Tadawul 4300 : Dar Alarkan Real Estate Development vs TASI - Relative Strength Comparison

Tadawul 4300 : Dar Alarkan Real Estate Development - Technical Analysis (Daily)

• The stock price faced several rejections around the 15.3 level, resulted in a decline to 6.8.
• After establishing support at this lower point, the price began a gradual rise, reached to the 18, where it encountered resistance once again.
• As a result, the price pulled back and found support at 11.1, which facilitated a rebound.
• The stock then surged to 19.5 but experienced significant rejection, led it to drop back to its trendline support.
• After a short consolidation phase, the price formed an Inverted Head & Shoulders pattern, and following a recent breakout, it is now on an upward path.

Tadawul 4300 : Dar Alarkan Real Estate Development - RSI Indicator

• Current RSI of this stock is 67.18, which indicates the strength of buyers.

Tadawul 4300 : Dar Alarkan Real Estate Development - MACD Indicator

• MACD line has just crossed the signal line from the below, generates bullish signal.

Tadawul 4300 : Dar Alarkan Real Estate Development - EMA Crossover

• The short length exponential moving average (10 EMA) has just 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 4300 : Dar Alarkan Real Estate Development Stock Price Forecast

Based on our short term trading advice for Saudi Tadawul, Dar Alarkan Real Estate Development stock price target will be SAR 16.3 - SAR 16.5 in the next 14-15 trading sessions.