Tadawul 4090 : Taiba Investments vs TASI - Relative Strength Comparison

Tadawul 4090 : Taiba Investments - Technical Analysis (Daily)

• The stock has gone through a prolonged period of consolidation and has recently surpassed a key resistance level, backed by robust trading volume.
• After this breakout, the price initially rose but then retraced to the breakout area, and it is now beginning to rise again.

Tadawul 4090 : Taiba Investments - RSI Indicator

• Current RSI of this stock is 68.10, which indicates the strength of buyers.

Tadawul 4090 : Taiba Investments - ADX & DI Indicator

• 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.

Tadawul 4090 : Taiba Investments - EMA Crossover

• 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 day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

Conclusion - Tadawul 4090 : Taiba Investments Stock Price Forcast

Based on our Prime Trade Advice for Saudi Tadawul, Taiba Investments stock price target will be SAR 51.3 - SAR 52.5 in the next 14-15 trading sessions.