Saudi Prime Trading Advice (B) | 29-Jul-2024 | Expected Gain 10%-12%

 BUY   Batic Investments and Logistics (TADAWUL: 4110)

Tadawul 4110 : Batic Investments and Logistics - STOCK RECOMMENDATION

Idea BUY
Buy Range 3.3 – 3.4
Target 3.75 – 3.8
StopLoss* below 3.15
Duration 14-15 Trading Days
Potential Returns 10% – 12%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 3.3 – 3.4 3.75 – 3.8 below 3.15 14-15 Trading Days 10% – 12%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

Tadawul 4110 : Batic Investments and Logistics - STOCK OVERVIEW

Batic Investments & Logistics Co. specializes in the development of residential and commercial properties. The company operates across various sectors, including Transportation, Real Estate, Security Services, ATM Management, Insurance Money Transfer, Currency Handling, Maintenance and Operations, and Medical Equipment Supply. The Transportation division offers a wide range of services, such as goods transportation, car and trailer rentals, cold storage rentals, fuel stations, maintenance workshops, and equipment sales and maintenance for road transport. In the Real Estate segment, the company acquires and sells land and constructs buildings. Additionally, the Security Services division provides reliable security guard and shift services to banks and businesses. The ATM Feeding division encompasses the provision of feeding and upkeep services for ATMs operated by banks. In the Insurance Money Transfer sector, this company specializes in delivering secure and insured transportation services for the transfer of valuable assets and funds. Their Maintenance and Operation segment excels in providing comprehensive building maintenance, efficient property management, and effective marketing solutions. The company is headquartered in Riyadh, Saudi Arabia.

Stock Data
TADAWUL Code 4110
Sectoral Index Capital Goods
52 Weeks High 3.78
52 Weeks Low 1.73

Tadawul 4110 : Batic Investments and Logistics - RELATIVE STRENGTH

Relative Performance - Last 1 Year

Batic Investments and Logistics —     TASI —

Tadawul 4110 : Batic Investments and Logistics - TECHNICAL ANALYSIS (DAILY)

Tadawul 4110-Batic Investments & Logistics-Daily Technical Analysis
Tadawul 4110 : Batic Investments and Logistics - Technical Analysis (Daily)
  • The stock price was once in a downtrend, but after a powerful breakout, it entered a period of consolidation within a box pattern.
  • Following another breakout, the price began to climb, creating higher highs and higher lows until it eventually reached a record high around the 3.5 levels.
  • Subsequently, the price underwent a consolidation phase and developed a Symmetrical Triangle pattern.
  • Now, with a recent breakout accompanied by strong volume, the price is poised to continue its upward momentum.

Tadawul 4110 : Batic Investments and Logistics - RSI

Tadawul 4110-Batic Investments & Logistics-RSI
Tadawul 4110 : Batic Investments and Logistics - RSI
  • Current RSI of this stock is 59.07, which indicates the strength of buyers.

Tadawul 4110 : Batic Investments and Logistics - OBV

Tadawul 4110-Batic Investments & Logistics-OBV
Tadawul 4110 : Batic Investments and Logistics - OBV
  • The OBV line is moving in the same upward direction which means there is a positive sentiment in the market. Also the significant price up move accompanying with increasing OBV volume suggests strong buying pressure.

Tadawul 4110 : Batic Investments and Logistics - MACD

Tadawul 4110-Batic Investments & Logistics-MACD
Tadawul 4110 : Batic Investments and Logistics - MACD
  • MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.

CONCLUSION - Tadawul 4110 : Batic Investments and Logistics STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Batic Investments and Logistics stock price target will be SAR 3.75 – SAR 3.8 in the next 14-15 trading sessions.

Tadawul 4110 : Batic Investments and Logistics - TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance ofย Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as aย Certified Financial Technician (CFTe)ย by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

Enjoy this recommendation?
Share with your friends

Your return could be more

PROFITABLE!

access our premium recommendations

for Saudi Arabia Stock Market Tadawul

Leverage our knowledge to trade with confidence. Expert Advice for short to medium term trading with specific target and strict stoploss.

Pricing

Pricing (in SAR)

Email Newsletter

Get Free Saudi Stock Trading Advice

We respect your privacy.

You cannot copy content of this page

× Chat With Us