Tadawul 4230 : Red Sea International - STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 61 – 65 |
| Target | 70 – 72 |
| StopLoss* | below 57 |
| Duration | 8-10 Trading Days |
| Potential Returns | 8% – 11% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 61 – 65 | 70 – 72 | below 57 | 8-10 Trading Days | 8% – 11% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 4230 : Red Sea International - STOCK OVERVIEW
Red Sea International Company, based in Riyadh, Saudi Arabia, specializes in modular building solutions across Saudi Arabia, the UAE, and globally. They develop, construct, sell, and lease residential and commercial properties, including temporary and semi-permanent industrial buildings like workforce accommodations, offices, and hospitals. The company also provides housing solutions for both private and public sectors, along with building materials, general contracting, maintenance, and utility construction services. Established in 1967, Red Sea International serves various sectors, including oil and gas, infrastructure, and defense, and is a subsidiary of Al Dabbagh Group Holding Company Limited.
| Stock Data | |
| TADAWUL Code | 4230 |
| Sectoral Index | Real Estate Management |
| 52 Weeks High | 74.5 |
| 52 Weeks Low | 19.9 |
Tadawul 4230 : Red Sea International - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Red Sea — TASI —
Tadawul 4230 : Red Sea International - TECHNICAL ANALYSIS (DAILY)
- The stock price was previously trending downward within a parallel channel.
- After breaking out, it gained significant momentum, climbed up to its 52-week high of 74.5.
- However, it then faced strong resistance, resuled in a short pullback.
- At this moment, the price is once again on an upward trajectory.
Tadawul 4230 : Red Sea International - RSI
- Current RSI of this stock is 65.00, which indicates the strength of buyers.
Tadawul 4230 : Red Sea International - 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 4230 : Red Sea International - 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 day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
CONCLUSION - Tadawul 4230 : Red Sea International STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, Red Sea International stock price target will be SAR 70 – SAR 72 in the next 8-10 trading sessions.
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