Tadawul 2110 : Saudi Cable - STOCK RECOMMENDATION
Idea | BUY |
Buy Range | 107 – 112 |
Target | 122 – 124 |
StopLoss* | below 100 |
Duration | 14-15 Trading Days |
Potential Returns | 9% – 11% |
Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
BUY | 107 – 112 | 122 – 124 | below 100 | 14-15 Trading Days | 9% – 11% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 2110 : Saudi Cable - STOCK OVERVIEW
Saudi Cable Company is engaged in the production and distribution of electrical and telecommunications cables both within the Kingdom of Saudi Arabia and on an international scale. The company operates through two primary segments: the Sale of Manufactured Goods and Turnkey Power and Telecommunication Projects. Its product offerings include copper rods, PVC compounds, wooden reels, and various related items. Additionally, the company is involved in the contracting, trading, and distribution of cables, electronic products, information technology solutions, and associated accessories. Saudi Cable Company also provides electrical and telecommunication services, participates in international trade, and manufactures as well as distributes electronic equipment and goods. Established in 1975, the company is headquartered in Jeddah, Saudi Arabia.
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Stock Data | |
TADAWUL Code | 2110 |
Sectoral Index | Capital Goods |
52 Weeks High | 113.8 |
52 Weeks Low | 55.5 |
Tadawul 2110 : Saudi Cable - RELATIVE STRENGTH

Relative Performance - Last 1 Year
Saudi Cable — TASI —
Tadawul 2110 : Saudi Cable - TECHNICAL ANALYSIS (DAILY)

- Following a phase of consolidation, the price has formed a Symmetrical Triangle pattern.
- Upon breaking out, the stock price started moving upwards, accompanied by strong trading volume.
Tadawul 2110 : Saudi Cable - RSI

- Current RSI of this stock is 70.14, which indicates the strength of buyers.
Tadawul 2110 : Saudi Cable - 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 2110 : Saudi Cable - MACD

- MACD line has just crossed the signal line from the below, generates bullish signal.
CONCLUSION - Tadawul 2110 : Saudi Cable STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, Saudi Cable stock price target will be SAR 122 – SAR 124 in the next 14-15 trading sessions.