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

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

• As we can see, after a upside rally price had gone through a deep consolidation phase from June’23 to Jan’24. Bulls were restoring their strength for the next move.
• During this period, price has formed a Rounding Bottom pattern, which is a strong bullish pattern.
• After the breakout of this chart pattern, price has given a sharp upside rally of almost 43%.
• Volume is also increasing significantly which indicates that the smart money is flowing in.
• With a strong breakout price is currently trading at its All Time High. We might see a upmove above this level in coming days.

Tadawul 4291 : National Company for Learning & Education - Bollinger Bands

• Price is continuously hugging and sometimes exceeded the upper band. This shows the upside momentum will be continued.

Tadawul 4291 : National Company for Learning & 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.

Conclusion - Tadawul 4291 : National Company for Learning & Education Stock Price Forcast

Based on our Saudi Stocks Trading Advice, National Company for Learning & Education stock price target will be SAR 186 - SAR 190 in the next 15-18 trading sessions.