Tadawul 4291 : National Company for Learning and Education vs TASI - Relative Strength Comparison

Tadawul 4291 : National Company for Learning and Education - Technical Analysis (Daily)

• The stock has shown a strong upward trajectory, marked by consistent higher highs and higher lows.
• It began with the formation of a Rounding Bottom, leading to a notable rally.
• Yet, it faced resistance around the 183 level, resulting in a brief pullback.
• After a consolidation phase and a successful breakout from a Symmetrical Triangle, the stock experienced a significant upward movement.
• A rejection near the 202 level caused the price to retreat to its trendline support.
• Now, with a bounce from this support, the stock is on an upward trend.

Tadawul 4291 : National Company for Learning and Education - RSI

• Current RSI of this stock is 60.24, which indicates the strength of buyers.

Tadawul 4291 : National Company for Learning and Education - 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 4291 : National Company for Learning and Education - MACD Indicator

• The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

Conclusion - Tadawul 4291 : National Company for Learning and Education Stock Price Forecast

Based on our prime trade advice for Saudi Tadawul, National Company for Learning and Education stock price target will be SAR 234 - SAR 237 in the next 14-15 trading sessions.