Tadawul 2270 : Saudi Dairy & Foodstuff Company - STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 390 – 400 |
| Target | 425 – 430 |
| StopLoss* | below 370 |
| Duration | 14-15 Trading Days |
| Potential Returns | 6 – 8% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 390 – 400 | 425 – 430 | below 370 | 14-15 Trading Days | 6 – 8% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 2270 : Saudi Dairy & Foodstuff Company - STOCK OVERVIEW
SADAFCO, a prominent food manufacturer, vendor, and distributor headquartered in Jeddah, Saudi Arabia, has established itself as a frontrunner in the industry throughout the Middle East region. The company is involved in manufacturing and delivering dairy items, beverages, and a variety of food products. Their product line comprises unflavored and flavored milk, cheese, cream, ice cream, butter, French fries, snacks, and tomato-based goods. Renowned for its flagship brand Saudia, the company has garnered market leadership in Saudi Arabia specifically in the sectors of Long Life Milk, Tomato Paste, and Ice Cream.
| Stock Data | |
| TADAWUL Code | 2270 |
| Sectoral Index | Food & Beverages |
| 52 Weeks High | 407 |
| 52 Weeks Low | 232 |
Tadawul 2270 : Saudi Dairy & Foodstuff Company - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Saudi Dairy & Foodstuff Company — TASI —
Tadawul 2270 : Saudi Dairy & Foodstuff Company - TECHNICAL ANALYSIS (DAILY)
- Previously price was in an uptrend and reached to 375 level.
- Instead of going further upside, price started making Lower Highs and Lows.
- With the breakout of the resistance zone, price indicated that the downtrend journey is over.
- After a short consolidation period, price moved upside and reached at 400 level.
- From there a short pull back in price has been seen.
- Price got bounced from the support level and with a strong bullish candle price successfully broke out the resistance.
- We can expect an upside move if the price manages to sustain the level.
Tadawul 2270 : Saudi Dairy & Foodstuff Company - 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.
Tadawul 2270 : Saudi Dairy & Foodstuff Company - MA Cross
The short length moving average (10 SMA) has crossed the long length moving average (20 SMA) 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 2270 : Saudi Dairy & Foodstuff Company - RSI
Current RSI of this stock is 66.18, which indicates the strength of buyers.
CONCLUSION - Tadawul 2270 : Saudi Dairy & Foodstuff Company STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, Saudi Dairy & Foodstuff Company stock price target will be SAR 425 – SAR 430 in the next 14-15 trading sessions.
Tadawul 2270 : Saudi Dairy & Foodstuff Company - TRADINGVIEW POSITION UPDATE
Tadawul 2270 : Saudi Dairy & Foodstuff Company TRADING ADVICE On Social Media
📈 نصيحة الأسهم المميزة - Prime C
— Naranj Capital نارانج كابيتال (@NaranjCapital) March 11, 2024
💼 القطاع: الأطعمة والمشروبات
💰 العوائد المحتملة: 6%-8% خلال 14-15 يوم تداول
🟢 للحصول على اسم السهم ونطاق الشراء الدقيق والهدف وإيقاف الخسارة وفترة الاحتفاظ، اشترك في خدماتنا المتميزة. قم بزيارة موقعنا من الرابط المذكور في التعليق!… pic.twitter.com/w7SMfkxY2Q
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