2281: Bullish Harmonic Pattern2281: Bullish Harmonic Pattern
2281 is struggling since last ATH in Sept 2024. Beautifully forming a Bullish harmonic pattern at significant support level.
Breakout of descending parallel channel is observed. Formation of HH and HL confluence is also favoring bulls.
Take Entry now or
After
3.50 SAR
95.82 M SAR
2.56 B SAR
6.00 M
About Tanmiah Food Company
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.
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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
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
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
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.
Frequently Asked Questions
The current price of 2281 is 81.50 SAR — it has decreased by −0.97% in the past 24 hours. Watch Tanmiah Food Company stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on TADAWUL exchange Tanmiah Food Company stocks are traded under the ticker 2281.
2281 stock has risen by 2.19% compared to the previous week, the month change is a −0.91% fall, over the last year Tanmiah Food Company has showed a −43.09% decrease.
We've gathered analysts' opinions on Tanmiah Food Company future price: according to them, 2281 price has a max estimate of 155.00 SAR and a min estimate of 111.60 SAR. Watch 2281 chart and read a more detailed Tanmiah Food Company stock forecast: see what analysts think of Tanmiah Food Company and suggest that you do with its stocks.
2281 reached its all-time high on Mar 17, 2024 with the price of 158.00 SAR, and its all-time low was 60.50 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 2.85% volatile and has beta coefficient of 0.86. Track Tanmiah Food Company stock price on the chart and check out the list of the most volatile stocks — is Tanmiah Food Company there?
Today Tanmiah Food Company has the market capitalization of 1.63 B, it has increased by 1.98% over the last week.
Yes, you can track Tanmiah Food Company financials in yearly and quarterly reports right on TradingView.
2281 net income for the last quarter is 498.00 K SAR, while the quarter before that showed 18.89 M SAR of net income which accounts for −97.36% change. Track more Tanmiah Food Company financial stats to get the full picture.
Yes, 2281 dividends are paid annually. The last dividend per share was 2.24 SAR. As of today, Dividend Yield (TTM)% is 2.75%. Tracking Tanmiah Food Company dividends might help you take more informed decisions.
Tanmiah Food Company dividend yield was 1.85% in 2024, and payout ratio reached 46.75%. The year before the numbers were 1.87% and 50.04% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. Tanmiah Food Company EBITDA is 360.12 M SAR, and current EBITDA margin is 13.36%. See more stats in Tanmiah Food Company 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 Company 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 Company technincal analysis shows the neutral 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 Tanmiah Food Company stock shows the sell signal. See more of Tanmiah Food Company 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.