Arabian Pipes - STOCK RECOMMENDATION
Idea | BUY |
Buy Range | 101 – 106 |
Target | 122 – 126 |
StopLoss* | below 95 |
Duration | 12 – 14 Trading Days |
Potential Returns | 20 – 24% |
Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
BUY | 101 – 106 | 122 – 126 | below 95 | 12 – 14 Trading Days | 20 – 24% |
* Once the first target hit, reset the StopLoss at your buying price.
Arabian Pipes - STOCK OVERVIEW
Arabian Pipes Company (APC) is a Saudi Joint Stock Company that specializes in manufacturing and marketing welded steel pipes for various industries, including oil, gas, petrochemical, agricultural, and construction. The company was established in 1991 with a capital of SR 400 million and total investments of about SR 1200 million. APC produces electric resistance welded pipes, high-frequency welded pipes, longitudinal submerged arc welded pipes, external coating, threading and coupling line, and coil slitting facility . The company owns and operates two factories, one in Riyadh and the other in Jubail industrial city. APC has secured a significant supply deal with international contractor Br. C A T International.
Stock Data | |
TADAWUL Code | 2200 |
Sectoral Index | Materials |
52 Weeks High | 110.2 |
52 Weeks Low | 34.75 |
Arabian Pipes - RELATIVE STRENGTH

Relative Performance - Last 1 Year
Arabian Pipes — TASI —
Arabian Pipes - TECHNICAL ANALYSIS (WEEKLY)

- Looking at the Arabian Pipes historical stock price, the stock had been moving in a larger sideways range since the last 14 years (2009-2023) and the stock price was showing lack of strength to sustain the upmove during this period.
- The stock was recovered sharply since mid 2022 and witnessed a strong rally during 2022-2023, rallying from SAR 33 to the current high of SAR 108. A whopping 227% gain in just a year.
- Recently the stock is expected to register a strong breakout since the past the 14 years consolidation signaling the resumption of the long awaited uptrend.
Arabian Pipes - TECHNICAL ANALYSIS (DAILY)

- As seen in the Arabian Pipes daily chart analysis, the stock has formed a symmetrical triangle pattern, and the breakout of the consolidation pattern indicates a positive sign for the stock.

- Last two days, the stock is trading above the 15 days MA and recent closing above the Upper Bollinger Band showing confidence of our view.

- The momentum indicator MACD is also suggesting a big upside in the stock. From the last few weeks, serious delivery buying was seen in the stock with positive price action which indicates big upside for a short term point of view.
CONCLUSION - Arabian Pipes STOCK PRICE FORECAST
Based on our trading tips for Saudi Tadawul stocks, Arabian Pipes share price target will be SAR 122 – SAR 126 in the next 12-14 trading sessions.
Arabian Pipes Information - TRADINGVIEW POSITION UPDATE
Follow Arabian Pipes Information TRADING ADVICE On Social Media
๐ก ุชูุตูุฉ ุชุฏุงูู ูุตูุฑ ุงูู ุฏู
— Naranj Capital ูุงุฑุงูุฌ ูุงุจูุชุงู (@NaranjCapital) November 4, 2023
ุงุดุชุฑ ุฃูุงุจูุจ #ุชุฏุงูู : 2200
โ ูุทุงู ุงูุดุฑุงุก- 101 - 106
โ ูุฏู ุงูุจูุน- 122 - 126
โ ููู ุงูุฎุณุงุฑุฉ- ุฃูู ู ู 95
โ ุงูุนุงุฆุฏ ุงูู ุญุชู ู- 20 - 24%
๐ ูุชุฑุฉ ุงูุงุญุชูุงุธ ุจุงูุชุฌุงุฑุฉ ุงูุชูุฑูุจูุฉ- 12-14 ููู #ุชุฏุงูู_ุงูุฃุณูู #ูุตุงุฆ_ุชุฏุงู_ุงูุฃุณูู #ุชุงุณู #ุณุนุฑ_ุณูู_ุงูุฃุณูู #ุณูู_ุงูุณุนูุฏูโฆ pic.twitter.com/bal0bcrbTk