- Naranj Research Desk
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Naqi Water Company specializes in the production and bottling of pristine filtered water within the Kingdom of Saudi Arabia. The company also engages in the wholesale distribution of bottled water, soft drinks, and juices, along with retailing beverages in specialized outlets. Furthermore, it handles land transportation of goods and is involved in the breeding and production of broiler breeder hens, managing hatcheries, and egg production. Established in 2014, Naqi Water Company is based in Unaizah, Saudi Arabia.
Naqi Water — TASI —
Current RSI of this stock is 74.64, which indicates the strength of buyers.
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.
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.
Based on our short term trading advice for Saudi Tadawul, Naqi Water stock price target will be SAR 68 - SAR 68.5 in the next 12-14 trading sessions.
