Buy Arabian Pipes | Tadawul 2200 | Naranj Capital

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_Saudi Arabia Tadawul 2200 Arabian Pipes vs Saudi Arabian Stock Market Index TASI

Relative Performance - Last 1 Year

Arabian Pipes —     TASI —

Arabian Pipes - TECHNICAL ANALYSIS (WEEKLY)

Saudi Arabia Tadawul 2200_Arabian Pipes Technical Analysis - Weekly Chart
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)

Saudi Arabia Tadawul 2200_Arabian Pipes Technical Analysis Daily Chart
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.
Saudi Arabia Tadawul 2200_Arabian Pipes Technical Analysis - Bollinger Band
Arabian Pipes Technical Analysis (Bollinger Band)
  • 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.
Arabian Pipes Technical Analysis (MACD, 12,26)
  • 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

اشتر أنابيب by NaranjCapital on TradingView.com

Follow Arabian Pipes Information TRADING ADVICE On Social Media

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

Enjoy this recommendation?
Share with your friends

Your return could be more

PROFITABLE!

access our premium recommendations

for Saudi Arabia Stock Market Tadawul

Leverage our knowledge to trade with confidence. Expert Advice for short to medium term trading with specific target and strict stoploss.

Pricing

Pricing (in SAR)

Email Newsletter

Get Free Saudi Stock Trading Advice

We respect your privacy.

You cannot copy content of this page