Tadawul trade advice (A): Saudi Pharma, Biotech & Lifescience stock | 8-11% gain | KSA stock trading signal on 12 Feb 2024

Date

February 12, 2024

Analysed By

Naranj Capital Research Desk

Stock Market

Tadawul, Saudi Arabia

Target hit. Trade closed.

SPIMACO 2070

12 Feb 2024

13 Feb 2024

2 days

Loss per
100,000 SAR

Stop-loss

33.9

Buy Advice

12 Feb 2024

35 – 36

Target 1

13 Feb 2024

Target 2

13 Feb 2024

Profit per
100,000 SAR

2 days

6,267

33.9

35 – 36

6,267

12 Feb 2024

13 Feb 2024

2 days

Loss per
100,000 SAR

Stop-loss

33.9

Buy Advice

12 Feb 2024

35 – 36

Target 1

13 Feb 2024

Target 2

13 Feb 2024

Profit per
100,000 SAR

2 days

6,267

33.9

35 – 36

6,267

Swing Trading Advice in Saudi Stocks

Buy

Buy
Range

Target

Stoploss

Upside
Potential

Trade
Duration

Saudi Pharmaceutical Industry & Medical Appliances

35 – 36

38 – 39

Below 33.9

8% - 11%

10 - 12 Days

Buy Saudi Pharmaceutical Industry & Medical Appliances

Buy
Range 35 – 36

Target 38 – 39

Stoploss Below 33.9

Upside
Potential 8% - 11%

Trade
Duration 10 - 12 Days

Buy

Buy
Range

Target

Stoploss

Upside
Potential

Trade
Duration

Saudi Pharmaceutical Industry & Medical Appliances

35 – 36

38 – 39

Below 33.9

8% - 11%

10 - 12 Days

Buy

Saudi Pharmaceutical Industry & Medical Appliances

Buy
Range

35 – 36

Target

38 – 39

Stoploss

Below 33.9

Upside
Potential

8% - 11%

Trade
Duration

10 - 12 Days

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

* Trade durations are approximate; actual holding period may vary.

Tadawul 2070 : Saudi Pharmaceutical Industry & Medical Appliances - Stock Overview

Tadawul code

Stock Name

Sector

52 Weeks High

52 Weeks Low

2070

SPIMACO

Pharma, Biotech & Lifescience

45.25

21.36

Tadawul code 2070

Stock Name SPIMACO

Sector Pharma, Biotech & Lifescience

52 Weeks High 45.25

52 Weeks Low 21.36

Company profile

This was established in January 1986 with the main objective of setting up an advanced pharmaceutical industry in the Kingdom of Saudi Arabia, for the local production of pharmaceutical products and medical appliances and to market these products inside the Kingdom and abroad.

Tadawul 2070 : Saudi Pharmaceutical Industry & Medical Appliances vs TASI - Relative Strength Comparison

The image compares Saudi Pharmaceutical Industry & Medical Appliances's 1-year performance to TASI. — Relative Performance - Last 1 Year
SPIMACO — TASI —

Tadawul 2070 : Saudi Pharmaceutical Industry & Medical Appliances - Technical Analysis (Daily)

Saudi Pharmaceutical Industry & Medical Appliances - Technical Analysis chart on Daily Price and Volume

Price was moving through a parallel channel. After the breakout of double bottom pattern, price gave a sharp move to reach 39 level.
At there price consolidated for a while.
After the breakdown of the Rectangle pattern price took a support at trendline and continued moving upside.

Tadawul 2070 : Saudi Pharmaceutical Industry & Medical Appliances - Stochastic Indicator

Saudi Pharmaceutical Industry & Medical Appliances stock analysis based on Stochastic indicator — Saudi Pharmaceutical Industry & Medical Appliances - Stochastic indicator

There is a breakout occurred at Stochastic graph which also testifies that price might be going upside.

Tadawul 2070 : Saudi Pharmaceutical Industry & Medical Appliances - MACD Indicator

Saudi Pharmaceutical Industry & Medical Appliances stock analysis based on MACD indicator — Saudi Pharmaceutical Industry & Medical Appliances - MACD indicator

MACD line is about to cross the signal line, which can be considered as a positive signal.

Tadawul 2070 : Saudi Pharmaceutical Industry & Medical Appliances - MA Crossover

Saudi Pharmaceutical Industry & Medical Appliances stock analysis based on MA Crossover — Saudi Pharmaceutical Industry & Medical Appliances - MA Crossover

Currently the price closes above the 10 & 20 SMA, signals positive sentiment for which the buyers can be benefited.

Conclusion - Tadawul 2070 : Saudi Pharmaceutical Industry & Medical Appliances Stock Price Forcast

Based on our Saudi Tadawul stocks advice, Saudi Pharmaceutical Industry & Medical Appliances stock price target will be SAR 38 - SAR 39 in the next 10-12 trading sessions.

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