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Al Etihad Cooperative Insurance Co SJSC
Buy, Hold or Sell?

Let's analyse Al Etihad Cooperative Insurance Co SJSC together

PenkeI guess you are interested in Al Etihad Cooperative Insurance Co SJSC. 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 Al Etihad Cooperative Insurance Co SJSC. 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.

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Quick analysis of Al Etihad Cooperative Insurance Co SJSC (30 sec.)










What can you expect buying and holding a share of Al Etihad Cooperative Insurance Co SJSC? (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
SR14.92
Expected worth in 1 year
SR17.31
How sure are you?
68.4%

+ What do you gain per year?

Total Gains per Share
SR2.39
Return On Investment
9.7%

For what price can you sell your share?

Current Price per Share
SR24.50
Expected price per share
SR20.28 - SR
How sure are you?
50%

1. Valuation of Al Etihad Cooperative Insurance Co SJSC (5 min.)




Live pricePrice per Share (EOD)

SR24.50

Intrinsic Value Per Share

SR60.99 - SR200.89

Total Value Per Share

SR75.91 - SR215.81

2. Growth of Al Etihad Cooperative Insurance Co SJSC (5 min.)




Is Al Etihad Cooperative Insurance Co SJSC growing?

Current yearPrevious yearGrowGrow %
How rich?$179.1m$148m$21.2m12.5%

How much money is Al Etihad Cooperative Insurance Co SJSC making?

Current yearPrevious yearGrowGrow %
Making money$6.2m$2.3m$3.9m62.7%
Net Profit Margin8.1%2.8%--

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

3. Financial Health of Al Etihad Cooperative Insurance Co SJSC (5 min.)




What can you expect buying and holding a share of Al Etihad Cooperative Insurance Co SJSC? (5 min.)

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

What can you expect buying and holding a share of Al Etihad Cooperative Insurance Co SJSC?

First you should know what it really means to hold a share of Al Etihad Cooperative Insurance Co SJSC. And how you can make/lose money.

Speculation

The Price per Share of Al Etihad Cooperative Insurance Co SJSC is SR24.50. 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 Al Etihad Cooperative Insurance Co SJSC.
  • 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 Al Etihad Cooperative Insurance Co SJSC, 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 SR14.92. Based on the TTM, the Book Value Change Per Share is SR0.60 per quarter. Based on the YOY, the Book Value Change Per Share is SR0.07 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 Al Etihad Cooperative Insurance Co SJSC.

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 Eps0.140.6%0.140.6%0.050.2%0.070.3%0.070.3%
Usd Book Value Change Per Share0.160.7%0.160.7%0.020.1%0.070.3%0.060.2%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.160.7%0.160.7%0.020.1%0.070.3%0.060.2%
Usd Price Per Share4.91-3.66-4.47-4.75-5.33-
Price to Earnings Ratio8.64-12.94--32.60-32.27-31.68-
Price-to-Total Gains Ratio30.34-58.83-53.95-41.89-88.62-
Price to Book Ratio1.23-0.97-1.36-1.24-2.24-
Price-to-Total Gains Ratio30.34-58.83-53.95-41.89-88.62-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share6.5366
Number of shares152
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.160.07
Usd Total Gains Per Share0.160.07
Gains per Quarter (152 shares)24.2110.78
Gains per Year (152 shares)96.8343.11
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10978704333
2019418408676
302912810129119
403873780172162
504844750216205
605815720259248
706786690302291
807757660345334
908728630388377
1009689600431420

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%10.02.00.083.3%17.03.00.085.0%33.05.00.086.8%36.06.00.085.7%
Book Value Change Per Share4.00.00.0100.0%10.02.00.083.3%14.04.02.070.0%26.08.04.068.4%29.09.04.069.0%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.020.00.0%0.00.038.00.0%0.00.042.00.0%
Total Gains per Share4.00.00.0100.0%10.02.00.083.3%14.04.02.070.0%26.08.04.068.4%29.09.04.069.0%

Fundamentals of Al Etihad Cooperative Insurance Co SJSC

About Al Etihad Cooperative Insurance Co SJSC

Al-Etihad Cooperative Insurance Company provides insurance services in the Kingdom of Saudi Arabia. It offers property, home, motor, marine and marine cargo, medical and health, general accident and liability, casualty, engineering and construction, visit and tourism, travel, medical malpractice, and other general insurance products and services. Al-Etihad Cooperative Insurance Company was founded in 2008 and is headquartered in Khobar, the Kingdom of Saudi Arabia.

