25 XP   0   0   10

Saudi Arabian Cooperative Insurance
Buy, Hold or Sell?

Let's analyse Saudi Arabian Cooperative Insurance together

PenkeI guess you are interested in Saudi Arabian Cooperative Insurance. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Saudi Arabian Cooperative Insurance. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

Get notifications about Saudi Arabian Cooperative Insurance

I send you an email if I find something interesting about Saudi Arabian Cooperative Insurance.

Quick analysis of Saudi Arabian Cooperative Insurance (30 sec.)










What can you expect buying and holding a share of Saudi Arabian Cooperative Insurance? (30 sec.)

How much money do you get?

How much money do you get?
SR0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
SR9.80
Expected worth in 1 year
SR11.51
How sure are you?
60.0%

+ What do you gain per year?

Total Gains per Share
SR1.71
Return On Investment
8.9%

For what price can you sell your share?

Current Price per Share
SR19.28
Expected price per share
SR15.18 - SR23.48
How sure are you?
50%

1. Valuation of Saudi Arabian Cooperative Insurance (5 min.)




Live pricePrice per Share (EOD)

SR19.28

Intrinsic Value Per Share

SR-14.10 - SR72.95

Total Value Per Share

SR-4.30 - SR82.75

2. Growth of Saudi Arabian Cooperative Insurance (5 min.)




Is Saudi Arabian Cooperative Insurance growing?

Current yearPrevious yearGrowGrow %
How rich?$78.4m$73.6m-$2.5m-3.5%

How much money is Saudi Arabian Cooperative Insurance making?

Current yearPrevious yearGrowGrow %
Making money$4.8m-$4.7m$9.5m197.7%
Net Profit Margin8.8%-10.4%--

How much money comes from the company's main activities?

3. Financial Health of Saudi Arabian Cooperative Insurance (5 min.)




What can you expect buying and holding a share of Saudi Arabian Cooperative Insurance? (5 min.)

Welcome investor! Saudi Arabian Cooperative Insurance's management wants to use your money to grow the business. In return you get a share of Saudi Arabian Cooperative Insurance.

What can you expect buying and holding a share of Saudi Arabian Cooperative Insurance?

First you should know what it really means to hold a share of Saudi Arabian Cooperative Insurance. And how you can make/lose money.

Speculation

The Price per Share of Saudi Arabian Cooperative Insurance is SR19.28. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Saudi Arabian Cooperative Insurance.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Saudi Arabian Cooperative Insurance, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is SR9.80. Based on the TTM, the Book Value Change Per Share is SR0.43 per quarter. Based on the YOY, the Book Value Change Per Share is SR-0.60 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is SR0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Saudi Arabian Cooperative Insurance.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 SR% of Price per ShareSR% of Price per ShareSR% of Price per ShareSR% of Price per ShareSR% of Price per Share
Usd Eps0.201.0%0.160.8%-0.12-0.6%0.000.0%0.040.2%
Usd Book Value Change Per Share0.201.0%0.110.6%-0.16-0.8%-0.02-0.1%0.030.2%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.201.0%0.110.6%-0.16-0.8%-0.02-0.1%0.030.2%
Usd Price Per Share3.57-2.49-5.18-4.02-4.58-
Price to Earnings Ratio4.52-5.63--4.37--2.01-118.54-
Price-to-Total Gains Ratio18.07-5.91--9.52--112.51-19.71-
Price to Book Ratio1.37-1.06-3.56-1.93-3.44-
Price-to-Total Gains Ratio18.07-5.91--9.52--112.51-19.71-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share5.143904
Number of shares194
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.11-0.02
Usd Total Gains Per Share0.11-0.02
Gains per Quarter (194 shares)22.12-2.92
Gains per Year (194 shares)88.48-11.66
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1088780-12-22
201771660-23-34
302652540-35-46
403543420-47-58
504424300-58-70
605315180-70-82
706196060-82-94
807086940-93-106
907967820-105-118
1008858700-117-130

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%6.06.00.050.0%10.010.00.050.0%28.012.00.070.0%30.015.00.066.7%
Book Value Change Per Share3.01.00.075.0%5.07.00.041.7%8.012.00.040.0%24.016.00.060.0%26.016.03.057.8%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.020.00.0%0.00.040.00.0%0.00.045.00.0%
Total Gains per Share3.01.00.075.0%5.07.00.041.7%8.012.00.040.0%24.016.00.060.0%26.016.03.057.8%

Fundamentals of Saudi Arabian Cooperative Insurance

About Saudi Arabian Cooperative Insurance

Saudi Arabian Cooperative Insurance Company engages in the insurance business in Saudi Arabia. The company provides group medical and life, motor and vehicle, fire and burglary, marine, engineering, liability insurance, general accident, and workmen compensation insurance products, as well as property and casualty, and protection and savings insurance products. It serves corporates, SMEs, and individuals. The company was founded in 2006 and is headquartered in Riyadh, Saudi Arabia.

