- Naranj Research Desk
- 🇸🇦 Saudi Stock Market
- 🇺🇸 USA Stock Market
Saudi Ceramics is a renowned leader in the ceramics sector and a bold participant in the Tadawul, the Saudi stock market. Through its unwavering dedication to excellence, innovation, and customer contentment, Saudi Ceramics has garnered significant triumph. The company is engaged in the importation of associated machinery, equipment, and other accessories. It conducts its business activities through two segments: Ceramic Tiles and Sanitary Ware, as well as Water Heaters. The company is widely recognized for its extensive selection of ceramic goods and exceptional artistry, solidifying its position as a trustworthy and dependable option for customers in pursuit of top-tier ceramics.
SAUDI CERAMICS — TASI —
The current RSI of the stock is 74.08, shows strength of buyers. RSI line is also in a uptrend, which is very positive signal.
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.
MACD line has crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.
Based on our Saudi stocks trading guidance, Saudi Ceramic stock price target will be SAR 32.8 - SAR 33.2 in the next 10-12 trading sessions.
