Tadawul 1140 : Bank Albilad vs TASI - Relative Strength Comparison

Tadawul 1140 : Bank Albilad - Technical Analysis (Daily)

• The stock price had been in a downtrend and then consolidated within a Symmetrical Triangle pattern.
• After the breakout, the stock surged upwards but was rejected near the 41 level.
• Then the stock price resumed its downtrend until finding support near the 32 level.
• Following a period of consolidation, the stock has now formed a Double Bottom pattern, suggesting a possible reversal in the trend.
• With the neckline of the Double Bottom pattern broken, the price is poised to move upwards.

Tadawul 1140 : Bank Albilad - RSI Indicator

• Current RSI of this stock is 71.27, which indicates the strength of buyers.

Tadawul 1140 : Bank Albilad - 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.

Tadawul 1140 : Bank Albilad - MACD Indicator

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

Conclusion - Tadawul 1140 : Bank Albilad Stock Price Forcast

Based on our Saudi stock recommendations, Bank Albilad stock price target will be SAR 38 - SAR 38.75 in the next 12-14 trading sessions.