- Naranj Research Desk
- 🇸🇦 Saudi Stock Market
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Saudi Cable company is engaged in the production and distribution of electrical and telecommunications cables both within the Kingdom of Saudi Arabia and on an international scale. The company operates through two primary segments: the sale of manufactured goods and turnkey power and telecommunication Projects. Its product offerings include copper rods, PVC compounds, wooden reels, and various related items. Additionally, the company is involved in the contracting, trading, and distribution of cables, electronic products, information technology solutions, and associated accessories. Saudi Cable company also provides electrical and telecommunication services, participates in international trade, and manufactures as well as distributes electronic equipment and goods. Established in 1975, the company is headquartered in Jeddah, Saudi Arabia.
Saudi Cable — TASI —
Right Side: Inset view of the recent price action, displaying candlestick chart
Current RSI of this stock is 60.35, which indicates the strength of buyers.
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 swing trading advice for Saudi Tadawul, Saudi Cable company stock price target will be SAR 99.5 - SAR 100 in the next 12-14 trading sessions.
