TASI-2350: SAUDI KAYAN PETROCHEMICAL COMPANYShot-term Bullish Retracement for TASI-2350: Saudi Kayan Petrochemical Company
Buy-1 at 6.92 and Buy-2 at 6.87 with Stop Loss at 6.82
TP-1 = 6.98, TP-2 = 7.02
Next report date
—
Report period
—
EPS estimate
—
Revenue estimate
—
−1.16 SAR
−2.14 B SAR
8.17 B SAR
975.00 M
About SAUDI KAYAN PETROCHEMICAL CO.
Sector
CEO
Sameeh bin Suleiman Al-Sahafi
Headquarters
Al Jubail
Website
Founded
2007
ISIN
SA000A0MQCJ2
FIGI
BBG000R981Q1
Saudi Kayan Petrochemical Co. engages in the manufacture and sale of chemicals, which include polypropylene, propylene, acetone, polyethylene, ethoxylate, ethylene, ethylene glycol, bisphenol, ethanolamine, industrial fatty alcohol, polycarbonate, and other petrochemical products. The company was founded on June 12, 2007 and is headquartered in Al Jubail, Saudi Arabia.
Saudi Kayan, to target 14 and 16Saudi Kayan (2350), on the daily chart, I see a forming pattern, going up on a zigzag until 14, then some correction and next target is 16
Quick tradings can be done buy at support / sell at resistance, and so on until reaching the target.
The technical indicators RSI and MACD are supporting this v
2350_Trendline Breakout (Bullish Setup)Price has taken support at C&H formation target.
HH, HL in formation.
Price has reached a strong horizontal level (acting as resistance)
Take Entry after Breakout of horizontal level (Resistance); will be converted to support.
SL and TPs are specified.
Trail stop loss accordingly.
2350: SAUDI KAYAN_TASI (Parallel Channel Breakout)Parallel Channel Breakout Observed
Completion of Cup & Handle Target
Short term and long term Bullish setup is available
Wait for HH, HL formation
Entry above watchout level
Horizontal support Levels are specified for TPs
Ride the trend and Trail your stop loss
Manage your risk properly
Analysis: Buy ideaWe have a high probability that the market will go up because after the breakout of the vwap indicator you see that the sellers have hit the support line without being able to break it.Thanks.!
2350: SAUDI KAYAN_TASI (Channel Breakout)Descending Parallel Channel Breakout and Retest
Inverted Cup & Handle formation
Support from 50 EMA
Crossed Strong Horizontal Support/Resistance Line
Series of HH, HL formation
Trade with stop loss
Ride with trailing stop loss
2350: SAUDI KAYAN_TASI
Watch for Triangle Breakout
Take Entry with stop loss @ Triangle Top
Trail Stop Loss for TPs as per fib levels
2350: TASIWait for Target completions for Long Entry
Watchout for
Horizontal Supports,
Cup & Handle Patterns Targets,
Ascending Triangle Breakdown targets
See all ideas
An aggregate view of professional's ratings.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of 2350 is 6.94 SAR — it has increased by 0.29% in the past 24 hours. Watch SAUDI KAYAN PETROCHEMICAL CO. stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on TADAWUL exchange SAUDI KAYAN PETROCHEMICAL CO. stocks are traded under the ticker 2350.
2350 stock has risen by 2.34% compared to the previous week, the last month showed zero change in price, over the last year SAUDI KAYAN PETROCHEMICAL CO. has showed a −35.62% decrease.
We've gathered analysts' opinions on SAUDI KAYAN PETROCHEMICAL CO. future price: according to them, 2350 price has a max estimate of 12.00 SAR and a min estimate of 7.30 SAR. Watch 2350 chart and read a more detailed SAUDI KAYAN PETROCHEMICAL CO. stock forecast: see what analysts think of SAUDI KAYAN PETROCHEMICAL CO. and suggest that you do with its stocks.
2350 reached its all-time high on Jan 15, 2008 with the price of 35.50 SAR, and its all-time low was 4.40 SAR and was reached on Jan 21, 2016. View more price dynamics on 2350 chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
2350 stock is 1.01% volatile and has beta coefficient of 1.12. Track SAUDI KAYAN PETROCHEMICAL CO. stock price on the chart and check out the list of the most volatile stocks — is SAUDI KAYAN PETROCHEMICAL CO. there?
Today SAUDI KAYAN PETROCHEMICAL CO. has the market capitalization of 10.47 B, it has increased by 1.90% over the last week.
Yes, you can track SAUDI KAYAN PETROCHEMICAL CO. financials in yearly and quarterly reports right on TradingView.
SAUDI KAYAN PETROCHEMICAL CO. is going to release the next earnings report on Jan 28, 2025. Keep track of upcoming events with our Earnings Calendar.
2350 earnings for the last quarter are −0.21 SAR per share, whereas the estimation was −0.18 SAR resulting in a −19.09% surprise. The estimated earnings for the next quarter are −0.24 SAR per share. See more details about SAUDI KAYAN PETROCHEMICAL CO. earnings.
SAUDI KAYAN PETROCHEMICAL CO. revenue for the last quarter amounts to 2.40 B SAR, despite the estimated figure of 2.20 B SAR. In the next quarter, revenue is expected to reach 2.47 B SAR.
2350 net income for the last quarter is −296.16 M SAR, while the quarter before that showed −250.09 M SAR of net income which accounts for −18.42% change. Track more SAUDI KAYAN PETROCHEMICAL CO. financial stats to get the full picture.
No, 2350 doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. SAUDI KAYAN PETROCHEMICAL CO. EBITDA is 1.28 B SAR, and current EBITDA margin is 13.25%. See more stats in SAUDI KAYAN PETROCHEMICAL CO. financial statements.
Like other stocks, 2350 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 SAUDI KAYAN PETROCHEMICAL 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 SAUDI KAYAN PETROCHEMICAL CO. technincal analysis shows the sell today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating SAUDI KAYAN PETROCHEMICAL CO. stock shows the strong sell signal. See more of SAUDI KAYAN PETROCHEMICAL 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.