Tadawul 8200 : Saudi Reinsurance - STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 43 – 45 |
| Target | 48 – 48.75 |
| StopLoss* | below 41.5 |
| Duration | 12-14 Trading Days |
| Potential Returns | 7% – 8% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 43 – 45 | 48 – 48.75 | below 41.5 | 12-14 Trading Days | 7% – 8% |
* Once the first target hit, reset the StopLoss at your buying price.
Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.
Tadawul 8200 : Saudi Reinsurance - STOCK OVERVIEW
Saudi Reinsurance Company offers a diverse range of reinsurance products across the Kingdom of Saudi Arabia, as well as in other regions including the Middle East, Africa, Asia, and globally. The company is structured into five key segments: Property and Casualty, Motor, Protection, Health, and Inherent Defects Insurance. Its product offerings encompass engineering, fire, marine, motor, general accident, specialty, whole account, aviation, energy, agriculture, political risk, term and credit life, health, and inherent defects insurance. Previously known as Saudi Re for Cooperative Reinsurance, the company was established in 2008 and is headquartered in Riyadh, Saudi Arabia.
| Stock Data | |
| TADAWUL Code | 8200 |
| Sectoral Index | Insurance |
| 52 Weeks High | 46.7 |
| 52 Weeks Low | 17.68 |
Tadawul 8200 : Saudi Reinsurance - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Saudi Re — TASI —
Tadawul 8200 : Saudi Reinsurance - TECHNICAL ANALYSIS (DAILY)
- The stock’s price action has been marked by a robust uptrend, featuring a sequence of consolidations and breakouts.
- Following a breakout from a broadening pattern, the price rallied and entered a consolidation phase, developed a rectangle pattern.
- A subsequent breakout led to additional gains, followed by a brief consolidation that formed a rounding bottom pattern.
- With a recent breakthrough, the price is now trading just below its all-time high, with expectations of further gains.
Tadawul 8200 : Saudi Reinsurance - RSI
- Current RSI of this stock is 71.53, which indicates the strength of buyers.
Tadawul 8200 : Saudi Reinsurance - MACD
- MACD line has just crossed the signal line from the below, generates bullish signal.
Tadawul 8200 : Saudi Reinsurance - ADX & DI
- 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.
CONCLUSION - Tadawul 8200 : Saudi Reinsurance STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, Saudi Reinsurance stock price target will be SAR 48 – SAR 48.75 in the next 12-14 trading sessions.
Prime Trading Advice