Fundamental data was last updated by Penke on 2024-03-28 05:52:05.

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 inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

Valuation

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

1.1. Profitability of Al Etihad Cooperative Insurance Co SJSC.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Al Etihad Cooperative Insurance Co SJSC earns for each ﷼1 of revenue.

  • Above 10% is considered healthy but always compare Al Etihad Cooperative Insurance Co SJSC to the Insurance - Diversified industry mean.
  • A Net Profit Margin of 7.2% means that ﷼0.07 for each ﷼1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Al Etihad Cooperative Insurance Co SJSC:

  • The MRQ is 7.2%. The company is making a profit. +1
  • The TTM is 8.1%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ7.2%TTM8.1%-0.9%
TTM8.1%YOY2.8%+5.3%
TTM8.1%5Y4.6%+3.5%
5Y4.6%10Y5.7%-1.1%
1.1.2. Return on Assets

Shows how efficient Al Etihad Cooperative Insurance Co SJSC is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Al Etihad Cooperative Insurance Co SJSC to the Insurance - Diversified industry mean.
  • 1.3% Return on Assets means that Al Etihad Cooperative Insurance Co SJSC generated ﷼0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Al Etihad Cooperative Insurance Co SJSC:

  • The MRQ is 1.3%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.4%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.3%TTM1.4%-0.2%
TTM1.4%YOY0.5%+1.0%
TTM1.4%5Y0.8%+0.6%
5Y0.8%10Y0.8%+0.1%
1.1.3. Return on Equity

Shows how efficient Al Etihad Cooperative Insurance Co SJSC is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Al Etihad Cooperative Insurance Co SJSC to the Insurance - Diversified industry mean.
  • 3.6% Return on Equity means Al Etihad Cooperative Insurance Co SJSC generated ﷼0.04 for each ﷼1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Al Etihad Cooperative Insurance Co SJSC:

  • The MRQ is 3.6%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 3.7%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ3.6%TTM3.7%-0.1%
TTM3.7%YOY1.6%+2.1%
TTM3.7%5Y2.3%+1.3%
5Y2.3%10Y2.6%-0.3%

1.2. Operating Efficiency of Al Etihad Cooperative Insurance Co SJSC.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Al Etihad Cooperative Insurance Co SJSC is operating .

  • Measures how much profit Al Etihad Cooperative Insurance Co SJSC 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 Al Etihad Cooperative Insurance Co SJSC 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 Al Etihad Cooperative Insurance Co SJSC:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY4.3%-4.3%
TTM-5Y4.4%-4.4%
5Y4.4%10Y4.6%-0.2%
1.2.2. Operating Ratio

Measures how efficient Al Etihad Cooperative Insurance Co SJSC is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Insurance - Diversified industry mean).
  • An Operation Ratio of 0.93 means that the operating costs are ﷼0.93 for each ﷼1 in net sales.

Let's take a look of the Operating Ratio trends of Al Etihad Cooperative Insurance Co SJSC:

  • The MRQ is 0.928. The company is less efficient in keeping operating costs low.
  • The TTM is 0.910. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.928TTM0.910+0.018
TTM0.910YOY0.955-0.045
TTM0.9105Y1.102-0.192
5Y1.10210Y0.942+0.160

1.3. Liquidity of Al Etihad Cooperative Insurance Co SJSC.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Al Etihad Cooperative Insurance Co SJSC 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 Al Etihad Cooperative Insurance Co SJSC:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY0.773-0.773
TTM-5Y0.843-0.843
5Y0.84310Y0.666+0.177
1.3.2. Quick Ratio

Measures if Al Etihad Cooperative Insurance Co SJSC is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Al Etihad Cooperative Insurance Co SJSC 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 Al Etihad Cooperative Insurance Co SJSC:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY0.804-0.804
TTM-5Y0.634-0.634
5Y0.63410Y0.412+0.222

1.4. Solvency of Al Etihad Cooperative Insurance Co SJSC.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Al Etihad Cooperative Insurance Co SJSC assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Al Etihad Cooperative Insurance Co SJSC to Insurance - Diversified industry mean.
  • A Debt to Asset Ratio of 0.64 means that Al Etihad Cooperative Insurance Co SJSC assets are financed with 64.1% credit (debt) and the remaining percentage (100% - 64.1%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Al Etihad Cooperative Insurance Co SJSC:

