Tadawul trade advice (B): Saudi materials stock | 4-5% gain | KSA stock trading signal on 9 Dec 2024

Date

December 9, 2024

Analysed By

Naranj Capital Research Desk

Stock Market

Tadawul, Saudi Arabia

Target hit. Trade closed.

YCC 3060

9 Dec 2024

27 Jan 2025

30 days

Loss per
100,000 SAR

Stop-loss

22.85

Buy Advice

9 Dec 2024

24 - 24.5

Target 1

27 Jan 2025

25.5

Target 2

27 Jan 2025

25.75

Profit per
100,000 SAR

30 days

6250

22.85

24 - 24.5

25.5

25.75

6250

9 Dec 2024

27 Jan 2025

30 days

Loss per
100,000 SAR

Stop-loss

22.85

Buy Advice

9 Dec 2024

24 - 24.5

Target 1

27 Jan 2025

25.5

Target 2

27 Jan 2025

25.75

Profit per
100,000 SAR

30 days

6250

22.85

24 - 24.5

25.5

25.75

6250

Short Term Trading Advice in Saudi Arabia

Buy

Buy
Range

Target

Stoploss

Upside
Potential

Trade
Duration

Yanbu Cement

24 - 24.5

25.5 - 25.75

Below 22.85

4% - 5%

12-14 Days

Buy Yanbu Cement

Buy
Range 24 - 24.5

Target 25.5 - 25.75

Stoploss Below 22.85

Upside
Potential 4% - 5%

Trade
Duration 12-14 Days

Buy

Buy
Range

Target

Stoploss

Upside
Potential

Trade
Duration

Yanbu Cement

24 - 24.5

25.5 - 25.75

Below 22.85

4% - 5%

12-14 Days

Buy

Yanbu Cement

Buy
Range

24 - 24.5

Target

25.5 - 25.75

Stoploss

Below 22.85

Upside
Potential

4% - 5%

Trade
Duration

12-14 Days

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

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

Tadawul 3060 : Yanbu Cement - Stock Overview

Tadawul code

Stock Name

Sector

52 Weeks High

52 Weeks Low

3060

Yanbu Cement

Materials

36.1

22.3

Tadawul code 3060

Stock Name Yanbu Cement

Sector Materials

52 Weeks High 36.1

52 Weeks Low 22.3

Company profile

Yanbu Cement Company, along with its subsidiaries, specializes in the production, manufacturing, and trading of cement and related products both within the Kingdom of Saudi Arabia and on an international scale. The company provides a variety of cement types, including ordinary Portland, Pozzolana Portland, hydraulic, and sulphate-resistant options. Additionally, it engages in the production and wholesale distribution of cement paper, as well as the sale of packaged and bulk cement, along with cement bags. Established in 1977, Yanbu Cement Company is based in Jeddah, Saudi Arabia.

Tadawul 3060 : Yanbu Cement vs TASI - Relative Strength Comparison

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

Tadawul 3060 : Yanbu Cement - Technical Analysis (Daily)

Yanbu Cement - Technical Analysis chart on Daily Price and Volume

A significant pullback has caused the price to drop back to its trendline support level.
An Inverted Head & Shoulders pattern has formed, and following a recent breakout, the price is poised for a robust recovery.

Tadawul 3060 : Yanbu Cement - RSI Indicator

Yanbu Cement stock analysis based on RSI indicator — Yanbu Cement - RSI Indicator

Current RSI of this stock is 74.10, which indicates the strength of buyers.

Tadawul 3060 : Yanbu Cement - MACD Indicator

Yanbu Cement stock analysis based on MACD indicator — Yanbu Cement - MACD Indicator

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.

Conclusion - Tadawul 3060 : Yanbu Cement Stock Price Forecast

Based on our saudi stocks trading signals, Yanbu Cement stock price target will be SAR 25.5 - SAR 25.75 in the next 12-14 trading sessions.

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