Tadawul 4322 : Retal Urban Development - STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 13.6 – 13.8 |
| Target | 14.4 – 14.5 |
| StopLoss* | below 13.1 |
| Duration | 12-14 Trading Days |
| Potential Returns | 4% – 5% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 13.6 – 13.8 | 14.4 – 14.5 | below 13.1 | 12-14 Trading Days | 4% – 5% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 4322 : Retal Urban Development - STOCK OVERVIEW
Retal Urban Development Company is a subsidiary of Al Fozan Holding Company, based in Al-Khobar, Saudi Arabia. It specializes in real estate construction, development, sales, rental, brokerage, management, and maintenance in the Kingdom of Saudi Arabia. The company manages residential and non-residential buildings, provides general contracting services, and manages construction projects. It also manages factories, shopping malls, and infrastructure construction projects. Retal Urban Development Company was incorporated in 2012 and is involved in various activities such as land purchase, sale, and general cleaning.
| Stock Data | |
| TADAWUL Code | 4322 |
| Sectoral Index | Real Estate Management |
| 52 Weeks High | 13.98 |
| 52 Weeks Low | 7.85 |
Tadawul 4322 : Retal Urban Development - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Retal — TASI —
Tadawul 4322 : Retal Urban Development - TECHNICAL ANALYSIS (DAILY)
- The stock price previously encountered a robust rejection around the 11.5 to 11.8 range, resulting in a notable decline.
- This drop brought the price down to the 7.8 level, where it discovered solid support.
- From that point, the price began to ascend, and after a prolonged effort, it successfully surpassed its former resistance zone by breaking through the Rounding Bottom pattern that had formed during the consolidation period.
- Following this breakout, the stock price has continued to rise and is now trading at an all-time high, with strong expectations for reaching even greater heights in the near future.
Tadawul 4322 : Retal Urban Development - RSI
- Current RSI of this stock is 63.32, which indicates the strength of buyers.
Tadawul 4322 : Retal Urban Development - EMA CROSS
- 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.
Tadawul 4322 : Retal Urban Development - ADX & DI
- 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.
CONCLUSION - Tadawul 4322 : Retal Urban Development STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, Retal Urban Development stock price target will be SAR 14.4 – SAR 14.5 in the next 12-14 trading sessions.
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