Tadawul 2110 : Saudi Cable Company - STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 73 – 75.5 |
| Target | 81 – 82 |
| StopLoss* | below 71 |
| Duration | 14-15 Trading Days |
| Potential Returns | 8% – 9% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 73 – 75.5 | 81 – 82 | below 71 | 14-15 Trading Days | 8% – 9% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 2110 : Saudi Cable Company - STOCK OVERVIEW
Saudi Cable Company is engaged in the production and distribution of electrical and telecommunications cables both within the Kingdom of Saudi Arabia and on an international scale. The company operates through two primary segments: the Sale of Manufactured Goods and Turnkey Power and Telecommunication Projects. Its product offerings include copper rods, PVC compounds, wooden reels, and various related items. Additionally, the company is involved in the contracting, trading, and distribution of cables, electronic products, information technology solutions, and associated accessories. Saudi Cable Company also provides electrical and telecommunication services, participates in international trade, and manufactures as well as distributes electronic equipment and goods. Established in 1975, the company is headquartered in Jeddah, Saudi Arabia.
| Stock Data | |
| TADAWUL Code | 2110 |
| Sectoral Index | Capital Goods |
| 52 Weeks High | 109.4 |
| 52 Weeks Low | 55.5 |
Tadawul 2110 : Saudi Cable Company - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Saudi Cable Company — TASI —
Tadawul 2110 : Saudi Cable Company - TECHNICAL ANALYSIS (DAILY)
- Following a short period of consolidation, the price has formed a Symmetrical Triangle pattern.
- Currently, the stock price sits just above the trendline resistance, poised for an upward movement.
- Additionally, the increasing trading volume suggests that buying activity may be taking place.
Tadawul 2110 : Saudi Cable Company - RSI
- The current RSI for this stock is 52.01, showing a rebound close to the 20 level, which suggests strong buying activity.
Tadawul 2110 : Saudi Cable Company - EMA Cross
- 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 dayโs candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
Tadawul 2110 : Saudi Cable Company - MACD
- MACD line is about to cross the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.
CONCLUSION - Tadawul 2110 : Saudi Cable Company STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, Saudi Cable Company stock price target will be SAR 81 – SAR 82 in the next 14-15 trading sessions.
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