Fundamental data was last updated by Penke on 2024-03-28 05:25:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Saudi Arabian Cooperative Insurance.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Saudi Arabian Cooperative Insurance earns for each ﷼1 of revenue.

  • Above 10% is considered healthy but always compare Saudi Arabian Cooperative Insurance to the Insurance - Diversified industry mean.
  • A Net Profit Margin of 11.9% means that ﷼0.12 for each ﷼1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Saudi Arabian Cooperative Insurance:

  • The MRQ is 11.9%. The company is making a huge profit. +2
  • The TTM is 8.8%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ11.9%TTM8.8%+3.1%
TTM8.8%YOY-10.4%+19.2%
TTM8.8%5Y1.0%+7.7%
5Y1.0%10Y2.7%-1.7%
1.1.2. Return on Assets

Shows how efficient Saudi Arabian Cooperative Insurance is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Saudi Arabian Cooperative Insurance to the Insurance - Diversified industry mean.
  • 1.4% Return on Assets means that Saudi Arabian Cooperative Insurance generated ﷼0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Saudi Arabian Cooperative Insurance:

  • The MRQ is 1.4%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.3%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.4%TTM1.3%+0.1%
TTM1.3%YOY-1.2%+2.5%
TTM1.3%5Y0.2%+1.2%
5Y0.2%10Y0.4%-0.2%
1.1.3. Return on Equity

Shows how efficient Saudi Arabian Cooperative Insurance is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Saudi Arabian Cooperative Insurance to the Insurance - Diversified industry mean.
  • 7.6% Return on Equity means Saudi Arabian Cooperative Insurance generated ﷼0.08 for each ﷼1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Saudi Arabian Cooperative Insurance:

  • The MRQ is 7.6%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 6.7%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ7.6%TTM6.7%+0.9%
TTM6.7%YOY-6.7%+13.4%
TTM6.7%5Y-0.2%+6.9%
5Y-0.2%10Y0.9%-1.2%

1.2. Operating Efficiency of Saudi Arabian Cooperative Insurance.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Saudi Arabian Cooperative Insurance is operating .

  • Measures how much profit Saudi Arabian Cooperative Insurance makes for each ﷼1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Saudi Arabian Cooperative Insurance to the Insurance - Diversified industry mean.
  • An Operating Margin of 0.0% means the company generated ﷼0.00  for each ﷼1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Saudi Arabian Cooperative Insurance:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM4.5%-4.5%
TTM4.5%YOY-9.0%+13.4%
TTM4.5%5Y0.4%+4.1%
5Y0.4%10Y1.9%-1.5%
1.2.2. Operating Ratio

Measures how efficient Saudi Arabian Cooperative Insurance is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Insurance - Diversified industry mean).
  • An Operation Ratio of 0.87 means that the operating costs are ﷼0.87 for each ﷼1 in net sales.

Let's take a look of the Operating Ratio trends of Saudi Arabian Cooperative Insurance:

  • The MRQ is 0.871. The company is less efficient in keeping operating costs low.
  • The TTM is 0.905. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.871TTM0.905-0.034
TTM0.905YOY1.090-0.185
TTM0.9055Y0.933-0.029
5Y0.93310Y0.808+0.125

1.3. Liquidity of Saudi Arabian Cooperative Insurance.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Saudi Arabian Cooperative Insurance is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Insurance - Diversified industry mean).
  • A Current Ratio of 0.00 means the company has ﷼0.00 in assets for each ﷼1 in short-term debts.

Let's take a look of the Current Ratio trends of Saudi Arabian Cooperative Insurance:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM0.196-0.196
TTM0.196YOY2.123-1.926
TTM0.1965Y0.999-0.803
5Y0.99910Y0.690+0.310
1.3.2. Quick Ratio

Measures if Saudi Arabian Cooperative Insurance is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Saudi Arabian Cooperative Insurance to the Insurance - Diversified industry mean.
  • A Quick Ratio of 0.00 means the company can pay off ﷼0.00 for each ﷼1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Saudi Arabian Cooperative Insurance:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM0.070-0.070
TTM0.070YOY1.739-1.669
TTM0.0705Y0.522-0.452
5Y0.52210Y0.376+0.146

