- Naranj Research Desk
- 🇸🇦 Saudi Stock Market
- 🇺🇸 USA Stock Market
7% - 9%
12 - 14 Days
7% - 9%
12 - 14 Days
Almunajem Foods Company, established in 1950 and headquartered in Riyadh, Saudi Arabia, is a leading provider of food products through wholesale, retail, and food service channels. The company specializes in fruits, vegetables, frozen and chilled poultry and meat, canned goods, and various other food items. Its product portfolio includes chicken, meat, dairy products (such as cheese, butter, cream, and evaporated milk), french fries, olives and olive oil, seafood, avocado pulp, and basmati rice. Almunajem Foods also offers comprehensive logistical services, including storage and transportation. It caters to a diverse client base, including catering companies, airlines, hotels, restaurants (fast food to fine dining), cafes, juice shops, hypermarkets, supermarkets, mini markets, baqalas, small retailers, and individual consumers. The company operates as a subsidiary of Abdullah Ali Almunajem Sons Company.
ALMUNAJEM — TASI —
Current RSI of this stock is 70.05, which indicates the strength of buyers.
MACD line has crossed the signal line from the below, generates bullish signal.
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.
Based on our Prime trade advice for Saudi Tadawul, Almunajem Foods stock price target will be SAR 83.5 - SAR 84 in the next 12-14 trading sessions.
Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.
Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.
Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.
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