2281: Bullish Reversal from POC_Golden Pocket2281
Continuously in downtrend. Earlier estimations of reversal from bearish flag completion and support levels did not sustain (Bears dominated).
However, current price movement (green candles) at POC is confirming the interest of buyers.
This is in confluence with 50% fib (Golden Pocket)
Entry
4.8 SAR
95.82 M SAR
2.56 B SAR
6.00 M
About TANMIAH FOOD CO
Sector
Industry
CEO
Sayed Zulfiqar Al-Hamdani
Website
Headquarters
Riyadh
Founded
1991
ISIN
SA15BH1H3KH5
FIGI
BBG011MC6WV4
Tanmiah Food Co. engages in the manufacturing, wholesale, and retail trading of food and agriculture products and its by-products. It operates through the following geographical segments: Kingdom of Saudi Arabia, United Arab Emirates, Bahrain, and Other GCC Countries. The company was founded on October 15, 1991 and is headquartered in Riyadh, Saudi Arabia.
2281: Watchout_Double Top Formation2281 is moving nicely in an ascending parallel channel taking support from a long-term trendline support continuously.
Price has shown breakout from parallel channel and has formed double top at a critical resistance of 140.
Bulls need to break the resistance of 140 to continue the bullish trend or
2281: At Support Level or Cup & Handle (Watchout)2281 is forming a cup and handle pattern on daily timeframe.
Volumes are low
However, Price is at a significant support line confluence with volume POC
A trendline support is respected in the past.
If the support confluence is respected, price will go up and touch the TP levels of 123
However, if i
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
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Neutral
SellBuy
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Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
An aggregate view of professional's ratings.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of 2281 is 114.8 SAR — it has decreased by −1.03% in the past 24 hours. Watch TANMIAH FOOD CO stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on TADAWUL exchange TANMIAH FOOD CO stocks are traded under the ticker 2281.
2281 stock has fallen by −0.52% compared to the previous week, the month change is a −7.84% fall, over the last year TANMIAH FOOD CO has showed a −21.37% decrease.
We've gathered analysts' opinions on TANMIAH FOOD CO future price: according to them, 2281 price has a max estimate of 139.40 SAR and a min estimate of 135.00 SAR. Watch 2281 chart and read a more detailed TANMIAH FOOD CO stock forecast: see what analysts think of TANMIAH FOOD CO and suggest that you do with its stocks.
2281 reached its all-time high on Mar 17, 2024 with the price of 158.0 SAR, and its all-time low was 60.6 SAR and was reached on Jun 20, 2022. View more price dynamics on 2281 chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
2281 stock is 3.50% volatile and has beta coefficient of 0.45. Track TANMIAH FOOD CO stock price on the chart and check out the list of the most volatile stocks — is TANMIAH FOOD CO there?
Today TANMIAH FOOD CO has the market capitalization of 2.33 B, it has decreased by −4.49% over the last week.
Yes, you can track TANMIAH FOOD CO financials in yearly and quarterly reports right on TradingView.
TANMIAH FOOD CO revenue for the last quarter amounts to 685.00 M SAR, despite the estimated figure of 644.50 M SAR. In the next quarter, revenue is expected to reach 691.00 M SAR.
2281 net income for the last quarter is 26.73 M SAR, while the quarter before that showed 24.12 M SAR of net income which accounts for 10.82% change. Track more TANMIAH FOOD CO financial stats to get the full picture.
Yes, 2281 dividends are paid annually. The last dividend per share was 1.90 SAR. As of today, Dividend Yield (TTM)% is 1.63%. Tracking TANMIAH FOOD CO dividends might help you take more informed decisions.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. TANMIAH FOOD CO EBITDA is 345.30 M SAR, and current EBITDA margin is 13.36%. See more stats in TANMIAH FOOD CO financial statements.
Like other stocks, 2281 shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade TANMIAH FOOD CO stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So TANMIAH FOOD CO technincal analysis shows the strong sell today, and its 1 week rating is strong sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating TANMIAH FOOD CO stock shows the strong sell signal. See more of TANMIAH FOOD CO technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.