Tadawul 4031 : Saudi Ground Services vs TASI - Relative Strength Comparison

Tadawul 4031 : Saudi Ground Services - Technical Analysis (Daily)

• Previously the price was in an uptrend.
• From around 39 level, price took a rejection and fell down straight at 26 level.
• After a sharp downfall, price started moving slowly upwards and making Higher Highs and Lows.
• Through this entire consolidation phase, price has formed a Rounding Bottom pattern.
• Volume was completely dried out during this phase.
• After the breakout, price has consolidated above the breakout zone.
• After a huge gap up opening, price sustained above the level and last day’s candle shows the strength of the buyers.
• With the increasing volume, we can expect further upmove from current level.

Tadawul 4031 : Saudi Ground Services - RSI Indicator

• Current RSI of the stock is 84.62, shows the momentum is with the buyers.

Tadawul 4031 : Saudi Ground Services - MACD Indicator

• MACD line has crossed the signal line from the below, generates bullish signal.

Tadawul 4031 : Saudi Ground Services - ADX & DI Indicator

• Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

Conclusion - Tadawul 4031 : Saudi Ground Services Stock Price Forcast

Based on our saudi stocks trading signals, Saudi Ground Services stock price target will be SAR 60 - SAR 61 in the next 08-10 trading sessions.