  • The MRQ is 0.641. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.617. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.641TTM0.617+0.023
TTM0.617YOY0.687-0.070
TTM0.6175Y0.702-0.085
5Y0.70210Y0.742-0.040
1.4.2. Debt to Equity Ratio

Measures if Al Etihad Cooperative Insurance Co SJSC is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Al Etihad Cooperative Insurance Co SJSC to the Insurance - Diversified industry mean.
  • A Debt to Equity ratio of 178.4% means that company has ﷼1.78 debt for each ﷼1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Al Etihad Cooperative Insurance Co SJSC:

  • The MRQ is 1.784. The company is just able to pay all its debts with equity.
  • The TTM is 1.620. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.784TTM1.620+0.164
TTM1.620YOY2.199-0.579
TTM1.6205Y2.097-0.477
5Y2.09710Y2.939-0.842

2. Market Valuation of Al Etihad Cooperative Insurance Co SJSC

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 Al Etihad Cooperative Insurance Co SJSC generates.

  • Above 15 is considered overpriced but always compare Al Etihad Cooperative Insurance Co SJSC to the Insurance - Diversified industry mean.
  • A PE ratio of 8.64 means the investor is paying ﷼8.64 for every ﷼1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Al Etihad Cooperative Insurance Co SJSC:

  • The EOD is 11.505. Based on the earnings, the company is underpriced. +1
  • The MRQ is 8.640. Based on the earnings, the company is underpriced. +1
  • The TTM is 12.937. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD11.505MRQ8.640+2.864
MRQ8.640TTM12.937-4.297
TTM12.937YOY-32.598+45.535
TTM12.9375Y32.272-19.336
5Y32.27210Y31.679+0.594
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Al Etihad Cooperative Insurance Co SJSC:

  • The EOD is 1.915. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 1.439. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 0.067. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD1.915MRQ1.439+0.477
MRQ1.439TTM0.067+1.372
TTM0.067YOY3.572-3.505
TTM0.0675Y4.736-4.669
5Y4.73610Y6.176-1.440
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Al Etihad Cooperative Insurance Co SJSC 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 1.23 means the investor is paying ﷼1.23 for each ﷼1 in book value.

Let's take a look of the Price to Book Ratio trends of Al Etihad Cooperative Insurance Co SJSC:

