Note: The Saudi Tadawul Index rose +14.75% last week.
Outlook = Bullish
For information on the Trend Analysis see the Notes section to this post:GCC Trend Analysis
Outlook = Neutral
For information on the Index Analysis see this post: Understanding the GCC Weekly Index Analysis
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