Tadawul 8313 : Rasan Information Technology vs TASI - Relative Strength Comparison

Tadawul 8313 : Rasan Information Technology - Technical Analysis (Daily)

• Following an extended period of consolidation, the stock has formed a Rounding Bottom pattern.
• The price broke out of this pattern, reaching a record high of 84.3 before retracing to the breakout point.
• At present, the price is attempting to maintain its upward trajectory, targeting higher levels.

Tadawul 8313 : Rasan Information Technology - Stochastic Indicator

• A bullish signal is generated as the K line (blue) crosses over the D line (orange) from below, indicating a reversal from oversold conditions.

Tadawul 8313 : Rasan Information Technology - 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.

Conclusion - Tadawul 8313 : Rasan Information Technology Stock Price Forecast

Based on our KSA trading and investment advice, Rasan Information Technology stock price target will be SAR 80 - SAR 82 in the next 08-10 trading sessions.