- Naranj Research Desk
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Saudi Tadawul Group Holding Company, established in 2007 and headquartered in Riyadh, Saudi Arabia, is involved in the trading and listing of securities for both local and international investors. The company manages various services such as deposit, transfer, clearing, settlement, and registry of ownership of securities. Additionally, it offers depository and registration services, financial technology solutions, capital market solutions, and financial content for stakeholders. Moreover, Saudi Tadawul Group Holding Company provides remote voting (e-voting), reporting, notifications, data maintenance services, and facilitates various financial instruments in the Saudi capital market including equity, debt, Sukuk, bonds, ETFs, REITs, and mutual funds.
TADAWUL GROUP — TASI —
MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.
The short length exponential moving average (10 EMA) is about to cross 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.
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.
Based on our Saudi stocks advisory, Saudi Tadawul Group Holding stock price target will be SAR 263 - SAR 268 in the next 14-15 trading sessions.
