Tadawul 4142 : Riyadh Cables Group - STOCK RECOMMENDATION
Idea | BUY |
Buy Range | 102 – 105.5 |
Target | 112 – 114 |
StopLoss* | below 98 |
Duration | 12-14 Trading Days |
Potential Returns | 7% – 8% |
Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
BUY | 102 – 105.5 | 112 – 114 | below 98 | 12-14 Trading Days | 7% – 8% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 4142 : Riyadh Cables Group - STOCK OVERVIEW
Riyadh Cables Group Co. specializes in the manufacturing, promotion, and distribution of various types of cables. The company is divided into several segments: Cables and Wires, High Voltage Cables, and Other. The Cables and Wires segment focuses on electrical cables, while the High Voltage Cables segment is dedicated to completed projects. Additionally, the Other segment provides telephone cables and related services. Established on January 18, 1984, the company is based in Riyadh, Saudi Arabia.
Stock Data | |
TADAWUL Code | 4142 |
Sectoral Index | Capital Goods |
52 Weeks High | 122 |
52 Weeks Low | 65.9 |
Tadawul 4142 : Riyadh Cables Group - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Riyadh Cables Group — TASI —
Tadawul 4142 : Riyadh Cables Group - TECHNICAL ANALYSIS (DAILY)
- The stock price has experienced a significant surge after breaking out of the Ascending Triangle pattern.
- After reaching an all-time high, the price underwent a correction and then entered a short period of consolidation within a box pattern.
- Recently, with a rise in trading volume, the price has successfully surpassed its trendline resistance and is moving towards new heights.
Tadawul 4142 : Riyadh Cables Group - RSI
- Current RSI of this stock is 62.03, which indicates the strength of buyers.
Tadawul 4142 : Riyadh Cables Group - MACD
- MACD line has just crossed the signal line from the below, generates bullish signal.
Tadawul 4142 : Riyadh Cables Group - EMA Cross
- The short length exponential moving average (10 EMA) has just 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.
CONCLUSION - Tadawul 4142 : Riyadh Cables Group STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, Riyadh Cables Group stock price target will be SAR 112 – SAR 114 in the next 12-14 trading sessions.