Tadawul trade advice (B): Saudi telecommunication services stock | 8-9% gain | KSA stock trading signal on 26 Aug 2024

Date
August 26, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
Tadawul, Saudi Arabia

Stoploss reached. Trade closed.

ZAIN KSA 7030

41 days
4 Nov 2024
26 Aug 2024
Loss per
100,000 SAR
41 days
-4,545
Stop-loss
4 Nov 2024
10.5
Buy Advice
26 Aug 2024
11 – 11.3
Target 1
12
Target 2
12.35
Profit per
100,000 SAR
-4,545
10.5
11 – 11.3
12
12.35
41 days
4 Nov 2024
26 Aug 2024
Loss per
100,000 SAR
41 days
-4,545
Stop-loss
4 Nov 2024
10.5
Buy Advice
26 Aug 2024
11 – 11.3
Target 1
12
Target 2
12.35
Profit per
100,000 SAR
-4,545
10.5
11 – 11.3
12
12.35
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Zain Saudi Arabia
  • 11 – 11.3
  • 12 – 12.35
  • Below 10.5
  • 8% – 9%
  • 12 - 14 Days
  • Buy Zain Saudi Arabia
  • Buy
    Range
    11 – 11.3
  • Target 12 – 12.35
  • Stoploss Below 10.5
  • Upside
    Potential
    8% – 9%
  • Trade
    Duration
    12 - 14 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Zain Saudi Arabia
  • 11 – 11.3
  • 12 – 12.35
  • Below 10.5
  • 8% – 9%
  • 12 - 14 Days
  • Buy
    Zain Saudi Arabia
  • Buy
    Range
    11 – 11.3
  • Target
    12 – 12.35
  • Stoploss
    Below 10.5
  • Upside
    Potential
    8% – 9%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Tadawul 7030 : Zain Saudi Arabia - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 7030
  • Zain KSA
  • Telecommunication Services
  • 15.18
  • 10.3
  • Tadawul code 7030
  • Stock Name Zain KSA
  • Sector Telecommunication Services
  • 52 Weeks High 15.18
  • 52 Weeks Low 10.3
  • Company profile

    Mobile Telecommunications Company Saudi Arabia provides mobile services throughout the Kingdom of Saudi Arabia. It handles the operation, purchase, delivery, distribution, sale, installation, management, and maintenance of mobile phone services and equipment. The company also offers consulting, fintech, and technical drone services, along with sales and repair services, and builds and repairs telecom towers. Additionally, it provides postpaid, prepaid, and home solutions, e-SIM, and 5G internet services, as well as devices like smartphones, tablets, routers, gaming consoles, smartwatches, and device bundles. Established in 2008, the company is located in Riyadh, Saudi Arabia, and operates as a subsidiary of Mobile Telecommunications Company K.S.C.P.

  • Tadawul 7030 : Zain Saudi Arabia vs TASI - Relative Strength Comparison

    The image showcases Zain Saudi Arabia's 1-year performance relative to TASI.
    Relative Performance - Last 1 Year
    ZAIN KSA —   TASI —

  • Tadawul 7030 : Zain Saudi Arabia - Technical Analysis (Daily)

    Zain Saudi Arabia - Technical Analysis chart on Daily Price and Volume
    Zain Saudi Arabia - Technical Analysis chart on Daily Price and Volume

    • After the price slipped below the Rising Wedge pattern, it entered a significant downtrend.
    • Once the stock hit a support level around 10, it bounced back and approached the earlier resistance point.
    • However, the stock encountered resistance once more at that level and then dropped back to the support area.
    • With a notable increase in volume, the price is now attempting to rally again.
  • Tadawul 7030 : Zain Saudi Arabia - RSI Indicator

    Zain Saudi Arabia stock analysis based on RSI indicator
    Zain Saudi Arabia - RSI Indicator

    • Current RSI of this stock is 66.44, which indicates the strength of buyers.

  • Tadawul 7030 : Zain Saudi Arabia - EMA Crossover

    Zain Saudi Arabia stock analysis based on EMA Crossover
    Zain Saudi Arabia - EMA Crossover

    • 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 day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Tadawul 7030 : Zain Saudi Arabia - MACD Indicator

    Zain Saudi Arabia stock analysis based on MACD indicator
    Zain Saudi Arabia - MACD Indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

  • Conclusion - Tadawul 7030 : Zain Saudi Arabia Stock Price Forecast

    Based on our short term trading tips for Saudi Tadawul, Zain Saudi Arabia stock price target will be SAR 12 - SAR 12.35 in the next 12-14 trading sessions.

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    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.

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