1.4. Solvency of Saudi Arabian Cooperative Insurance.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Saudi Arabian Cooperative Insurance assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Saudi Arabian Cooperative Insurance to Insurance - Diversified industry mean.
  • A Debt to Asset Ratio of 0.81 means that Saudi Arabian Cooperative Insurance assets are financed with 81.3% credit (debt) and the remaining percentage (100% - 81.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Saudi Arabian Cooperative Insurance:

  • The MRQ is 0.813. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.803. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.813TTM0.803+0.009
TTM0.803YOY0.815-0.012
TTM0.8035Y0.798+0.005
5Y0.79810Y0.802-0.004
1.4.2. Debt to Equity Ratio

Measures if Saudi Arabian Cooperative Insurance is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Saudi Arabian Cooperative Insurance to the Insurance - Diversified industry mean.
  • A Debt to Equity ratio of 433.5% means that company has ﷼4.34 debt for each ﷼1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Saudi Arabian Cooperative Insurance:

  • The MRQ is 4.335. The company is unable to pay all its debts with equity. -1
  • The TTM is 4.119. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ4.335TTM4.119+0.216
TTM4.119YOY4.462-0.343
TTM4.1195Y4.613-0.494
5Y4.61310Y5.768-1.155

2. Market Valuation of Saudi Arabian Cooperative Insurance

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ﷼1 in earnings Saudi Arabian Cooperative Insurance generates.

  • Above 15 is considered overpriced but always compare Saudi Arabian Cooperative Insurance to the Insurance - Diversified industry mean.
  • A PE ratio of 4.52 means the investor is paying ﷼4.52 for every ﷼1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Saudi Arabian Cooperative Insurance:

  • The EOD is 6.509. Based on the earnings, the company is cheap. +2
  • The MRQ is 4.517. Based on the earnings, the company is cheap. +2
  • The TTM is 5.631. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD6.509MRQ4.517+1.992
MRQ4.517TTM5.631-1.115
TTM5.631YOY-4.367+9.999
TTM5.6315Y-2.010+7.641
5Y-2.01010Y118.538-120.547
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Saudi Arabian Cooperative Insurance:

  • The EOD is -7.866. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -5.459. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -13.943. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-7.866MRQ-5.459-2.407
MRQ-5.459TTM-13.943+8.484
TTM-13.943YOY27.011-40.954
TTM-13.9435Y20.302-34.245
5Y20.30210Y40.230-19.928
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Saudi Arabian Cooperative Insurance is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Insurance - Diversified industry mean).
  • A PB ratio of 1.37 means the investor is paying ﷼1.37 for each ﷼1 in book value.

Let's take a look of the Price to Book Ratio trends of Saudi Arabian Cooperative Insurance:

