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Saudi Prime Trading Advice (A) | 29-Jul-2024 | Expected Gain 6%-7%

SHORT TERM TRADING ADVICE IN SAUDI ARABIA

 BUY   Arriyadh Development (TADAWUL: 4150)

Tadawul 4150 : Arriyadh Development - STOCK RECOMMENDATION

Idea BUY
Buy Range 23.25 – 23.75
Target 25 – 25.5
StopLoss* below 22.75
Duration 14-15 Trading Days
Potential Returns 6% – 7%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 23.25 – 23.75 25 – 25.5 below 22.75 14-15 Trading Days 6% – 7%

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

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

 Tradingview position update

Tadawul 4150 : Arriyadh Development - STOCK OVERVIEW

Arriyadh Development Co. is a company in Saudi Arabia that buys and sells land and real estate. It has different segments for commercial centers, public benefit, lands and contributions, and common assets and liabilities. The company also does off-plan sales, manages and leases properties, develops residential and commercial buildings, and sells new and used private cars. It was founded in 1993 and is based in Riyadh, Saudi Arabia.

Stock Data
TADAWUL Code 4150
Sectoral Index Real Estate Management & Development
52 Weeks High 25.85
52 Weeks Low 18.58

Tadawul 4150 : Arriyadh Development - RELATIVE STRENGTH

Tadawul 4150-Arriyadh Development-Relative Strength

Relative Performance - Last 1 Year

Arriyadh Development —     TASI —

Tadawul 4150 : Arriyadh Development - TECHNICAL ANALYSIS (DAILY)

Tadawul 4150 : Arriyadh Development - Technical Analysis (Daily)
  • The stock went through a period of consolidation and developed an Inverted Head & Shoulder pattern.
  • After breaking out of this pattern, the price rose, but then entered another consolidation phase and formed a Symmetrical Triangle pattern.
  • After breaking out of the triangle, the stock price surged upwards but failed to maintain its uptrend and was rejected near the 26 level.
  • Eventually, the price found support near the 21 level and formed a Double Bottom pattern.
  • Recently, the stock price broke through the pattern with strong volume support and remained above the breakout zone.
  • It is anticipated that the price may continue to rise from its current level.

Tadawul 4150 : Arriyadh Development - RSI

Tadawul 4150 : Arriyadh Development - RSI
  • Current RSI of this stock is 72.89, which indicates the strength of buyers.

Tadawul 4150 : Arriyadh Development - MACD

Tadawul 4150 : Arriyadh Development - MACD
  • MACD line has just crossed the signal line from the below, generates bullish signal.

Tadawul 4150 : Arriyadh Development - ADX & DI

Tadawul 4150 : Arriyadh Development - 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 4150 : Arriyadh Development STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Arriyadh Development stock price target will be SAR 25 – SAR 25.5 in the next 14-15 trading sessions.

Tadawul 4150 : Arriyadh Development - TRADINGVIEW POSITION UPDATE

اشتر التعمير by NaranjCapital on TradingView.com

<!-- TradingView Chart END --

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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Pricing

Pricing (in SAR)

  • 15 advice         SAR 1500               --             SAR 1500
  • 45 advice         SAR 4500        20% OFF       SAR 3600
  • 90 advice         SAR 9000        33% OFF       SAR 6000
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  • 15 advice                            SAR 1500
            --        
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     35% OFF 
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     50% OFF 
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