Tadawul 4220 : Emaar The Economic City - STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 8 – 8.4 |
| Target | 9 – 9.2 |
| StopLoss* | below 7.6 |
| Duration | 14-15 Trading Days |
| Potential Returns | 8% – 10% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 8 – 8.4 | 9 – 9.2 | below 7.6 | 14-15 Trading Days | 8% – 10% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 4220 : Emaar The Economic City - 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 | 4220 |
| Sectoral Index | Real Estate Development |
| 52 Weeks High | 9.12 |
| 52 Weeks Low | 6.23 |
Tadawul 4220 : Emaar The Economic City - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Emaar The Economic City — TASI —
Tadawul 4220 : Emaar The Economic City - TECHNICAL ANALYSIS (DAILY)
- The price had previously consolidated and formed a Rounding Bottom pattern.
- After breaking out, it surged towards the 10 level, facing resistance on several occasions, which led to the creation of a Double Bottom pattern.
- This triggered another steep drop, sending the price crashing down to the 7 level.
- From that point, the price began to rise again, approaching the 9 level, where it faced yet another rejection.
- After finding support around the 6.2 level, the price bounced back.
- During this period, a Cup & Handle pattern developed, and following the breakout, the price is now trading close to the trendline resistance, with expectations of a breakthrough soon.
Tadawul 4220 : Emaar The Economic City - RSI
- Current RSI of this stock is 71.34, which indicates the strength of buyers.
Tadawul 4220 : Emaar The Economic City - ADX & DI
- 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.
Tadawul 4220 : Emaar The Economic City - EMA Cross
- The short length exponential moving average (10 EMA) has 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.
CONCLUSION - Tadawul 4220 : Emaar The Economic City STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, Emaar The Economic City stock price target will be SAR 9.0 – SAR 9.2 in the next 14-15 trading sessions.
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