  • The EOD is 1.967. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.365. Based on the equity, the company is underpriced. +1
  • The TTM is 1.062. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.967MRQ1.365+0.602
MRQ1.365TTM1.062+0.303
TTM1.062YOY3.556-2.494
TTM1.0625Y1.928-0.866
5Y1.92810Y3.441-1.514
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Saudi Arabian Cooperative Insurance compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.7410.427+73%-0.598+181%-0.056+108%0.111+566%
Book Value Per Share--9.8008.887+10%7.442+32%9.400+4%8.960+9%
Current Ratio---0.196-100%2.123-100%0.999-100%0.690-100%
Debt To Asset Ratio--0.8130.803+1%0.8150%0.798+2%0.802+1%
Debt To Equity Ratio--4.3354.119+5%4.462-3%4.613-6%5.768-25%
Dividend Per Share----0%-0%-0%-0%
Eps--0.7410.603+23%-0.443+160%0.013+5648%0.141+425%
Free Cash Flow Per Share---0.613-0.478-22%-0.119-81%-0.361-41%0.085-818%
Free Cash Flow To Equity Per Share---0.613-0.478-22%-0.119-81%-0.361-41%0.070-974%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--72.947--------
Intrinsic Value_10Y_min---14.100--------
Intrinsic Value_1Y_max--1.352--------
Intrinsic Value_1Y_min---1.366--------
Intrinsic Value_3Y_max--8.603--------
Intrinsic Value_3Y_min---4.170--------
Intrinsic Value_5Y_max--21.327--------
Intrinsic Value_5Y_min---7.023--------
Market Cap578400000.000+31%401400000.000280500000.000+43%1007851820.000-60%537105364.000-25%557563682.000-28%
Net Profit Margin--0.1190.088+36%-0.104+187%0.010+1034%0.027+333%
Operating Margin---0.045-100%-0.0900%0.004-100%0.019-100%
Operating Ratio--0.8710.905-4%1.090-20%0.933-7%0.808+8%
Pb Ratio1.967+31%1.3651.062+29%3.556-62%1.928-29%3.441-60%
Pe Ratio6.509+31%4.5175.631-20%-4.367+197%-2.010+144%118.538-96%
Price Per Share19.280+31%13.3809.350+43%19.405-31%15.066-11%17.166-22%
Price To Free Cash Flow Ratio-7.866-44%-5.459-13.943+155%27.011-120%20.302-127%40.230-114%
Price To Total Gains Ratio26.034+31%18.0675.907+206%-9.516+153%-112.507+723%19.709-8%
Quick Ratio---0.070-100%1.739-100%0.522-100%0.376-100%
Return On Assets--0.0140.013+6%-0.012+185%0.002+711%0.004+286%
Return On Equity--0.0760.067+14%-0.067+189%-0.002+103%0.009+715%
Total Gains Per Share--0.7410.427+73%-0.598+181%-0.056+108%0.111+566%
Usd Book Value--78440800.80071131447.416+10%73648803.065+7%78053130.062+0%73123690.940+7%
Usd Book Value Change Per Share--0.1980.114+73%-0.160+181%-0.015+108%0.030+566%
Usd Book Value Per Share--2.6152.371+10%1.986+32%2.508+4%2.391+9%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps--0.1980.161+23%-0.118+160%0.003+5648%0.038+425%
Usd Free Cash Flow---4904851.200-3822615.886-22%-701439.811-86%-2841707.624-42%708161.777-793%
Usd Free Cash Flow Per Share---0.163-0.127-22%-0.032-81%-0.096-41%0.023-818%
Usd Free Cash Flow To Equity Per Share---0.163-0.127-22%-0.032-81%-0.096-41%0.019-974%
Usd Market Cap154317120.000+31%107093520.00074837400.000+43%268894865.576-60%143299711.115-25%148757990.358-28%
Usd Price Per Share5.144+31%3.5702.495+43%5.177-31%4.019-11%4.580-22%
Usd Profit--5927495.6004823975.649+23%-4712195.720+179%517145.510+1046%1396911.127+324%
Usd Revenue--49768338.40056393767.392-12%43785268.427+14%44988437.377+11%42253829.530+18%
Usd Total Gains Per Share--0.1980.114+73%-0.160+181%-0.015+108%0.030+566%
 EOD+5 -3MRQTTM+19 -14YOY+21 -115Y+20 -1310Y+19 -14

3.2. Fundamental Score

Let's check the fundamental score of Saudi Arabian Cooperative Insurance based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-156.509
Price to Book Ratio (EOD)Between0-11.967
Net Profit Margin (MRQ)Greater than00.119
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than10.000
Debt to Asset Ratio (MRQ)Less than10.813
Debt to Equity Ratio (MRQ)Less than14.335
Return on Equity (MRQ)Greater than0.150.076
Return on Assets (MRQ)Greater than0.050.014
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of Saudi Arabian Cooperative Insurance based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5057.600
Ma 20Greater thanMa 5018.722
Ma 50Greater thanMa 10017.103
Ma 100Greater thanMa 20015.919
OpenGreater thanClose18.740
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in SAR. All numbers in thousands.

Summary
Total Assets1,568,540
Total Liabilities1,274,534
Total Stockholder Equity294,006
 As reported
Total Liabilities 1,274,534
Total Stockholder Equity+ 294,006
Total Assets = 1,568,540

Assets

Total Assets1,568,540
Total Current Assets0
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 325,135
Short-term Investments 39,703
Total Current Assets  (as reported)0
Total Current Assets  (calculated)364,838
+/- 364,838
Long-term Assets
Property Plant Equipment 45,819
Long Term Investments 119,281
Intangible Assets 14,309
Long-term Assets  (as reported)0
Long-term Assets  (calculated)179,409
+/- 179,409

Liabilities & Shareholders' Equity

Total Current Liabilities0
Long-term Liabilities0
Total Stockholder Equity294,006
Total Current Liabilities
Accounts payable 81,789
Total Current Liabilities  (as reported)0
Total Current Liabilities  (calculated)81,789
+/- 81,789
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Total Stockholder Equity (as reported)294,006
Total Stockholder Equity (calculated)0
+/- 294,006
Other
Capital Stock300,000
Common Stock Shares Outstanding 30,000
Net Invested Capital 294,006



