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Saudi Prime Trading Advice (C) | 30-Dec-2024 | Expected Gain 5%-7%

SHORT TERM TRADING ADVICE IN SAUDI ARABIA

 BUY   Yamama Cement (TADAWUL: 3020)

Tadawul 3020 : Yamama Cement - STOCK RECOMMENDATION

Idea BUY
Buy Range 34 – 35
Target 36.75 – 37.5
StopLoss* below 33
Duration 12-14 Trading Days
Potential Returns 5% – 7%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 34 – 35 36.75 – 37.5 below 33 12-14 Trading Days 5% – 7%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

 Tradingview position update

Tadawul 3020 : Yamama Cement - STOCK OVERVIEW

Yamama Cement Company is involved in the manufacturing, production, and trading of cement and its associated accessories, derivatives, and components within Saudi Arabia. The company provides a variety of cement types, including ordinary Portland, sulfate-resistant Portland, white and colored cement, oil-well cement, fast-setting Bozolani cement, and bacteriostatic cement, in addition to clinker. Established in 1956, the company is based in Riyadh, Saudi Arabia.

Stock Data
TADAWUL Code 3020
Sectoral Index Materials
52 Weeks High 37.15
52 Weeks Low 28.8

Tadawul 3020 : Yamama Cement - RELATIVE STRENGTH

TADAWUL 3020 - YC - RELATIVE STRENGTH

Relative Performance - Last 1 Year

YC —     TASI —

Tadawul 3020 : Yamama Cement - TECHNICAL ANALYSIS (DAILY)

Tadawul 3020 : Yamama Cement - Technical Analysis (Daily)
  • We have noticed numerous fluctuations in prices over time.
  • Following a period of consolidation, the stock price has developed an Inverted Head & Shoulders pattern.
  • With a recent breakout, the price is now trending upward.

Tadawul 3020 : Yamama Cement - RSI

Tadawul 3020 : Yamama Cement - RSI
  • Current RSI of this stock is 64.31, which indicates the strength of buyers.

Tadawul 3020 : Yamama Cement - MACD

Tadawul 3020 : Yamama Cement - MACD
  • MACD line has just crossed the signal line from the below, generates bullish signal.

Tadawul 3020 : Yamama Cement - RSI

Tadawul 3020 : Yamama Cement - RSI
  • 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.

CONCLUSION - Tadawul 3020 : Yamama Cement STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Yamama Cement stock price target will be SAR 36.75 – SAR 37.5 in the next 12-14 trading sessions.

Tadawul 3020 : Yamama Cement - TRADINGVIEW POSITION UPDATE

ุงุดุชุฑ ุฃุณู…ู†ุช ุงู„ูŠู…ุงู…ุฉ by NaranjCapital on TradingView.com

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance ofย Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as aย Certified Financial Technician (CFTe)ย by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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