Tadawul trade advice (A): Saudi health care equipment stock | 8-10% gain | KSA stock trading idea on 7 Nov 2023

Date

November 7, 2023

Analysed By

Naranj Capital Research Desk

Stock Market

Tadawul, Saudi Arabia

Target hit. Trade closed.

DALLAH HEALTH 4004

7 Nov 2023

4 Dec 2023

16 days

Loss per
100,000 SAR

Stop-loss

150

Buy Advice

7 Nov 2023

154 – 156

Target 1

4 Dec 2023

166

Target 2

4 Dec 2023

170

Profit per
100,000 SAR

16 days

10,390

150

154 – 156

166

170

10,390

7 Nov 2023

4 Dec 2023

16 days

Loss per
100,000 SAR

Stop-loss

150

Buy Advice

7 Nov 2023

154 – 156

Target 1

4 Dec 2023

166

Target 2

4 Dec 2023

170

Profit per
100,000 SAR

16 days

10,390

150

154 – 156

166

170

10,390

Saudi Tadawul Stock Trade Advice

Buy

Buy
Range

Target

Stoploss

Upside
Potential

Trade
Duration

Dallah Healthcare

154 – 156

166 – 170

Below 150

8 – 10%

12 - 14 Days

Buy Dallah Healthcare

Buy
Range 154 – 156

Target 166 – 170

Stoploss Below 150

Upside
Potential 8 – 10%

Trade
Duration 12 - 14 Days

Buy

Buy
Range

Target

Stoploss

Upside
Potential

Trade
Duration

Dallah Healthcare

154 – 156

166 – 170

Below 150

8 – 10%

12 - 14 Days

Buy

Dallah Healthcare

Buy
Range

154 – 156

Target

166 – 170

Stoploss

Below 150

Upside
Potential

8 – 10%

Trade
Duration

12 - 14 Days

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

* Trade durations are approximate; actual holding period may vary.

Tadawul 4004 : Dallah Healthcare - Stock Overview

Tadawul code

Stock Name

Sector

52 Weeks High

52 Weeks Low

4004

Dallah Health

Health Care

189.8

125.4

Tadawul code 4004

Stock Name Dallah Health

Sector Health Care

52 Weeks High 189.8

52 Weeks Low 125.4

Company profile

Dallah Healthcare is a Saudi Arabian company that provides and operates healthcare programs and utilities. It was founded in 1995 and has sectors in hospitals, pharmaceuticals, management, operation, and Dallah Healthcare operates six hospitals in Saudi Arabia, including its flagship Dallah Al Nakheel and Dallah Namar hospitals in Riyadh. The total bed capacity in its hospitals reached 901, compared to 600 beds at the end of 2020. Dallah Healthcare has 2,068 employees.

Tadawul 4004 : Dallah Healthcare vs TASI - Relative Strength Comparison

The image compares Dallah Healthcare's 1-year stock performance to TASI. — Relative Performance - Last 1 Year
DALLAH — TASI —

Tadawul 4004 : Dallah Healthcare - Technical Analysis (Daily)

Dallah Healthcare - Technical Analysis chart on Daily Price and Volume

If we look at the entire chart, we can see that the stock is maintaining a strong trendline support and resistance and never ever able to break any of these level.
There is a spike in volume chart also can be seen, which gives us a positive indication.
After a deep consolidation, the stock is bouncing back from its support level and made a fresh breakout of Rounding Bottom pattern. We can expect a good upside move in coming days.

Tadawul 4004 : Dallah Healthcare - ADX & RSI Indicator

Dallah Healthcare stock analysis based on ADX & RSI Indicator — Dallah Healthcare - ADX & RSI Indicator

As seen in the Dallah Healthcare chart analysis, stock price has been moving in a larger sideways range in the last 8 months and the stock price was showing lack of strength to sustain the upmove during this period.
The current RSI of this stock is 73.65, which indicates strength.

Conclusion - Tadawul 4004 : Dallah Healthcare Stock Price Forecast

Based on our Saudi stock trading ideas, Dallah Healthcare stock price target will be SAR 166 - SAR 170 in the next 12-14 trading sessions.

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