Tadawul 4291 : NCLE vs TASI - Relative Strength Comparison

Tadawul 4291 : NCLE - Technical Analysis (Daily)

• The stock has demonstrated a robust uptrend, characterized by a series of higher highs and higher lows.
• After initially forming a Rounding Bottom, it experienced a significant rally.
• However, resistance near the 183 level caused a temporary pullback.
• Following a consolidation period and a successful breakout from a Symmetrical Triangle, the stock reached a new all-time high near the 227 level.
• A recent bullish Pole & Flag pattern, formed after a brief retracement to the breakout level, indicates strong potential for continued upward momentum.

Tadawul 4291 : NCLE - RSI Indicator

• Current RSI of this stock is 56.94, which indicates the strength of buyers.

Tadawul 4291 : NCLE - ADX & DI Indicator

• 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.

Tadawul 4291 : NCLE - EMA Crossover

• The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

Conclusion - Tadawul 4291 : NCLE Stock Price Forecast

Based on our trading signals of Saudi stock market, NCLE stock price target will be SAR 225 - SAR 225 in the next 12-14 trading sessions.