Tadawul trade advice (B): Saudi utilities stock | 8-12% gain | KSA stock trading signal on 2 Dec 2024

Date

December 2, 2024

Analysed By

Naranj Capital Research Desk

Stock Market

Tadawul, Saudi Arabia

Target hit. Trade closed.

ACWA Power 2082

2 Dec 2024

4 Dec 2024

3 days

Loss per
100,000 SAR

Stop-loss

345

Buy Advice

2 Dec 2024

365 - 375

Target 1

4 Dec 2024

400

Target 2

420

Profit per
100,000 SAR

3 days

8686

345

365 - 375

400

420

8686

2 Dec 2024

4 Dec 2024

3 days

Loss per
100,000 SAR

Stop-loss

345

Buy Advice

2 Dec 2024

365 - 375

Target 1

4 Dec 2024

400

Target 2

420

Profit per
100,000 SAR

3 days

8686

345

365 - 375

400

420

8686

Stock Trading Advice in Saudi Arabia

Buy

Buy
Range

Target

Stoploss

Upside
Potential

Trade
Duration

ACWA Power

365 - 375

400 - 420

Below 345

8% - 12%

14 - 16 Days

Buy ACWA Power

Buy
Range 365 - 375

Target 400 - 420

Stoploss Below 345

Upside
Potential 8% - 12%

Trade
Duration 14 - 16 Days

Buy

Buy
Range

Target

Stoploss

Upside
Potential

Trade
Duration

ACWA Power

365 - 375

400 - 420

Below 345

8% - 12%

14 - 16 Days

Buy

ACWA Power

Buy
Range

365 - 375

Target

400 - 420

Stoploss

Below 345

Upside
Potential

8% - 12%

Trade
Duration

14 - 16 Days

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

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

Tadawul 2082 : ACWA Power - Stock Overview

Tadawul code

Stock Name

Sector

52 Weeks High

52 Weeks Low

2082

ACWA Power

Utilities

500.8

220.96

Tadawul code 2082

Stock Name ACWA Power

Sector Utilities

52 Weeks High 500.8

52 Weeks Low 220.96

Company profile

ACWA Power Company, founded in 2004, is a Saudi Arabian company that invests, develops, and maintains power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia and internationally. The company also sells electricity, desalinated water, and green hydrogen, installs and maintains contracts, provides financial advisory, book-keeping, tax compliance, and reinsurance services, and generates renewable energy from photovoltaic, concentrated solar power, wind plants, and hydrogen sources. ACWA Power Company was formerly known as International Company for Water and Power Projects.

Tadawul 2082 : ACWA Power vs TASI - Relative Strength Comparison

The image compares ACWA Power's 1-year performance to TASI. — Relative Performance - Last 1 Year
ACWA Power — TASI —

Tadawul 2082 : ACWA Power - Technical Analysis (Daily)

ACWA Power - Technical Analysis chart on Daily Price and Volume

The stock has been range-bound for a while, and after a sharp drop, it has pulled back to a key support level.
The price is now attempting to rebound, seeking to regain lost ground.

Tadawul 2082 : ACWA Power - Stochastic Indicator

ACWA Power stock analysis based on Stochastic indicator — ACWA Power - Stochastic Indicator

A bullish signal is generated as the K line (blue) crosses over the D line (orange) from below, indicating a reversal from oversold conditions.

Tadawul 2082 : ACWA Power - RSI Indicator

ACWA Power stock analysis based on RSI indicator — ACWA Power - RSI Indicator

The RSI line has rebounded from oversold territory, generating a bullish signal and suggesting a possible buying opportunity.

Conclusion - Tadawul 2082 : ACWA Power Stock Price Forecast

Based on our Saudi trading advice, ACWA Power stock price target will be SAR 400 - SAR 420 in the next 14-16 trading sessions.

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