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Salik Company PJSC (Feb 2025)Salik Company PJSC (Feb 2025)Salik Company PJSC (Feb 2025)

Salik Company PJSC (Feb 2025)

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SALIKG2025 trade ideas

Salik Stock Performance UpdateCurrent 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.
DFM:SALIK1!
by bbitar
Salik Stock Technical AnalysisSalik Stock Overview Ask Price: AED 4.974 – Current Price: AED 4.540 Daily Change: -6.20% (sharp decline) High Price: AED 5.660 – Low Price: AED 4.540 Bid Price: AED 4.817 Technical Analysis 1. General Trend Analysis The stock is in a strong downtrend, with a significant price drop from AED 5.6 to AED 4.54. The price is moving below its moving averages, indicating weak bullish momentum. The presence of strong bearish candles, along with increasing trading volume, confirms continued selling pressure. 2. Support and Resistance Levels Key Support Level: AED 4.50 (If broken, the price may drop further to AED 4.30-4.20). First Resistance Level: AED 4.97 (current ask price). Second Resistance Level: AED 5.20 (significant moving average area). 3. Technical Indicators A. Moving Averages 50-day moving average is above the current price, confirming the downtrend continuation. 200-day moving average remains flat but is close to a bearish crossover with shorter averages, reinforcing bearish sentiment. B. Relative Strength Index (RSI) RSI is currently below 30, indicating oversold conditions, which could lead to a short-term rebound. However, RSI staying below 50 suggests that the overall trend remains negative. C. Trading Volume Analysis Increased trading volume during the price drop suggests strong selling pressure. If volume remains high without a price rebound, the decline could continue. D. Other Indicators Bollinger Bands: The price has broken below the lower band, signaling strong downward momentum with a potential minor bounce. MACD: Remains in the negative zone with a bearish crossover, suggesting continued weak momentum. Future Predictions 1. Possible Bullish Scenario If the price rebounds from AED 4.50, it could rise toward resistance levels at AED 4.97 – 5.20. Signs of a reversal require: RSI moving back above 40. Increased buying volume at support levels. A bullish closing candle above the 50-day moving average. 2. Possible Bearish Scenario If the price breaks below AED 4.50, it may drop toward AED 4.30 – 4.20. A weak RSI and MACD remaining negative indicate that further downside is possible. Overall Trend: Bearish. Oversold signals (RSI <30) may lead to a short-term rebound. AED 4.50 is a critical level, if it holds, a rebound may occur, but if broken, further decline is likely. Cautious investors should wait for clear reversal signals before entering, while high-risk traders may look for a short-term bounce. Recommendation: Exercise caution, wait for technical confirmation before entering a position, and closely monitor the AED 4.50 support level.
DFM:SALIK1!
by bbitar