Tadawul 4322 : Retal Urban Development vs TASI - Relative Strength Comparison

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 Indicator

• Current RSI of this stock is 63.32, which indicates the strength of buyers.

Tadawul 4322 : Retal Urban Development - ADX & DI Indicator

• 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.

Tadawul 4322 : Retal Urban Development - EMA Crossover

• 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.

Conclusion - Tadawul 4322 : Retal Urban Development Stock Price Forecast

Based on our Saudi stocks trading calls, Retal Urban Development stock price target will be SAR 14.4 - SAR 14.5 in the next 12-14 trading sessions.