- Naranj Research Desk
- 🇸🇦 Saudi Stock Market
- 🇺🇸 USA Stock Market
8% - 9%
15 - 16 Days
8% - 9%
15 - 16 Days
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.
ACWA POWER — TASI —
| Indicator | Value | Zone |
|---|---|---|
| RSI-14 | 53.1 | Neutral |
| CCI-20 | 42.50 | Neutral |
| MFI | 56.34 | Neutral |
| Stochastic %K | 61.60 | Neutral |
| William %R | -11.5 | Overbought |
| EMA | Value | Stock Position |
|---|---|---|
| 10 EMA | 176.4 | Above |
| 20 EMA | 178.9 | Above |
| 50 EMA | 189.9 | Below |
| 100 EMA | 205.60 | Below |
| 200 EMA | 236.6 | Below |
Based on our short term trading of Saudi stocks, ACWA Power stock price target will be SAR 198 - SAR 200 in the next 15-16 trading sessions.
