Tadawul 4090 : Taiba Investments - STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 40.5 – 41.5 |
| Target | 44.5 – 45 |
| StopLoss* | below 38.5 |
| Duration | 14-15 Trading Days |
| Potential Returns | 7% – 8% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 40.5 – 41.5 | 44.5 – 45 | below 38.5 | 14-15 Trading Days | 7% – 8% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 4090 : Taiba Investments - STOCK OVERVIEW
TAIBA operates within the Real Estate sector focusing on Diversified Real Estate Activities. It is involved in owning, investing, buying, selling, leasing, managing, operating, and maintaining properties, real estate, hotels, hospitals and entertainment, and tourist centers. It also engages in agricultural, industrial, and mining activities, as well as in wholesale trading and retail in consumer goods and agricultural, mechanical, and electronic equipment, machinery, and devices. TAIBA is based in Medina, Saudi Arabia and was established in September 1988.
| Stock Data | |
| TADAWUL Code | 4090 |
| Sectoral Index | Real Estate Mgmt & Dev’t |
| 52 Weeks High | 48 |
| 52 Weeks Low | 25.1 |
Tadawul 4090 : Taiba Investments - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Taiba Investments — TASI —
Tadawul 4090 : Taiba Investments - TECHNICAL ANALYSIS (DAILY)
- During a significant consolidation period, a Double Bottom pattern emerged in the price action.
- Following the breakout, there was a strong upward rally.
- A bullish Pennant pattern has now formed on the chart, signaling a positive outlook.
- With a powerful breakout, the price is continuing its upward momentum and has reached a 52-week high at 48.
- However, there was a sharp correction bringing the price down to 38.
- Nevertheless, the price has started moving upwards once more and is anticipated to sustain its upward trajectory.
Tadawul 4090 : Taiba Investments - 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 4090 : Taiba Investments - MACD
- MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.
Tadawul 4090 : Taiba Investments - OBV
- The OBV line is moving in the same upward direction which means there is a positive sentiment in the market. Also the significant price up move accompanying with increasing OBV volume suggests strong buying pressure.
CONCLUSION - Tadawul 4090 : Taiba Investments STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, Taiba Investments stock price target will be SAR 44.5 – SAR 45 in the next 14-15 trading sessions.
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