Salik Stock Performance Update

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Current Price: AED 5.02
Daily Change: Decrease of AED 0.08 (-1.57%)

52-Week Range:
Low: AED 3.14
High: AED 5.89

Since its IPO in September 2022 at AED 2 per share, Salik has shown impressive growth of approximately 151% to date.

Performance vs. DFMGI (Dubai Financial Market General Index)
Salik has significantly outperformed the Dubai Financial Market Index.

Salik stock: +151% since IPO

DFMGI: Moderate growth over the same period

Technical Analysis
  • (Relative Strength Index): 51.9 → Neutral (no overbought or oversold signals)
  • MACD (Moving Average Convergence Divergence): 0 → Momentum is balanced
  • ADX (Average Directional Index): 27.1 → Indicates a weak trend


Moving Averages:
  • 5-day MA: AED 5.09 → Buy signal
  • 10-day MA: AED 5.06 → Buy signal
  • 50-day MA: AED 5.10 → Sell signal


These indicators suggest the stock is in a sideways trend, with no clear upward or downward direction.

Support & Resistance Levels
  • Support: AED 5.02
  • Resistance: AED 5.18

A breakout above the resistance level could signal further gains, while a break below support might indicate potential downside.

Disclaimer

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