Current RSI of this stock is 59.62, which indicates the strength of buyers.
Based on our saudi stocks trading signals, Saudi Basic Industries stock price target will be SAR 63.5 - SAR 64 in the next 14-15 trading sessions.
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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