Tadawul 2370 : Middle East Specialized Cables - STOCK RECOMMENDATION
Idea | BUY |
Buy Range | 37.2 – 38.2 |
Target | 40.5 – 41.5 |
StopLoss* | below 36 |
Duration | 12-14 Trading Days |
Potential Returns | 7% – 9% |
Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
BUY | 37.2 – 38.2 | 40.5 – 41.5 | below 36 | 12-14 Trading Days | 7% – 9% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 2370 : Middle East Specialized Cables - STOCK OVERVIEW
Middle East Specialized Cables is a leading company in the cable manufacturing industry. Headquartered in Riyadh, they specialize in production and sale of high-quality cables for various applications. With an impressive range of products from flexible electric, coaxial, rubber and nylon coated wires and cables, telephone cables for internal extensions, computer cables, safety to, anti-fire wires and cables and control and transmission of information cables, they have established a strong presence in the market. Their commitment to quality and innovation has positioned them as a trusted provider of reliable and efficient cable solutions. Middle East Specialized Cables has managed to maintain a solid reputation in Saudi Arabia and UAE.
Stock Data | |
TADAWUL Code | 2370 |
Sectoral Index | Capital Goods |
52 Weeks High | 39.9 |
52 Weeks Low | 14.46 |
Tadawul 2370 : Middle East Specialized Cables - RELATIVE STRENGTH

Relative Performance - Last 1 Year
Middle East Specialized Cables — TASI —
Tadawul 2370 : Middle East Specialized Cables - TECHNICAL ANALYSIS (DAILY)

- Analyzing the daily chart indicates that the stock is currently experiencing an upward trend.
- Earlier, the price established a Rounding Bottom pattern, and following the breakout, it surged initially before pulling back to the breakout level for a retest.
- Subsequently, the stock price began to rise once more and is now navigating through a rising parallel channel.
- There is a strong expectation that the price will break through this channel, paving the way for further upward movement.
Tadawul 2370 : Middle East Specialized Cables - RSI

- Current RSI of this stock is 67.58, which indicates the strength of buyers.
Tadawul 2370 : Middle East Specialized Cables - MACD

- MACD line has crossed the signal line from the below, generates bullish signal.
Tadawul 2370 : Middle East Specialized Cables - EMA CROSS

- The short length exponential moving average (10 EMA) has just 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 2370 : Middle East Specialized Cables STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, Middle East Specialized Cables stock price target will be SAR 40.5 – SAR 41.5 in the next 12-14 trading sessions.