Saudi

Updated for week 11 (March 12th - March 16th)

Outlook Overview:

Note: The Saudi Tadawul Index rose +14.75% last week.

Trend Analysis:

Outlook = Bullish

For information on the Trend Analysis see the Notes section to this post:GCC Trend Analysis

Index Analysis:

Outlook = Neutral

For information on the Index Analysis see this post: Understanding the GCC Weekly Index Analysis

Market Breadth:

Advance/Decline Indicator = Negative
Outlook = Bearish

For information on Market Breadth see this post: Market Breadth

Pattern Match Price Projections:

All three best matches for the current 25 day price movement are projecting a higher close for the Saudi Tadawul Index in five days time.

The average five day price projection across all three best matches is +4.98%.

The combined outlook based on the pattern matching analysis is Bullish.

For information on Pattern Matching see this post: Price Projections Using Pattern Matching

Enjoy.