- Naranj Research Desk
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Halwani Bros. Co. Ltd., founded in 1830 and based in Jeddah, Saudi Arabia, is a leading food company operating in Saudi Arabia, Egypt, and international markets. It produces and sells a wide range of products, including halawa, tahina, maamoul, dairy, cheese, breaded chicken, meat, jams, juices, olives, and other food items. The company also provides catering services and is a subsidiary of Aseer Al Arabiah for Industrial Investment Co.
HB — TASI —
Current RSI of this stock is 67.83, which indicates the strength of buyers.
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.
MACD line has crossed the signal line from the below, generates bullish signal.
Based on our Saudi stocks advisory, Halwani Bros. stock price target will be SAR 50 - SAR 51 in the next 12-14 trading sessions.
