Tadawul 2080 : National Gas and Industrialization - STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 89 – 92 |
| Target | 97 – 99 |
| StopLoss* | below 86 |
| Duration | 12-14 Trading Days |
| Potential Returns | 5% – 8% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 89 – 92 | 97 – 99 | below 86 | 12-14 Trading Days | 5% – 8% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 2080 : National Gas and Industrialization - STOCK OVERVIEW
Astra Industrial Group is headquartered in Riyadh, Saudi Arabia. The company engages in the production, marketing and distribution of medicine and pharmaceutical products, polymer compounds, plastic additives, color concentrates and other plastic products, pre-engineered steel buildings and steel structures in Saudi Arabia and abroad. Astra Industries focuses on three areas of activities in energy sector; power generation, distribution and substations and power rental.
Astra Farms is engaged in production of fruits, vegetables, flowers, quails, poultry, dairy and processed food.
Astra Grains: primarily located in Jeddah and is engaged in the general trading of food commodities, such as nuts, pulses, spices, edible oils, coffee, rice and more.
Astra Commercial: serves the North Western part of Saudi Arabia. This branch is engaged in the retail and wholesale business of grocery items, bakery, gas station. Apart from these Astra Industries also engaged in the services of mining, financial services and investment, education & healthcare, real estate and hospitality, media and telecommunication.
The group subsidiaries conduct their businesses inside and outside Kingdom of Saudi Arabia.
| Stock Data | |
| TADAWUL Code | 2080 |
| Sectoral Index | Utilities |
| 52 Weeks High | 93.7 |
| 52 Weeks Low | 56.1 |
Tadawul 2080 : National Gas and Industrialization - RELATIVE STRENGTH
Relative Performance - Last 1 Year
National Gas and Industrialization — TASI —
Tadawul 2080 : National Gas and Industrialization - TECHNICAL ANALYSIS (DAILY)
- Before, the price was trading within a box pattern.
- With a powerful breakout and, the price rose and began creating higher highs and lows.
- After hitting a record high, the price experienced a notable correction and dropped close to the 137 level.
- With rising volume, the price resumed its upward movement.
Tadawul 2080 : National Gas and Industrialization - RSI
- Current RSI of this stock is 62.57, which indicates the strength of buyers.
Tadawul 2080 : National Gas and Industrialization - MACD
- MACD line has crossed the signal line from the below, generates bullish signal.
Tadawul 2080 : National Gas and Industrialization - 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 2080 : National Gas and Industrialization STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, National Gas and Industrialization stock price target will be SAR 97 – SAR 99 in the next 12-14 trading sessions.
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