Tadawul 1213 : Naseej International Trading - STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 98.5 – 101 |
| Target | 106 – 108 |
| StopLoss* | below 94 |
| Duration | 12-14 Trading Days |
| Potential Returns | 5% – 7% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 98.5 – 101 | 106 – 108 | below 94 | 12-14 Trading Days | 5% – 7% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 1213 : Naseej International Trading - STOCK OVERVIEW
Naseej International Trading company’s primary focus lies in the manufacturing, wholesale, and retail of various goods including carpets, rugs, floors, furniture, antiques, wooden and metal blinds, office furniture, kitchens, blankets, bedspreads, curtain fabrics, accessories, and artificial turf. To streamline its operations, the company is divided into three main activities: Industrial activity, Commercial activity, and Investment activity. The Industrial activity involves the production of various products, while the Commercial activity encompasses the wholesale and retail aspects of the company’s product offerings. Lastly, the Investment activity is responsible for engaging in investment activities. The company effectively distributes and sells its wide range of products both within the local market and beyond.
| Stock Data | |
| TADAWUL Code | 1213 |
| Sectoral Index | Consumer Durables & Apparel |
| 52 Weeks High | 104 |
| 52 Weeks Low | 59.8 |
Tadawul 1213 : Naseej International Trading - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Naseej International Trading — TASI —
Tadawul 1213 : Naseej International Trading - TECHNICAL ANALYSIS (DAILY)
- Following a period of increase, the stock price has transitioned into a consolidation phase.
- During this interval, it has formed a bullish Pole & Flag pattern, and following a recent breakout, the price has seen a notable rise.
- It is anticipated that this upward trend will continue, driving the price to higher levels.
Tadawul 1213 : Naseej International Trading - RSI
- Current RSI of this stock is 64.46, which indicates the strength of buyers.
Tadawul 1213 : Naseej International Trading - 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.
Tadawul 1213 : Naseej International Trading - OBV
The OBV line is moving in the same upward direction which means there is a positive sentiment in the market. Also the significant price up move accompanying with increasing OBV volume suggests strong buying pressure.
CONCLUSION - Tadawul 1213 : Naseej International Trading STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, Naseej International Trading stock price target will be SAR 106 – SAR 108 in the next 12-14 trading sessions.
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