Tadawul 4090 : TAIBA - STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 44.7 – 45.7 |
| Target | 47.5 – 48 |
| StopLoss* | below 43.5 |
| Duration | 10-12 Trading Days |
| Potential Returns | 5% – 6% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 44.7 – 45.7 | 47.5 – 48 | below 43.5 | 10-12 Trading Days | 5% – 6% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 4090 : TAIBA - STOCK OVERVIEW
SAL is the leading national company in providing ground handling services for air cargo to various airlines at the Kingdoms airports, in addition to providing integrated logistics solutions. The company was established at the end of the year 2019, after the carve out from Saudia Cargo Company. Aside from operating 18 airports throughout the Kingdom, including the four main airports (Riyadh, Jeddah, Dammam, and Medina), the company also offers integrated logistical solutions within and outside the Kingdom through its global business partners. In addition, it provides services that link different modes of transportation (by sea, air, and land), increasing the efficiency of logistics services. Consequently, the company aims to contribute in making Saudi Arabia as a global logistics platform and an international shipping hub that enables the aspiring Kingdoms Vision 2030.
| Stock Data | |
| TADAWUL Code | 4090 |
| Sectoral Index | Real Estate Mgmt & Dev’t |
| 52 Weeks High | 48.9 |
| 52 Weeks Low | 25.1 |
Tadawul 4090 : TAIBA - RELATIVE STRENGTH
Relative Performance - Last 1 Year
TAIBA — TASI —
Tadawul 4090 : TAIBA - TECHNICAL ANALYSIS (DAILY)
- The stock price is steadily rising to maintain its upward trend.
- A Symmetrical Triangle pattern has developed on the chart, and following the breakout, the price surged to a record high of 328.
- Afterward, the price experienced a significant decline, retreating to its trendline support.
- Recently, the price has successfully breached its trendline resistance and is continuing to rise.
Tadawul 4090 : TAIBA - EMA Cross
- The short length exponential moving average (5 EMA) has crossed the long length exponential moving average (10 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.
Tadawul 4090 : TAIBA - 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.
Tadawul 4090 : TAIBA - MACD
- MACD line has just crossed the signal line from the below, generates bullish signal.
CONCLUSION - Tadawul 4090 : TAIBA STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, TAIBA stock price target will be SAR 47.5 – SAR 48 in the next 10-12 trading sessions.
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