Tadawul 7040 : Etihad Atheeb Telecommunication vs TASI - Relative Strength Comparison

Tadawul 7040 : Etihad Atheeb Telecommunication - Technical Analysis (Daily)

• The stock price was previously in a consolidation phase, forming an ascending triangle pattern.
• Following the breakout, the stock underwent another consolidation phase before experiencing a significant upward movement due to strong buying pressure.
• For four consecutive days, the stock hit its upper circuit, indicating the dominance of buyers during that period.
• After a retracement, the price surged upwards and then underwent a correction.
• Returning to its trendline support level, the stock began consolidating once again.
• During this period, an ascending triangle pattern appeared on the chart, and now, after the breakout, the stock is attempting to move higher.

Tadawul 7040 : Etihad Atheeb Telecommunication - EMA Crossover

• 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.

Tadawul 7040 : Etihad Atheeb Telecommunication - MACD Indicator

• MACD line has crossed the signal line from the below, generates bullish signal.

Tadawul 7040 : Etihad Atheeb Telecommunication - 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.

Conclusion - Tadawul 7040 : Etihad Atheeb Telecommunication Stock Price Forecast

Based on our Saudi Tadawul stocks advice, Etihad Atheeb Telecommunication stock price target will be SAR 106 - SAR 108 in the next 14-15 trading sessions.