- Naranj Research Desk
- 🇸🇦 Saudi Stock Market
- 🇺🇸 USA Stock Market
Arabian Centres Company, established in 2002 and headquartered in Riyadh, Saudi Arabia, specializes in owning, developing, and operating lifestyle centers across the Kingdom.
CENOMI CENTERS — TASI —
The price has recently broken above the trendline resistance, indicating a potential continuation of the upward move in the near term.
Current RSI of this stock is 73.92, which indicates the strength of buyers.
MACD line has crossed the signal line from the below, generates bullish signal.
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.
Based on our trading advice for Saudi Arabia stock market Tadawul, Arabian Centres stock price target will be SAR 22.3 - SAR 22.5 in the next 12-14 trading sessions.
