- Naranj Research Desk
- 🇸🇦 Saudi Stock Market
- 🇺🇸 USA Stock Market
Saudi Industrial Development Co., founded in 1992 and headquartered in Jeddah, Saudi Arabia, manufactures and sells sanitary ware, mattresses, sponges, and furniture in Saudi Arabia and Egypt. Operating through segments like Mattresses & Sponges, Sanitary Ware, Transportation, and Financial Investments, it also offers home furnishings, manages real estate, provides transport services, and engages in market trading.
SIDC — TASI —
Current RSI of this stock is 72.51, which indicates the strength of buyers.
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MACD line has crossed the signal line from the below, generates bullish signal.
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.
Based on our positional stock recommendations for Saudi Tadawul, Saudi Industrial Development stock price target will be SAR 35 - SAR 35.7 in the next 15-16 trading sessions.
Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.
Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.
Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.
If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website
