Tadawul 8240 : CHUBB Arabia Cooperative Insurance - STOCK RECOMMENDATION
Idea | BUY |
Buy Range | 33 – 35 |
Target | 38 – 39 |
StopLoss* | below 30.5 |
Duration | 12-14 Trading Days |
Potential Returns | 10% – 11% |
Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
BUY | 33 – 35 | 38 – 39 | below 30.5 | 12-14 Trading Days | 10% – 11% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 8240 : CHUBB Arabia Cooperative Insurance - STOCK OVERVIEW
Emaar The Economic City is actively involved in the real estate development sector within various economic zones across Saudi Arabia. The company focuses primarily on the King Abdullah Economic City, where it undertakes a range of projects. Its activities include building infrastructure, marketing and selling land in development areas, leasing land, and constructing residential and commercial properties for other entities. Additionally, Emaar The Economic City manages the sale and lease of land and units for both residential and commercial use. The company also operates educational institutions, hotels, resorts, and leisure clubs, along with providing utilities and city management services. Established in 2006, Emaar The Economic City is headquartered in King Abdullah Economic City, Saudi Arabia.
Stock Data | |
TADAWUL Code | 8240 |
Sectoral Index | Insurance |
52 Weeks High | 44.2 |
52 Weeks Low | 17.84 |
Tadawul 8240 : CHUBB Arabia Cooperative Insurance - RELATIVE STRENGTH

Relative Performance - Last 1 Year
CHUBB Arabia Cooperative Insurance — TASI —
Tadawul 8240 : CHUBB Arabia Cooperative Insurance - TECHNICAL ANALYSIS (DAILY)

- The price previously consolidated and created a Rounding Bottom pattern.
- After breaking out, the stock price soared to the 39 level, where it faced resistance.
- Consequently, the price declined, then consolidated once more, forming another Rounding Bottom pattern.
- Following the next breakout, the price climbed to an all-time high close to the 44 level, encountering resistance multiple times, which resulted in the formation of a Double Bottom pattern.
- This resulted in yet another drop, causing the price to plummet directly to the 24 level.
- From that point, the stock price rebounded and recently broke through the trendline resistance, bolstered by significant trading volume.
- It is anticipated that this upward movement will persist.
Tadawul 8240 : CHUBB Arabia Cooperative Insurance - RSI

- Current RSI of this stock is 66.30, which indicates the strength of buyers.
Tadawul 8240 : CHUBB Arabia Cooperative Insurance - MACD

- MACD line has just crossed the signal line from the below, generates bullish signal.
Tadawul 8240 : CHUBB Arabia Cooperative Insurance - EMA Cross

- The short length exponential moving average (10 EMA) has just crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last dayโs candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
CONCLUSION - Tadawul 8240 : CHUBB Arabia Cooperative Insurance STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, CHUBB Arabia Cooperative Insurance stock price target will be SAR 38 – SAR 39 in the next 12-14 trading sessions.