Prime Trading Advice (A ) | Expected Gain 8-10% | Naranj Capital

TADAWUL 4004 - Dallah Healthcare - STOCK RECOMMENDATION

Idea BUY
Buy Range 154 – 156
Target 166 – 170
StopLoss* below 150
Duration 12 – 14 Trading Days
Potential Returns 8 – 10%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 154 – 156 166 – 170 below 150 12 – 14 Trading Days 8 – 10%

* Once the first target hit, reset the StopLoss at your buying price.

TADAWUL 4004 - Dallah Healthcare - STOCK OVERVIEW

Dallah Healthcare is a Saudi Arabian company that provides and operates healthcare programs and utilities. It was founded in 1995 and has sectors in hospitals, pharmaceuticals, management, operation, and Dallah Healthcare operates six hospitals in Saudi Arabia, including its flagship Dallah Al Nakheel and Dallah Namar hospitals in Riyadh. The total bed capacity in its hospitals reached 901, compared to 600 beds at the end of 2020. Dallah Healthcare has 2,068 employees.

Stock Data
TADAWUL Code 4004
Sectoral Index Health Care Equipment & Svc
52 Weeks High 189.8
52 Weeks Low 125.4

TADAWUL 4004 - Dallah Healthcare - RELATIVE STRENGTH

Relative Performance_Dallah Health Care vs TASI

Relative Performance - Last 1 Year

Dallah Healthcare —     TASI —

TADAWUL 4004 - Dallah Healthcare - TECHNICAL ANALYSIS (DAILY)

Tadawul 4004 Dallah Health Care daily trading chart
Tadawul 4004 - Dallah Healthcare - Technical Analysis (Daily)
  •  If we look at the entire chart, we can see that the stock is maintaining a strong trendline support and resistance and never ever able to break any of these level.
  • There is a spike in volume chart also can be seen, which gives us a positive indication.
  • After a deep consolidation, the stock is bouncing back from its support level and made a fresh breakout of Rounding Bottom pattern. We can expect a good upside move in coming days.

TADAWUL 4004 - Dallah Healthcare - ADX AND RSI

Stock price above the 50-day moving average is usually considered bullish
Tadawul 4004 - Dallah Healthcare - Technical Indicators ADX and RSI
  • As seen in the Dallah Healthcare chart analysis, Stock price has been moving in a larger sideways range in the last 8 months and the stock price was showing lack of strength to sustain the upmove during this period. 
  • The current RSI of this stock is 73.65, which indicates strength.

CONCLUSION - TADAWUL 4004 - Dallah Healthcare STOCK PRICE FORECAST

Based on our swing stock trading advice in Saudi Arabia, Dallah Healthcare share price target will be SAR 166 – SAR 170 in the next 12-14 trading sessions.

TADAWUL 4004 - Dallah Healthcare - TRADINGVIEW POSITION UPDATE

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