Balance Sheet

Currency in SAR. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-30
> Total Assets 
713,673
792,827
857,106
0
0
0
779,712
963,466
949,436
1,025,017
979,146
1,249,968
1,339,418
1,328,557
1,232,768
1,361,198
1,350,627
1,350,081
1,257,228
1,481,232
1,407,034
1,387,193
1,286,131
1,451,501
1,472,484
1,437,716
1,491,978
1,663,416
1,569,793
1,489,702
1,311,579
1,435,225
1,481,505
1,381,165
1,311,432
1,599,757
1,496,897
1,384,975
1,355,444
1,596,162
1,551,197
1,486,704
1,461,610
1,212,518
1,217,498
1,568,540
1,568,5401,217,4981,212,5181,461,6101,486,7041,551,1971,596,1621,355,4441,384,9751,496,8971,599,7571,311,4321,381,1651,481,5051,435,2251,311,5791,489,7021,569,7931,663,4161,491,9781,437,7161,472,4841,451,5011,286,1311,387,1931,407,0341,481,2321,257,2281,350,0811,350,6271,361,1981,232,7681,328,5571,339,4181,249,968979,1461,025,017949,436963,466779,712000857,106792,827713,673
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
792,065
1,217,576
969,835
960,205
816,776
1,077,103
1,005,882
1,078,496
987,853
1,083,279
969,268
905,007
871,088
979,641
1,056,609
964,149
894,943
1,157,994
1,111,746
1,003,192
975,268
1,088,903
991,905
313,104
926,060
780,026
714,610
0
0714,610780,026926,060313,104991,9051,088,903975,2681,003,1921,111,7461,157,994894,943964,1491,056,609979,641871,088905,007969,2681,083,279987,8531,078,4961,005,8821,077,103816,776960,205969,8351,217,576792,065000000000000000000
       Cash And Cash Equivalents 
59,067
43,105
0
0
0
0
239,358
249,117
257,470
269,517
261,595
367,930
537,837
503,701
482,311
531,984
0
499,617
510,413
500,093
527,666
519,616
88,599
188,957
120,906
262,344
175,928
116,491
90,918
56,703
0
0
0
0
50,000
39,571
85,380
35,405
52,028
100,392
25,587
9,210
36,736
177,131
31,693
325,135
325,13531,693177,13136,7369,21025,587100,39252,02835,40585,38039,57150,000000056,70390,918116,491175,928262,344120,906188,95788,599519,616527,666500,093510,413499,6170531,984482,311503,701537,837367,930261,595269,517257,470249,117239,358000043,10559,067
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,923
1,923
1,923
1,923
1,923
1,923
1,923
1,923
1,923
39,703
39,703
39,703
39,70339,70339,7031,9231,9231,9231,9231,9231,9231,9231,9231,9230000000000000000000000000000000000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
248,761
345,035
306,249
360,067
323,393
371,436
387,767
340,925
281,701
323,935
258,557
260,413
247,126
249,119
291,627
265,471
269,091
397,460
278,146
239,180
287,860
333,049
355,467
303,895
329,814
42,603
60,573
0
060,57342,603329,814303,895355,467333,049287,860239,180278,146397,460269,091265,471291,627249,119247,126260,413258,557323,935281,701340,925387,767371,436323,393360,067306,249345,035248,761000000000000000000
       Other Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
469,305
567,839
506,672
441,372
402,009
516,710
497,208
475,227
527,595
602,544
573,081
535,634
486,822
574,818
559,549
526,998
484,624
566,459
595,222
568,903
541,790
562,542
504,825
553,418
557,092
0
609,310
0
0609,3100557,092553,418504,825562,542541,790568,903595,222566,459484,624526,998559,549574,818486,822535,634573,081602,544527,595475,227497,208516,710402,009441,372506,672567,839469,305000000000000000000
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
142,120
145,627
144,212
189,254
188,771
128,839
0
0
0
0
0
0
000000128,839188,771189,254144,212145,627142,1200000000000000000000000000000000000
       Property Plant Equipment 
7,537
7,910
7,229
0
0
0
7,792
7,096
6,771
7,045
6,748
6,891
7,267
6,912
7,046
7,123
6,855
6,723
7,028
6,810
9,274
8,563
5,503
5,279
5,019
4,655
6,576
6,536
7,275
8,545
4,036
4,300
4,079
4,896
4,833
5,374
5,640
6,490
7,064
16,666
19,220
22,131
29,055
35,209
39,049
45,819
45,81939,04935,20929,05522,13119,22016,6667,0646,4905,6405,3744,8334,8964,0794,3004,0368,5457,2756,5366,5764,6555,0195,2795,5038,5639,2746,8107,0286,7236,8557,1237,0466,9127,2676,8916,7487,0456,7717,0967,7920007,2297,9107,537
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
436,744
222,002
397,879
393,202
434,086
333,593
427,441
326,991
471,294
13,736
11,923
11,923
102,788
1,923
107,603
94,267
127,483
130,067
128,453
170,933
170,113
100,801
101,144
79,285
80,610
118,339
118,253
119,281
119,281118,253118,33980,61079,285101,144100,801170,113170,933128,453130,067127,48394,267107,6031,923102,78811,92311,92313,736471,294326,991427,441333,593434,086393,202397,879222,002436,744000000000000000000
       Intangible Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
19,644
34,845
30,045
25,222
22,354
35,526
33,185
27,242
24,547
34,151
29,036
22,715
0
0
0
0
9,803
10,186
10,118
11,830
11,594
11,372
11,529
11,421
11,893
12,603
13,295
14,309
14,30913,29512,60311,89311,42111,52911,37211,59411,83010,11810,1869,803000022,71529,03634,15124,54727,24233,18535,52622,35425,22230,04534,84519,644000000000000000000
> Total Liabilities 
653,497
715,979
696,522
0
0
0
727,974
908,899
890,665
957,008
909,183
1,175,216
1,111,785
1,090,781
985,490
1,113,624
1,069,864
1,056,137
959,111
1,175,278
1,091,263
1,057,035
341,485
1,112,118
1,135,069
1,109,915
1,171,424
1,343,113
1,247,010
