Tadawul 2082 : ACWA POWER - STOCK RECOMMENDATION
Idea | BUY |
Buy Range | 400 – 405 |
Target | 430 – 435 |
StopLoss* | below 385 |
Duration | 14-15 Trading Days |
Potential Returns | 6% – 7% |
Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
BUY | 400 – 405 | 430 – 435 | below 385 | 14-15 Trading Days | 6% – 7% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 2082 : ACWA POWER - STOCK OVERVIEW
ACWA Power Company, founded in 2004, is a Saudi Arabian company that invests, develops, and maintains power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia and internationally. The company also sells electricity, desalinated water, and green hydrogen, installs and maintains contracts, provides financial advisory, book-keeping, tax compliance, and reinsurance services, and generates renewable energy from photovoltaic, concentrated solar power, wind plants, and hydrogen sources. ACWA Power Company was formerly known as International Company for Water and Power Projects.
Stock Data | |
TADAWUL Code | 2082 |
Sectoral Index | Utilities |
52 Weeks High | 493.41 |
52 Weeks Low | 177.64 |
Tadawul 2082 : ACWA POWER - RELATIVE STRENGTH

Relative Performance - Last 1 Year
ACWA POWER — TASI —
Tadawul 2082 : ACWA POWER - TECHNICAL ANALYSIS (DAILY)

- The stock is experiencing a robust upward trend, consistently achieving higher highs and lows.
- Throughout this upward trajectory, the stock price has developed several bullish patterns in succession.
- Initially, a Symmetrical Triangle pattern formed, and following its breakout, the stock price soared before entering a consolidation period.
- During this time, an Inverted Head & Shoulders pattern appeared, signaling the continuation of the upward movement.
- Subsequently, a bullish Pole & Flag pattern emerged, propelling the price to an all-time high near the 493 mark after a breakout.
- However, the stock encountered resistance, leading to a brief correction.
- Afterward, the price attempted to rise again but struggled to break through its previous resistance, resulting in a decline.
- In this phase, a Double Top pattern developed, indicating a bearish sentiment.
- Despite this, the stock found support at the trendline and continued its ascent following the breakout of the Ascending Triangle pattern.
Tadawul 2082 : ACWA POWER - RSI

- Current RSI of this stock is 62.64, which indicates the strength of buyers.
Tadawul 2082 : ACWA POWER - MACD

- MACD line has just crossed the signal line from the below, generates bullish signal.
Tadawul 2082 : ACWA POWER - EMA Cross

- 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 dayโs candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
CONCLUSION - Tadawul 2082 : ACWA POWER STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, ACWA POWER stock price target will be SAR 430 – SAR 435 in the next 14-15 trading sessions.