Tadawul 7030 : Zain Saudi Arabia vs TASI - Relative Strength Comparison

Tadawul 7030 : Zain Saudi Arabia - Technical Analysis (Daily)

• After the price slipped below the Rising Wedge pattern, it entered a significant downtrend.
• Once the stock hit a support level around 10, it bounced back and approached the earlier resistance point.
• However, the stock encountered resistance once more at that level and then dropped back to the support area.
• With a notable increase in volume, the price is now attempting to rally again.

Tadawul 7030 : Zain Saudi Arabia - RSI Indicator

• Current RSI of this stock is 66.44, which indicates the strength of buyers.

Tadawul 7030 : Zain Saudi Arabia - EMA Crossover

• The short length exponential moving average (10 EMA) has just crossed 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 7030 : Zain Saudi Arabia - MACD Indicator

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

Conclusion - Tadawul 7030 : Zain Saudi Arabia Stock Price Forecast

Based on our short term trading tips for Saudi Tadawul, Zain Saudi Arabia stock price target will be SAR 12 - SAR 12.35 in the next 12-14 trading sessions.