Saudi Prime Trading Advice (D) | 30-Dec-2024 | Expected Gain 4%-5%

 BUY   Sinad Holding (TADAWUL: 4080)

Tadawul 4080 : Sinad Holding - STOCK RECOMMENDATION

Idea BUY
Buy Range 13 – 13.5
Target 14 – 14.2
StopLoss* below 12.75
Duration 14-15 Trading Days
Potential Returns 4% – 5%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 13 – 13.5 14 – 14.2 below 12.75 14-15 Trading Days 4% – 5%

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

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Tadawul 4080 : Sinad Holding - STOCK OVERVIEW

Sinad Holding Company is involved in the manufacturing, packaging, wholesale, and retail distribution of food products across the Kingdom of Saudi Arabia, Egypt, other Arab nations, and on an international scale. The organization operates through two primary segments: Investment and Industrial. Its manufacturing portfolio includes dairy products, juices, and beverages, as well as Saudi thobes and uniforms. Additionally, the company invests in stocks and securities, owns real estate and movable assets, and offers loans, guarantees, and financing services. It also holds and leases industrial property rights, which encompass patents, trademarks, industrial rights, franchises, and other intellectual property rights. Previously known as Aseer Trading, Tourism and Manufacturing Co., the company rebranded to Sinad Holding Company in June 2022. Established in 1975, Sinad Holding Company is headquartered in Riyadh, Saudi Arabia, and operates as a subsidiary of Dala Al Baraka Holding Company.

Stock Data
TADAWUL Code 4080
Sectoral Index Food & Beverages
52 Weeks High 16.1
52 Weeks Low 11.86

Tadawul 4080 : Sinad Holding - RELATIVE STRENGTH

TADAWUL 4080 - SINAD HOLDING - RELATIVE STRENGTH

Relative Performance - Last 1 Year

SINAD HOLDING —     TASI —

Tadawul 4080 : Sinad Holding - TECHNICAL ANALYSIS (DAILY)

Tadawul 4080 : Sinad Holding - Technical Analysis (Daily)
  • As the price moves through an upward parallel channel, it is currently bouncing off the trendline support level.
  • If this bounce proves to be effective, we could see a rise in the price in the days ahead.

Tadawul 4080 : Sinad Holding - RSI

Tadawul 4080 : Sinad Holding - RSI
  • The RSI line is crossing the oversold line from the below, generates bullish signal. The current RSI of the stock is 42.09.

Tadawul 4080 : Sinad Holding - Stochastic

Tadawul 4080 : Sinad Holding - Stochastic
  • The K (Blue) line is crossing the D (Orange) line from the below, generates bullish signal.

CONCLUSION - Tadawul 4080 : Sinad Holding STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Sinad Holding stock price target will be SAR 14 – SAR 14.2 in the next 14-15 trading sessions.

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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