1,167,307
1,000,958
1,365,357
1,147,935
1,037,328
954,927
1,258,450
1,172,705
1,070,468
1,062,708
1,296,540
1,282,100
1,243,979
1,203,686
969,799
945,709
1,274,534
1,274,534945,709969,7991,203,6861,243,9791,282,1001,296,5401,062,7081,070,4681,172,7051,258,450954,9271,037,3281,147,9351,365,3571,000,9581,167,3071,247,0101,343,1131,171,4241,109,9151,135,0691,112,118341,4851,057,0351,091,2631,175,278959,1111,056,1371,069,8641,113,624985,4901,090,7811,111,7851,175,216909,183957,008890,665908,899727,974000696,522715,979653,497
   > Total Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
927,702
1,136,799
1,041,462
1,016,109
890,915
1,090,507
1,112,198
1,087,130
1,154,899
1,325,944
1,229,339
1,150,839
983,513
1,118,563
1,128,955
1,017,599
933,421
1,236,252
1,149,533
1,046,749
1,035,878
1,271,007
1,256,053
53,049
1,178,850
0
0
0
0001,178,85053,0491,256,0531,271,0071,035,8781,046,7491,149,5331,236,252933,4211,017,5991,128,9551,118,563983,5131,150,8391,229,3391,325,9441,154,8991,087,1301,112,1981,090,507890,9151,016,1091,041,4621,136,799927,702000000000000000000
       Accounts payable 
2,690
3,472
76,046
0
0
0
11,592
2,930
3,203
3,379
5,917
6,890
10,840
9,412
10,758
11,050
0
1,565
14,364
12,234
11,332
13,028
578,965
586,083
602,053
640,016
747,604
764,466
750,355
734,837
668,974
643,235
646,985
617,046
76,783
112,292
78,890
66,430
77,351
106,515
82,071
82,917
708,368
77,937
79,682
81,789
81,78979,68277,937708,36882,91782,071106,51577,35166,43078,890112,29276,783617,046646,985643,235668,974734,837750,355764,466747,604640,016602,053586,083578,96513,02811,33212,23414,3641,565011,05010,7589,41210,8406,8905,9173,3793,2032,93011,59200076,0463,4722,690
       Other Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
364
435,656
374,693
325,793
280,279
438,763
424,185
365,037
384,054
483,507
430,082
344,828
282,455
422,183
422,947
351,157
305,991
442,961
397,528
308,940
320,457
507,886
527,884
463,221
403,114
0
4,637
0
04,6370403,114463,221527,884507,886320,457308,940397,528442,961305,991351,157422,947422,183282,455344,828430,082483,507384,054365,037424,185438,763280,279325,793374,693435,656364000000000000000000
   > Long-term Liabilities 0000000000000000000000000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
31,409
38,478
49,802
40,926
53,730
21,611
22,871
22,785
16,526
17,169
17,671
16,469
17,445
18,195
18,980
19,729
21,506
22,198
23,172
23,719
26,830
25,532
26,047
1,190,930
24,836
0
0
0
00024,8361,190,93026,04725,53226,83023,71923,17222,19821,50619,72918,98018,19517,44516,46917,67117,16916,52622,78522,87121,61153,73040,92649,80238,47831,409000000000000000000
> Total Stockholder Equity
70,177
76,848
77,792
0
0
0
51,738
54,567
58,772
68,008
69,963
74,752
227,633
237,776
247,278
247,574
267,494
282,955
298,117
305,955
315,771
330,157
944,646
339,383
337,415
327,802
320,554
320,304
322,783
322,394
310,621
69,868
333,570
343,837
356,505
341,306
324,193
314,507
292,736
299,622
269,097
242,724
257,924
242,719
271,789
294,006
294,006271,789242,719257,924242,724269,097299,622292,736314,507324,193341,306356,505343,837333,57069,868310,621322,394322,783320,304320,554327,802337,415339,383944,646330,157315,771305,955298,117282,955267,494247,574247,278237,776227,63374,75269,96368,00858,77254,56751,73800077,79276,84870,177
   Common Stock
100,000
100,000
10,000
0
0
0
100,000
100,000
100,000
100,000
100,000
100,000
100,000
250,000
250,000
250,000
0
250,000
250,000
250,000
250,000
250,000
250,000
250,000
300,000
300,000
300,000
300,000
300,000
300,000
300,000
300,000
300,000
300,000
300,000
300,000
300,000
300,000
300,000
300,000
300,000
300,000
300,000
0
0
0
000300,000300,000300,000300,000300,000300,000300,000300,000300,000300,000300,000300,000300,000300,000300,000300,000300,000300,000300,000250,000250,000250,000250,000250,000250,000250,0000250,000250,000250,000100,000100,000100,000100,000100,000100,000100,00000010,000100,000100,000
   Retained Earnings 
-29,823
-23,152
-21,308
0
0
0
-48,262
-45,433
-41,228
-31,992
-30,037
-25,248
-17,654
-12,224
-2,722
-2,426
0
32,955
38,494
46,331
56,147
70,534
91,485
89,383
37,415
27,802
19,768
20,307
22,787
22,398
9,133
-3,021
32,082
42,349
26,982
11,783
-5,330
-15,016
-35,653
-28,766
-59,291
-85,664
-43,384
-125,842
-96,772
-74,555
-74,555-96,772-125,842-43,384-85,664-59,291-28,766-35,653-15,016-5,33011,78326,98242,34932,082-3,0219,13322,39822,78720,30719,76827,80237,41589,38391,48570,53456,14746,33138,49432,9550-2,426-2,722-12,224-17,654-25,248-30,037-31,992-41,228-45,433-48,262000-21,308-23,152-29,823
   Capital Surplus 0000000000000000000000000000000000000000000000
   Treasury Stock0000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
89,100
0
0
0
0
0
0
0
0
0
145,287
0
0
0
267,494
0
9,623
9,623
9,623
9,623
944,646
339,383
337,415
327,802
320,554
320,304
322,783
322,394
310,621
69,868
333,570
343,837
29,523
29,523
29,523
29,523
28,389
28,389
28,389
28,389
1,308
0
0
0
0001,30828,38928,38928,38928,38929,52329,52329,52329,523343,837333,57069,868310,621322,394322,783320,304320,554327,802337,415339,383944,6469,6239,6239,6239,6230267,494000145,28700000000089,10000



