Saudi Prime Trading Advice (A) | 21-Apr-2025 | Expected Gain 6%-8%

 BUY   Makkah Construction and Development (TADAWUL: 4100)

Tadawul 4100 : Makkah Construction and Development - STOCK RECOMMENDATION

Idea BUY
Buy Range 101 – 105
Target 111 – 113
StopLoss* below 97.5
Duration 14-15 Trading Days
Potential Returns 6% – 8%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 101 – 105 111 – 113 below 97.5 14-15 Trading Days 6% – 8%

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

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

Tadawul 4100 : Makkah Construction and Development - STOCK OVERVIEW

Makkah Construction and Development Company is actively involved in investing, owning, developing, managing, purchasing, and leasing properties in close proximity to Al Masjid Al Haram in Saudi Arabia. The company also undertakes various engineering projects, which encompass building, construction, repair, and demolition activities. Additionally, it operates hotels and provides services for Hajj and Umrah. Established in 1989, the company is based in Mecca, Saudi Arabia.

Stock Data
TADAWUL Code 4100
Sectoral Index Real Estate Management
52 Weeks High 114.6
52 Weeks Low 72.8

Tadawul 4100 : Makkah Construction and Development - RELATIVE STRENGTH

TADAWUL 4100 - MCDC - RELATIVE STRENGTH

Relative Performance - Last 1 Year

MCDC —     TASI —

Tadawul 4100 : Makkah Construction and Development - TECHNICAL ANALYSIS (DAILY)

Tadawul 4100 : Makkah Construction and Development - Technical Analysis (Daily)
  • The stock price is moving upward within a parallel ascending channel and has recently rebounded from the trendline support.
  • This suggests that the bullish momentum is likely to continue, with further upside expected in the near term.

Tadawul 4100 : Makkah Construction and Development - MACD

Tadawul 4100 : Makkah Construction and Development - MACD
  • MACD line is just about to cross the signal line from the below, generates bullish signal.

Tadawul 4100 : Makkah Construction and Development - Stochastic

TADAWUL 4100 - MCDC - STOCHASTIC
Tadawul 4100 : Makkah Construction and Development - Stochastic
  • The K (Blue) line has just crossed the D (Orange) line from the below, generates bullish signal.

CONCLUSION - Tadawul 4100 : Makkah Construction and Development STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Makkah Construction and Development stock price target will be SAR 111 – SAR 113 in the next 14-15 trading sessions.

Tadawul 4100 : Makkah Construction and Development - TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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