Tadawul trade advice (A): Saudi capital goods stock | 5-6% gain | KSA stock trading picks on 11 Nov 2024

Date

November 11, 2024

Analysed By

Naranj Capital Research Desk

Stock Market

Tadawul, Saudi Arabia

Target hit. Trade closed.

RIYADH CABLES 4142

11 Nov 2024

26 Nov 2024

6 days

Loss per
100,000 SAR

Stop-loss

111

Buy Advice

11 Nov 2024

115 - 118

Target 1

26 Nov 2024

123.5

Target 2

125

Profit per
100,000 SAR

6 days

8696

111

115 - 118

123.5

125

8696

11 Nov 2024

26 Nov 2024

6 days

Loss per
100,000 SAR

Stop-loss

111

Buy Advice

11 Nov 2024

115 - 118

Target 1

26 Nov 2024

123.5

Target 2

125

Profit per
100,000 SAR

6 days

8696

111

115 - 118

123.5

125

8696

Swing Trading Advice in Saudi Stocks

Buy

Buy
Range

Target

Stoploss

Upside
Potential

Trade
Duration

Riyadh Cables

115 - 118

123.5 - 125

Below 111

5% - 6%

10 - 12 Days

Buy Riyadh Cables

Buy
Range 115 - 118

Target 123.5 - 125

Stoploss Below 111

Upside
Potential 5% - 6%

Trade
Duration 10 - 12 Days

Buy

Buy
Range

Target

Stoploss

Upside
Potential

Trade
Duration

Riyadh Cables

115 - 118

123.5 - 125

Below 111

5% - 6%

10 - 12 Days

Buy

Riyadh Cables

Buy
Range

115 - 118

Target

123.5 - 125

Stoploss

Below 111

Upside
Potential

5% - 6%

Trade
Duration

10 - 12 Days

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

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

Tadawul 4142 : Riyadh Cables - Stock Overview

Tadawul code

Stock Name

Sector

52 Weeks High

52 Weeks Low

4142

Riyadh Cables

Capital Goods

122

70.7

Tadawul code 4142

Stock Name Riyadh Cables

Sector Capital Goods

52 Weeks High 122

52 Weeks Low 70.7

Company profile

Riyadh Cables Group Co. specializes in the manufacturing, promotion, and distribution of various types of cables. The company is divided into several segments: Cables and Wires, High Voltage Cables, and Other. The Cables and Wires segment focuses on electrical cables, while the High Voltage Cables segment is dedicated to completed projects. Additionally, the Other segment provides telephone cables and related services. Established on January 18, 1984, the company is based in Riyadh, Saudi Arabia.

Tadawul 4142 : Riyadh Cables vs TASI - Relative Strength Comparison

The image showcases Riyadh Cable's 1-year performance relative to TASI. — Relative Performance - Last 1 Year
Riyadh Cables — TASI —

Tadawul 4142 : Riyadh Cables - Technical Analysis (Daily)

Riyadh Cables - Technical Analysis chart on Daily Price and Volume

The stock price had been fluctuating within a tight range.
However, after a significant breakout supported by strong trading volume, it has now reached its highest peak ever.
As long as the price remains above the 115 level, the overall sentiment is expected to stay optimistic.

Tadawul 4142 : Riyadh Cables - RSI Indicator

Riyadh Cables stock analysis based on RSI indicator — Riyadh Cables - RSI indicator

Current RSI of this stock is 67.76, which indicates the strength of buyers.

Tadawul 4142 : Riyadh Cables - ADX & DI Indicator

Riyadh Cables stock analysis based on ADX & DI indicator — Riyadh Cables - 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.

Tadawul 4142 : Riyadh Cables - MACD Indicator

Riyadh Cables stock analysis based on MACD indicator — Riyadh Cables - MACD indicator

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

Conclusion - Tadawul 4142 : Riyadh Cables Stock Price Forecast

Based on our Saudi trading advice, Riyadh Cables stock price target will be SAR 123.5 - SAR 125 in the next 10-12 trading sessions.

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