Tadawul 4020 : Saudi Real Estate vs TASI - Relative Strength Comparison

Tadawul 4020 : Saudi Real Estate - Technical Analysis (Daily)

• The stock price went through a downtrend, then began consolidating and formed an Inverted Head & Shoulder pattern.
• Following the breakout, the stock price surged upwards but encountered a strong rejection, leading to a downtrend.
• Eventually, the stock found a base and started moving upwards by breaking out of the consolidation range.
• After that, there was a strong upside rally, bringing the price to its all-time high.
• However, the stock then faced a rejection and experienced a sharp correction.
• Currently, the price is once again moving upwards with decent volume support and is expected to continue its upward movement.

Tadawul 4020 : Saudi Real Estate - RSI Indicator

• Current RSI of this stock is 70.71, which indicates the strength of buyers.

Tadawul 4020 : Saudi Real Estate - 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 4020 : Saudi Real Estate - MACD Indicator

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

Conclusion - Tadawul 4020 : Saudi Real Estate Stock Price Forecast

Based on our Saudi stocks trading advice, Saudi Real Estate stock price target will be SAR 22.75 - SAR 23.2 in the next 10-12 trading sessions.