Saudi Prime Trading Advice (D) | 27-May-2024 | Expected Gain 6%-8%

 BUY   Al Moammar Information Systems (TADAWUL: 7200)

Tadawul 7200 : Al Moammar Information Systems - STOCK RECOMMENDATION

Idea BUY
Buy Range 143 – 146
Target 155 – 157
StopLoss* below 137
Duration 10-12 Trading Days
Potential Returns 6% – 8%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 143 – 146 155 – 157 below 137 10-12 Trading Days 6% – 8%

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

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Tadawul 7200 : Al Moammar Information Systems - STOCK OVERVIEW

Al Moammar Information Systems Company provides information technology solutions and services in the Kingdom of Saudi Arabia. The company operates through six segments: Business Service Management Unit, Solutions Unit, Systems Unit, Information Technology Security Unit, Networking Unit, Operation and Maintenance Unit, and Data Center Unit. It offers managed people and medical, SLA support, MDR, SOC, Managed IT, consulting, professional, and project management services. The company was incorporated in 1979 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.

Stock Data
TADAWUL Code 7200
Sectoral Index Software & Services
52 Weeks High 178
52 Weeks Low 120.2

Tadawul 7200 : Al Moammar Information Systems - RELATIVE STRENGTH

Tadawul 7200-Al Moammar Information Systems-Relative Strength

Relative Performance - Last 1 Year

Al Moammar Information Systems —     TASI —

Tadawul 7200 : Al Moammar Information Systems - TECHNICAL ANALYSIS (DAILY)

Tadawul 7200 : Al Moammar Information Systems - Technical Analysis (Daily)
  • The primary trend is uptrend for the price.
  • After a correction, price is currently trading near its support level.
  • The last time price came to this level, a sharp upside move has been observed.
  • It is expected that the price may continue its trend and move upside from the current level.

Tadawul 7200 : Al Moammar Information Systems - RSI

Tadawul 7200 : Al Moammar Information Systems - RSI
  • The RSI line is crossing the oversold line from the below, generates bullish signal. The current RSI of the stock is 45.82.

Tadawul 7200 : Al Moammar Information Systems - Stochastic

Tadawul 7200 : Al Moammar Information Systems - Stochastic
  • The K (Blue) line is crossing the D (Orange) line from the below, generates bullish signal.

Tadawul 7200 : Al Moammar Information Systems - OBV

Tadawul 7200 : Al Moammar Information Systems - 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.

CONCLUSION - Tadawul 7200 : Al Moammar Information Systems STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Al Moammar Information Systems stock price target will be SAR 155 – SAR 157 in the next 10-12 trading sessions.

Tadawul 7200 : Al Moammar Information Systems - TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  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 of 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 a Certified Financial Technician (CFTe) 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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