Tadawul 4008 : Saudi Company for Hardware - STOCK RECOMMENDATION
Idea | BUY |
Buy Range | 37 – 38 |
Target | 40.5 – 41 |
StopLoss* | below 35.5 |
Duration | 14-15 Trading Days |
Potential Returns | 7 – 8% |
Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
BUY | 37 – 38 | 40.5 – 41 | below 35.5 | 14-15 Trading Days | 7 – 8% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 4008 : Saudi Company for Hardware - STOCK OVERVIEW
Saudi Company for Hardware or SACO headquartered in Riyadh, Saudi Arabia, stands as a leading import, export, wholesale, and retail provider of home improvement products in Saudi Arabia, known for its extensive reach. With a robust presence in 19 cities across the Kingdom, SACO operates a total of 35 stores, including five expansive SACO World superstores. Spanning from 2,000 to 24,500 square meters, these retail spaces offer an impressive selection of over 45,000 diverse products. Its wide range of offerings includes automotive, bed and bath, building materials, electrical and power supplies, electrical appliances, furniture, hardware, houseware, lawn and garden, lighting, outdoors, paint and sundries, plumbing supplies and fixtures, sports and accessories, storage and organization, tools, and toys. The company operates through two main segments: Sales and Services, which focuses on selling goods to retail and wholesale customers, and Logistic Services, which provides logistics solutions such as freight forwarding, transportation, and contract logistics to clients.
Stock Data | |
TADAWUL Code | 4008 |
Sectoral Index | Consumer Discretionary Distribution & Retail |
52 Weeks High | 45.7 |
52 Weeks Low | 24.9 |
Tadawul 4008 : Saudi Company for Hardware - RELATIVE STRENGTH

Relative Performance - Last 1 Year
Saudi Company for Hardware — TASI —
Tadawul 4008 : Saudi Company for Hardware - TECHNICAL ANALYSIS (DAILY)

- Previously, the price was moving downwards, through a parallel channel.
- Price has made a low at near 25 level.
- After that, price started moving upside slowly.
- With a breakout of the previous resistance level, price has given a sharp upside move and reached at 46 level.
- Then the price started consolidating and came back to the previous breakout zone to retest.
- With the descent volume rise, price is currently moving upside.
Tadawul 4008 : Saudi Company for Hardware - Technical Indicator - MACD

MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.
Tadawul 4008 : Saudi Company for Hardware - Technical Indicator- EMA cross

The short length exponential moving average (5 EMA) has crossed the long length exponential moving average (10 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 4008 : Saudi Company for Hardware - Technical Indicator- 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 4008 : Saudi Company for Hardware STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, Saudi Company for Hardware stock price target will be SAR 40.5 – SAR 41 in the next 14-15 trading sessions.
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๐ ูุตุงุฆุญ ุงูุชุฏุงูู ุงูู ู ูุฒุฉ - Prime A
— Naranj Capital ูุงุฑุงูุฌ ูุงุจูุชุงู (@NaranjCapital) April 22, 2024
๐ผ ุงููุทุงุน: ุงูุชูุฒูุน ุงูุชูุฏูุฑู ููู ุณุชููู ูุงูุชุฌุฒุฆุฉ
๐ฐ ุงูุนูุงุฆุฏ ุงูู ุญุชู ูุฉ: 7% - 8% ุฎูุงู 14 - 15 ููู ุชุฏุงูู
๐ ูุตุงุฆุญ ุงูุชุฏุงูู ุงูู ู ูุฒุฉ - Prime B
๐ผ ุงููุทุงุน: ุฎุฏู ุงุช ุงูู ุณุชููู
๐ฐ ุงูุนูุงุฆุฏ ุงูู ุญุชู ูุฉ: 7% - 9% ุฎูุงู 12 - 14 ููู ุชุฏุงูู
๐ ูุตุงุฆุญ ุงูุชุฏุงูู ุงูู ู ูุฒุฉ - Primeโฆ pic.twitter.com/80jG9rumjv