Tadawul 8060 : Walaa Cooperative Insurance - STOCK RECOMMENDATION
Idea | BUY |
Buy Range | 28.4 – 28.9 |
Target | 31.5 – 32 |
StopLoss* | below 25.7 |
Duration | 12-14 Trading Days |
Potential Returns | 9 – 11% |
Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
BUY | 28.4 – 28.9 | 31.5 – 32 | below 25.7 | 12-14 Trading Days | 9 – 11% |
* Once the first target hit, reset the StopLoss at your buying price.
Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview and Social Media. Be assured such records are permanent and irreversible.
Tadawul 8060 : Walaa Cooperative Insurance - STOCK OVERVIEW
Walaa Cooperative Insurance Company headquartered in Al-Khobar, Saudi Arabia operates as a joint-stock corporation offers cooperative insurance, reinsurance, and investment activities in various lines of business including motor, general, health, protection, and savings. In May 2017, the name of the company previously recognized as Saudi United Cooperative Insurance Company was altered to Walaa Cooperative Insurance Company. This companyโs products include various insurance products such as property all-risk, fire and specified perils property damage, loss of business insurance, engineering insurance products like erection and construction all-risk, contractorโs plant and machinery/equipment insurance, machinery breakdown insurance (MBD), loss of profit following MBD, and deterioration of stock following MBD. Additionally, it offers motor insurance products including commercial and private motor comprehensive, and third party liability policies, marine insurance products like marine cargo and hull insurance policies, medical insurance, and miscellaneous accidents insurance products such as comprehensive general liability, professional indemnity, medical malpractice, directors and officers liability, security and private protection, fidelity guarantee, money, personal accident, workmenโs compensation and employers liability, travel, aviation hull, education, saving, critical illness, and other insurance products.
Stock Data | |
TADAWUL Code | 8060 |
Sectoral Index | Insurance |
52 Weeks High | 31.7 |
52 Weeks Low | 14 |
Tadawul 8060 : Walaa Cooperative Insurance - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Walaa Cooperative Insurance — TASI —
Tadawul 8060 : Walaa Cooperative Insurance - TECHNICAL ANALYSIS (DAILY)
- In a deep consolidation phase, price has formed an Inverted Head & Shoulder pattern.
- After the breakout of the pattern, price has given a huge upside rally which has taken the price to its All Time High.
- After that, a sharp correction has been seen in the price.
- At the moment, price is further moving upside after the range breakout.
Tadawul 8060 : Walaa Cooperative Insurance - RSI
Current RSI of this stock is 62.55, which indicates the strength of buyers.
Tadawul 8060 : Walaa Cooperative Insurance - 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 8060 : Walaa Cooperative Insurance - 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.
CONCLUSION - Tadawul 8060 : Walaa Cooperative Insurance STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, Walaa Cooperative Insurance stock price target will be SAR 31.5 – SAR 32 in the next 12-14 trading sessions.
Tadawul 8060 : Walaa Cooperative Insurance - TRADINGVIEW POSITION UPDATE
Follow Tadawul 8060 : Walaa Cooperative Insurance TRADING ADVICE On Social Media
๐ ูุตุงุฆุญ ุงูุชุฏุงูู ุงูู ู ูุฒุฉ - Prime A
— Naranj Capital ูุงุฑุงูุฌ ูุงุจูุชุงู (@NaranjCapital) April 22, 2024
๐ผ ุงููุทุงุน: ุงูุชูุฒูุน ุงูุชูุฏูุฑู ููู ุณุชููู ูุงูุชุฌุฒุฆุฉ
๐ฐ ุงูุนูุงุฆุฏ ุงูู ุญุชู ูุฉ: 7% - 8% ุฎูุงู 14 - 15 ููู ุชุฏุงูู
๐ ูุตุงุฆุญ ุงูุชุฏุงูู ุงูู ู ูุฒุฉ - Prime B
๐ผ ุงููุทุงุน: ุฎุฏู ุงุช ุงูู ุณุชููู
๐ฐ ุงูุนูุงุฆุฏ ุงูู ุญุชู ูุฉ: 7% - 9% ุฎูุงู 12 - 14 ููู ุชุฏุงูู
๐ ูุตุงุฆุญ ุงูุชุฏุงูู ุงูู ู ูุฒุฉ - Primeโฆ pic.twitter.com/80jG9rumjv