Balance Sheet

Currency in SAR. All numbers in thousands.




Cash Flow

Currency in SAR. All numbers in thousands.




Income Statement

Currency in SAR. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue832,827
Cost of Revenue--
Gross Profit-832,827
 
Operating Income (+$)
Gross Profit-
Operating Expense-750,001
Operating Income--750,001
 
Operating Expense (+$)
Research Development-
Selling General Administrative-
Selling And Marketing Expenses-
Operating Expense750,0010
 
Net Interest Income (+$)
Interest Income-
Interest Expense--
Other Finance Cost-0
Net Interest Income-
 
Pretax Income (+$)
Operating Income-
Net Interest Income-
Other Non-Operating Income Expenses-
Income Before Tax (EBT)82,826-6,267
EBIT - interestExpense = 0
76,427
76,427
Interest Expense-
Earnings Before Interest and Taxes (EBIT)-82,826
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax82,826
Tax Provision-6,398
Net Income From Continuing Ops76,42776,427
Net Income76,427
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net6,2670
 

Technical Analysis of Saudi Arabian Cooperative Insurance
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Saudi Arabian Cooperative Insurance. The general trend of Saudi Arabian Cooperative Insurance is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Saudi Arabian Cooperative Insurance's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Saudi Arabian Cooperative Insurance.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 21.24 < 23.48.

The bearish price targets are: 16.00 > 15.32 > 15.18.

