Tadawul 6050 : Saudi Fisheries vs TASI - Relative Strength Comparison

Tadawul 6050 : Saudi Fisheries - Technical Analysis (Daily)

• After a huge downfall, price is currently trading near its trendline support level.
• We have witnessed a sharp recovery from this level before.
• A strong bullish candle has been formed at last trading session, which is possibly an indication that the price may go upside.

Tadawul 6050 : Saudi Fisheries - MACD Indicator

• 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 6050 : Saudi Fisheries - EMA Crossover

• The short length exponential moving average (10 EMA) is about to cross 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 6050 : Saudi Fisheries - OBV Indicator

• 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.

Tadawul 6050 : Saudi Fisheries - Candlestick Pattern Analysis

• Different types of bullish candlestick pattern ( Bullish engulfing pattern, strong bullish candle) has been formed at near the support level, which shows the strength o the buyers at the level.

Conclusion - Tadawul 6050 : Saudi Fisheries Stock Price Forcast

Based on our Saudi Tadawul stocks advice, Saudi Fisheries stock price target will be SAR 25.5 - SAR 26 in the next 10-12 trading sessions.