Tadawul 4150 : Arriyadh Development - STOCK RECOMMENDATION
Idea | BUY |
Buy Range | 27.25 – 27.9 |
Target | 29.25 – 29.5 |
StopLoss* | below 26.85 |
Duration | 10-12 Trading Days |
Potential Returns | 5% – 6% |
Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
BUY | 27.25 – 27.9 | 29.25 – 29.5 | below 26.85 | 10-12 Trading Days | 5% – 6% |
* Once the first target hit, reset the StopLoss at your buying price.
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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 Mgmt & Dev’t |
52 Weeks High | 28.1 |
52 Weeks Low | 18.58 |
Tadawul 4150 : Arriyadh Development - RELATIVE STRENGTH
Relative Performance - Last 1 Year
ARDCO — TASI —
Tadawul 4150 : Arriyadh Development - TECHNICAL ANALYSIS (DAILY)
- An Inverted Head & Shoulders pattern was established earlier, and after the breakout, the price ascended to the 26 level, where it encountered considerable resistance.
- This rejection resulted in a decline in the stock price, leading to a subsequent consolidation phase.
- This consolidation has evolved into a Cup & Handle pattern, and following a recent breakout, the price is currently trending upward.
Tadawul 4150 : Arriyadh Development - RSI
- Current RSI of this stock is 69.97, which indicates the strength of buyers.
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
- 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 29.25 – SAR 29.5 in the next 10-12 trading sessions.