Tadawul 4230 : Red Sea International - STOCK RECOMMENDATION
Idea | BUY |
Buy Range | 37.5 – 39 |
Target | 42.5 – 44 |
StopLoss* | below 35 |
Duration | 12-14 Trading Days |
Potential Returns | 10% – 13% |
Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
BUY | 37.5 – 39 | 42.5 – 44 | below 35 | 12-14 Trading Days | 10% – 13% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 4230 : Red Sea International - STOCK OVERVIEW
Red Sea International Company, based in Riyadh, Saudi Arabia, specializes in modular building solutions across Saudi Arabia, the UAE, and globally. They develop, construct, sell, and lease residential and commercial properties, including temporary and semi-permanent industrial buildings like workforce accommodations, offices, and hospitals. The company also provides housing solutions for both private and public sectors, along with building materials, general contracting, maintenance, and utility construction services. Established in 1967, Red Sea International serves various sectors, including oil and gas, infrastructure, and defense, and is a subsidiary of Al Dabbagh Group Holding Company Limited.
Stock Data | |
TADAWUL Code | 4230 |
Sectoral Index | Real Estate Management |
52 Weeks High | 41 |
52 Weeks Low | 19.9 |
Tadawul 4230 : Red Sea International - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Red Sea International — TASI —
Tadawul 4230 : Red Sea International - TECHNICAL ANALYSIS (DAILY)
- Following a significant decline, the stock has entered a prolonged consolidation phase.
- During this time, an Inverted Head & Shoulders pattern has formed, indicating a possible reversal in trend.
- Recently, a breakout occurred, accompanied by a notable increase in volume, positioning the price for upward movement.
Tadawul 4230 : Red Sea International - RSI
- Current RSI of this stock is 84.77, which indicates the strength of buyers.
Tadawul 4230 : Red Sea International - 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.
Tadawul 4230 : Red Sea International - MACD
- MACD line has crossed the signal line from the below, generates bullish signal.
CONCLUSION - Tadawul 4230 : Red Sea International : Riyad Bank STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, Red Sea International stock price target will be SAR 42.5 – SAR 44 in the next 12-14 trading sessions.