Tadawul 4220 : Emaar The Economic City - STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 8 – 8.1 |
| Target | 8.4 – 8.5 |
| StopLoss* | below 7.85 |
| Duration | 10-12 Trading Days |
| Potential Returns | 4 – 5% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 8 – 8.1 | 8.4 – 8.5 | below 7.85 | 10-12 Trading Days | 4 – 5% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 4220 : Emaar The Economic City - STOCK OVERVIEW
Emaar the Economic City, is headquartered in Jeddah, Saudi Arabia. EEC is a Tadawul-listed Saudi Arabian public joint-stock company established in 2006 and is 25% owned by the Public Investment Fund (PIF). KAEC is an emerging city located on the Red Sea coast of Saudi Arabia. It is anchored by King Abdullah Port, known as the most efficient port in the world. KAEC Industrial Valley focuses on logistics and light manufacturing, with over 100 multinational and Saudi companies already established there. The city is well-connected to transportation networks, including the Haramain high-speed railway and Saudi National Highways. KAEC offers a leisure and tourism district with coastline, hotels, and a golf course. In 2021, the city welcomed over 1 million visitors and has residential communities for full-time residents and second homeowners. KAEC aligns with Saudi Arabia’s Vision 2030 initiatives, contributing to objectives such as attracting foreign investment, developing tourism, creating jobs, and promoting non-oil exports.
| Stock Data | |
| TADAWUL Code | 4220 |
| Sectoral Index | Real Estate Management & Development |
| 52 Weeks High | 10.1 |
| 52 Weeks Low | 6.96 |
Tadawul 4220 : Emaar The Economic City - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Emaar The Economic City — TASI —
Tadawul 4220 : Emaar The Economic City - TECHNICAL ANALYSIS (DAILY)
- After the breakout of the Rounding Bottom pattern, price reached to 10 level.
- From there the price got rejected for two times consecutively.
- As a result, we have witnessed a sharp downfall which has got the price down straight at around 7 level.
- From this level, price started moving upside and making Higher Highs and Lows.
- Volume is also increasing slowly.
- All these factors indicates that the price may go upside further in coming days.
Tadawul 4220 : Emaar The Economic City - Volume Profile
From the volume profile image, we can see that the highest volume is organizing at current level, which gives a positive indication.
Tadawul 4220 : Emaar The Economic City - MA Cross
The short length moving average (15 EMA) has crossed the long length moving average (30 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 4220 : Emaar The Economic City STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, Emaar The Economic City stock price target will be SAR 8.4 – SAR 8.5 in the next 12-14 trading sessions.
Tadawul 4220: Emaar The Economic City - TRADINGVIEW POSITION UPDATE
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