Tadawul 4261 : Theeb Rent a Car - STOCK RECOMMENDATION
Idea | BUY |
Buy Range | 73 – 74.2 |
Target | 78 – 78.5 |
StopLoss* | below 70 |
Duration | 12-14 Trading Days |
Potential Returns | 5% – 6% |
Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
BUY | 73 – 74.2 | 78 – 78.5 | below 70 | 12-14 Trading Days | 5% – 6% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 4261 : Theeb Rent a Car - STOCK OVERVIEW
Theeb, an automobile rental company established in 1991 and headquartered in Riyadh, Saudi Arabia, specializes in providing car rental and leasing services within the Kingdom. Their offerings include both short and long-term leasing options, as well as additional services such as roadside assistance and well-maintained, insured vehicle fleets. With 48 branches strategically located throughout the Kingdom, including international and regional airports, Theeb boasts an impressive fleet of approximately 19,000 vehicles. Additionally, the company also facilitates the sale of used vehicles.
Stock Data | |
TADAWUL Code | 4261 |
Sectoral Index | Transportation |
52 Weeks High | 78.4 |
52 Weeks Low | 57.4 |
Tadawul 4261 : Theeb Rent a Car - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Theeb Rent a Car — TASI —
Tadawul 4261 : Theeb Rent a Car - TECHNICAL ANALYSIS (DAILY)
- The price had earlier established a Double Top pattern, which was followed by a significant decline after the pattern broke down.
- Eventually, it discovered support around the 58 level and created a Double Bottom pattern, accompanied by a brief consolidation phase.
- After a breakout, the stock price soared but encountered a robust rejection near the 74 level.
- As a result, the price retreated back to its support level.
- However, with a rebound, the stock price recently overcame its trendline resistance.
- If it can maintain its position above this breakout point, we may anticipate further upward movement.
Tadawul 4261 : Theeb Rent a Car - RSI
- Current RSI of this stock is 66.78, which indicates the strength of buyers.
Tadawul 4261 : Theeb Rent a Car - MACD
- MACD line has crossed the signal line from the below, generates bullish signal.
Tadawul 4261 : Theeb Rent a Car - EMA Cross
- The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last dayโs candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
CONCLUSION - Tadawul 4261 : Theeb Rent a Car STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, Theeb Rent a Car stock price target will be SAR 78 – SAR 78.5 in the next 12-14 trading sessions.