- Naranj Research Desk
- 🇸🇦 Saudi Stock Market
- 🇺🇸 USA Stock Market
Saudi Paper Manufacturing Co. engages in the manufacture of tissue paper rolls, conversion of tissue paper rolls into facial, kitchen, and toilet tissue papers; and collection, sorting, transport, and press of waste papers. In addition, SPMC saves the environment and benefits the community through its interest in paper recycling and reducing its reliance on virgin pulp which is manufactured through the consumption of forest trees. The company was founded on November 13, 1989 and is headquartered in Dammam, Saudi Arabia.
SPM — TASI —
| Indicator | Value | Zone |
|---|---|---|
| RSI-14 | 60.06 | Neutral |
| CCI-14 | 90.43 | Overbought |
| Stochastic RSI | 86.24 | Overbought |
| ROC | 14.72 | Positive |
| William %R | -8.69 | Overbought |
| EMA | Value | Stock Position |
|---|---|---|
| 5 EMA | 58.34 | Above |
| 10 EMA | 57.28 | Above |
| 20 EMA | 56.11 | Above |
| 50 EMA | 55.48 | Above |
| 100 EMA | 55.91 | Above |
| 200 EMA | 57.23 | Above |
Based on our trading signals of Saudi stock market, Saudi Paper Manufacturing stock price target will be SAR 62 - SAR 62.5 in the next 12-14 trading sessions.
Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.
Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.
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