Tadawul 1303 : Electrical Industries vs TASI - Relative Strength Comparison

Tadawul 1303 : Electrical Industries - Technical Analysis (Daily)

• The price is in a strong uptrend and forming ‘Higher Highs and Lows’.
• Currently the price is bouncing back from its trendline support level that signals buyers are very aggressive at the moment.
• Volume chart is also looks impressive.
• We can Expect a further upside move that will help the price to reach at new highs.

Tadawul 1303 : Electrical Industries - RSI Indicator

• Current RSI of this stock is 62.41, which indicates the strength of buyers.

Tadawul 1303 : Electrical Industries - EMA Crossover

• The short term exponential moving average (10 EMA) is going upside by touching the long term exponential moving average (20 EMA) and the last day’s candle is closed above all the moving averages. This suggests buyers are taking interest in this stock.

Tadawul 1303 : Electrical Industries - OBV Indicator

• The OBV line is moving in the same upward direction which means there is a positive sentiment in the market. Also the significant price up move accompanying with increasing OBV volume suggests strong buying pressure.

Conclusion - Tadawul 1303 : Electrical Industries Stock Price Forcast

Based on our stock recommendations for Saudi Tadawul, Electrical Industries stock price target will be SAR 5 - SAR 5.1 in the next 12-14 trading sessions.