Tadawul 4150 : Arriyadh Development - STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 33.3 – 34.3 |
| Target | 36 – 36.3 |
| StopLoss* | below 32.5 |
| Duration | 8-10 Trading Days |
| Potential Returns | 5% – 6% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 33.3 – 34.3 | 36 – 36.3 | below 32.5 | 8-10 Trading Days | 5% – 6% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 4150 : Arriyadh Development - STOCK OVERVIEW
Arriyadh Development Co. is a company in Saudi Arabia that buys and sells land and real estate. It has different segments for commercial centers, public benefit, lands and contributions, and common assets and liabilities. The company also does off-plan sales, manages and leases properties, develops residential and commercial buildings, and sells new and used private cars. It was founded in 1993 and is based in Riyadh, Saudi Arabia.
| Stock Data | |
| TADAWUL Code | 4150 |
| Sectoral Index | Real Estate Management |
| 52 Weeks High | 35.75 |
| 52 Weeks Low | 20.98 |
Tadawul 4150 : Arriyadh Development - RELATIVE STRENGTH
Relative Performance - Last 1 Year
ARDCO — TASI —
Tadawul 4150 : Arriyadh Development - TECHNICAL ANALYSIS (DAILY)
- The stock has been on a remarkable upward trend, previously established an Inverted Head & Shoulder pattern.
- After a significant breakout, the stock price soared, created a bullish Rounding Bottom pattern.
- Following another breakout, the price achieved a remarkable all-time high near the 36 level.
- Now, after a slight pullback, the stock is once again on the rise.
Tadawul 4150 : Arriyadh Development - RSI
- Current RSI of this stock is 75.33, which indicates the strength of buyers.
Tadawul 4150 : Arriyadh Development - 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.
Tadawul 4150 : Arriyadh Development - EMA Cross
- The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last dayโs candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
CONCLUSION - Tadawul 4150 : Arriyadh Development STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, Arriyadh Development stock price target will be SAR 36 – SAR 36.3 in the next 08-10 trading sessions.
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