Tadawul 4090 : Taiba Investments vs TASI - Relative Strength Comparison

Tadawul 4090 : Taiba Investments - Technical Analysis (Daily)

• The stock price initially formed a Symmetrical Triangle pattern and traded within it.
• After breaking out, it formed a bullish Pole & Flag pattern followed by a bullish Pennant pattern.
• The stock then broke out of the Pennant pattern and moved higher. Volume increased notably during this period.
• The stock encountered resistance near the 48 level and experienced a sharp decline.
• However, it found support near the 38 level and began to rise.
• Another Symmetrical Triangle pattern has emerged on the chart, indicating a potential upward breakout and continuation of the uptrend.

Tadawul 4090 : Taiba Investments - RSI Indicator

• The stock's current RSI is 52.05, and the upward trend of the RSI line indicates the strength of buyers.

Tadawul 4090 : Taiba Investments - OBV Indicator

• 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.

Tadawul 4090 : Taiba Investments - Bollinger Bands

• The Price bounced when it touched the lower band and moving upside.

Conclusion - Tadawul 4090 : Taiba Investments Stock Price Forecast

Based on our trade advice for Saudi Tadawul, Taiba Investments stock price target will be SAR 45 - SAR 45.5 in the next 12-14 trading sessions.