Saudi Prime Trading Advice (A) | 24-Sep-2024 | Expected Gain 5%-6%

 BUY   NCLE (TADAWUL: 4291)

Tadawul 4291 : NCLE - STOCK RECOMMENDATION

Idea BUY
Buy Range 206 – 212
Target 222 – 225
StopLoss* below 201
Duration 12-14 Trading Days
Potential Returns 5% – 6%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 206 – 212 222 – 225 below 201 12-14 Trading Days 5% – 6%

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

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Tadawul 4291 : NCLE - STOCK OVERVIEW

The National Company for Learning & Education in Saudi Arabia, headquartered in Riyadh, is a prominent organization in the education sector. It engages in the ownership, establishment, management, and operation of private schools for providing educational services and resources to students and educators in the country. The company also invests in sports fields, entertainment, and student sports clubs.

Stock Data
TADAWUL Code 4291
Sectoral Index Consumer Services
52 Weeks High 227.2
52 Weeks Low 91.3

Tadawul 4291 : NCLE - RELATIVE STRENGTH

Tadawul 4291-Ncle-Relative Strength

Relative Performance - Last 1 Year

NCLE —     TASI —

Tadawul 4291 : NCLE - TECHNICAL ANALYSIS (DAILY)

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

Tadawul 4291 : NCLE - RSI
  • Current RSI of this stock is 56.94, which indicates the strength of buyers.

Tadawul 4291 : NCLE - EMA Cross

Tadawul 4291-Ncle-EMA Cross
Tadawul 4291 : NCLE - EMA Cross
  • 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.

Tadawul 4291 : NCLE - ADX & DI

Tadawul 4291 : NCLE - ADX & DI
  • 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.

CONCLUSION - Tadawul 4291 : NCLE STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, NCLE stock price target will be SAR 222 – SAR 225 in the next 12-14 trading sessions.

Tadawul 4291 : NCLE - 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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