Tweet this
Saudi Arabian Cooperative Insurance Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Saudi Arabian Cooperative Insurance. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Saudi Arabian Cooperative Insurance Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Saudi Arabian Cooperative Insurance. The current macd is 0.72448838.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Saudi Arabian Cooperative Insurance price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Saudi Arabian Cooperative Insurance. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Saudi Arabian Cooperative Insurance price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Saudi Arabian Cooperative Insurance Daily Moving Average Convergence/Divergence (MACD) ChartSaudi Arabian Cooperative Insurance Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Saudi Arabian Cooperative Insurance. The current adx is 35.25.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Saudi Arabian Cooperative Insurance shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
Saudi Arabian Cooperative Insurance Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Saudi Arabian Cooperative Insurance. The current sar is 20.78.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Saudi Arabian Cooperative Insurance Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Saudi Arabian Cooperative Insurance. The current rsi is 57.60. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Saudi Arabian Cooperative Insurance Daily Relative Strength Index (RSI) ChartSaudi Arabian Cooperative Insurance Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Saudi Arabian Cooperative Insurance. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -2/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Saudi Arabian Cooperative Insurance price going down in the near term. -2
  • Trending up: The STOCH %K is trending up. +1
Saudi Arabian Cooperative Insurance Daily Stochastic Oscillator ChartSaudi Arabian Cooperative Insurance Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Saudi Arabian Cooperative Insurance. The current cci is 26.21.

Saudi Arabian Cooperative Insurance Daily Commodity Channel Index (CCI) ChartSaudi Arabian Cooperative Insurance Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Saudi Arabian Cooperative Insurance. The current cmo is 9.68981992.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Saudi Arabian Cooperative Insurance Daily Chande Momentum Oscillator (CMO) ChartSaudi Arabian Cooperative Insurance Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Saudi Arabian Cooperative Insurance. The current willr is -54.74860335.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Saudi Arabian Cooperative Insurance is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Saudi Arabian Cooperative Insurance Daily Williams %R ChartSaudi Arabian Cooperative Insurance Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Saudi Arabian Cooperative Insurance.

Saudi Arabian Cooperative Insurance Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Saudi Arabian Cooperative Insurance. The current atr is 0.78518383.

Saudi Arabian Cooperative Insurance Daily Average True Range (ATR) ChartSaudi Arabian Cooperative Insurance Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Saudi Arabian Cooperative Insurance. The current obv is 17,506,910.

Saudi Arabian Cooperative Insurance Daily On-Balance Volume (OBV) ChartSaudi Arabian Cooperative Insurance Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Saudi Arabian Cooperative Insurance. The current mfi is 61.33.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Saudi Arabian Cooperative Insurance Daily Money Flow Index (MFI) ChartSaudi Arabian Cooperative Insurance Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Saudi Arabian Cooperative Insurance.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-12STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-16RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-19MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-21SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-11-23STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-26STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-27STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-29STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-04MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-05BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-12RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-17MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-21SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-25STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-26DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-28DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-12-31WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-01SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-02MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-03RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-07DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-08DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-09WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-14RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-16CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-17STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-23MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-25STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-31CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-01CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-05STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-06STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-07CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-11STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-13SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-18WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-25STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-27WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-29BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-03STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-04SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-07SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-10ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-11RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-13ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-14ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-17STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-19RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-20SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-25MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-27CMO LONG ENTRY SHORT CLOSEZero line crossover to upside

6.3. Candlestick Patterns

Saudi Arabian Cooperative Insurance Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Saudi Arabian Cooperative Insurance based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5057.600
Ma 20Greater thanMa 5018.722
Ma 50Greater thanMa 10017.103
Ma 100Greater thanMa 20015.919
OpenGreater thanClose18.740
Total4/5 (80.0%)
Penke

Good job! You gained 25 XP and 0   0   10 . What's next:

  • Share my analysis of Saudi Arabian Cooperative Insurance with someone you think should read this too:
  • Are you bullish or bearish on Saudi Arabian Cooperative Insurance? Let me know what you think in the comments.
  • Do you want an email if I find something interesting about Saudi Arabian Cooperative Insurance? Add an email alert using the form below.
  • Join the community if you want to keep your earnings and track your progress: Join the community
  • Is this analysis useful to you? Support me via But Me a Coffee. I'll analyze the stock market faster for you!

Get notifications about Saudi Arabian Cooperative Insurance

I send you an email if I find something interesting about Saudi Arabian Cooperative Insurance.


Comments

How you think about this?

Leave a comment

Stay informed about Saudi Arabian Cooperative Insurance.

Receive notifications about Saudi Arabian Cooperative Insurance in your mailbox!