  • The EOD is 1.642. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.233. Based on the equity, the company is underpriced. +1
  • The TTM is 0.972. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD1.642MRQ1.233+0.409
MRQ1.233TTM0.972+0.261
TTM0.972YOY1.361-0.389
TTM0.9725Y1.236-0.264
5Y1.23610Y2.241-1.006
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Al Etihad Cooperative Insurance Co SJSC 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--0.6060.597+2%0.067+803%0.266+128%0.210+189%
Book Value Per Share--14.92514.104+6%12.334+21%10.530+42%8.850+69%
Current Ratio----0%0.773-100%0.843-100%0.666-100%
Debt To Asset Ratio--0.6410.617+4%0.687-7%0.702-9%0.742-14%
Debt To Equity Ratio--1.7841.620+10%2.199-19%2.097-15%2.939-39%
Dividend Per Share----0%-0%-0%-0%
Eps--0.5320.522+2%0.190+180%0.266+100%0.251+112%
Free Cash Flow Per Share--3.1981.507+112%0.497+544%0.523+512%0.624+413%
Free Cash Flow To Equity Per Share--3.1981.507+112%0.497+544%0.523+512%0.624+413%
Gross Profit Margin--1.0001.0000%1.0000%0.850+18%0.921+9%
Intrinsic Value_10Y_max--200.886--------
Intrinsic Value_10Y_min--60.988--------
Intrinsic Value_1Y_max--6.184--------
Intrinsic Value_1Y_min--3.129--------
Intrinsic Value_3Y_max--29.209--------
Intrinsic Value_3Y_min--12.040--------
Intrinsic Value_5Y_max--65.048--------
Intrinsic Value_5Y_min--23.775--------
Market Cap1102500000.000+25%828000000.000617400000.000+34%754621875.000+10%800684100.000+3%898427486.842-8%
Net Profit Margin--0.0720.081-11%0.028+156%0.046+56%0.057+27%
Operating Margin----0%0.043-100%0.044-100%0.046-100%
Operating Ratio--0.9280.910+2%0.955-3%1.102-16%0.942-1%
Pb Ratio1.642+25%1.2330.972+27%1.361-9%1.2360%2.241-45%
Pe Ratio11.505+25%8.64012.937-33%-32.598+477%32.272-73%31.679-73%
Price Per Share24.500+25%18.40013.720+34%16.769+10%17.793+3%19.965-8%
Price To Free Cash Flow Ratio1.915+25%1.4390.067+2047%3.572-60%4.736-70%6.176-77%
Price To Total Gains Ratio40.402+25%30.34358.829-48%53.952-44%41.890-28%88.617-66%
Quick Ratio----0%0.804-100%0.634-100%0.412-100%
Return On Assets--0.0130.014-11%0.005+170%0.008+55%0.008+71%
Return On Equity--0.0360.037-3%0.016+129%0.023+53%0.026+35%
Total Gains Per Share--0.6060.597+2%0.067+803%0.266+128%0.210+189%
Usd Book Value--179188216.000169330089.400+6%148087214.604+21%126428055.290+42%106247268.946+69%
Usd Book Value Change Per Share--0.1620.159+2%0.018+803%0.071+128%0.056+189%
Usd Book Value Per Share--3.9823.763+6%3.291+21%2.810+42%2.361+69%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps--0.1420.139+2%0.051+180%0.071+100%0.067+112%
Usd Free Cash Flow--38391186.00018090240.600+112%5962390.572+544%6277857.227+512%7487752.440+413%
Usd Free Cash Flow Per Share--0.8530.402+112%0.132+544%0.140+512%0.166+413%
Usd Free Cash Flow To Equity Per Share--0.8530.402+112%0.132+544%0.140+512%0.166+413%
Usd Market Cap294147000.000+25%220910400.000164722320.000+34%201333116.250+10%213622517.880+3%239700453.489-8%
Usd Price Per Share6.537+25%4.9093.660+34%4.474+10%4.747+3%5.327-8%
Usd Profit--6391994.4006262863.200+2%2336091.462+174%3465804.943+84%3186476.344+101%
Usd Revenue--88633361.20078663979.000+13%72230275.556+23%61694614.024+44%55762064.383+59%
Usd Total Gains Per Share--0.1620.159+2%0.018+803%0.071+128%0.056+189%
 EOD+4 -4MRQTTM+20 -10YOY+27 -65Y+29 -510Y+27 -7

3.2. Fundamental Score

Let's check the fundamental score of Al Etihad Cooperative Insurance Co SJSC based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1511.505
Price to Book Ratio (EOD)Between0-11.642
Net Profit Margin (MRQ)Greater than00.072
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than10.000
Debt to Asset Ratio (MRQ)Less than10.641
Debt to Equity Ratio (MRQ)Less than11.784
Return on Equity (MRQ)Greater than0.150.036
Return on Assets (MRQ)Greater than0.050.013
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of Al Etihad Cooperative Insurance Co SJSC based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5067.765
Ma 20Greater thanMa 5022.560
Ma 50Greater thanMa 10020.554
Ma 100Greater thanMa 20019.421
OpenGreater thanClose23.520
Total4/5 (80.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2022-12-312023-03-312023-06-302023-09-302023-12-31
Selling General Administrative  45,888-43,0822,80610,98013,786-11,8381,948-14,823-12,875



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in SAR. All numbers in thousands.

Summary
Total Assets1,869,813
Total Liabilities1,198,193
Total Stockholder Equity671,620
 As reported
Total Liabilities 1,198,193
Total Stockholder Equity+ 671,620
Total Assets = 1,869,813

Assets

Total Assets1,869,813
Total Current Assets0
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 77,374
Short-term Investments 49,608
Total Current Assets  (as reported)0
Total Current Assets  (calculated)126,982
+/- 126,982
Long-term Assets
Property Plant Equipment 26,008
Goodwill 4,497
Long Term Investments 553,244
Long-term Assets  (as reported)0
Long-term Assets  (calculated)583,749
+/- 583,749

Liabilities & Shareholders' Equity

Total Current Liabilities0
Long-term Liabilities0
Total Stockholder Equity671,620
Total Current Liabilities
Total Current Liabilities  (as reported)0
Total Current Liabilities  (calculated)0
+/-0
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Retained Earnings 150,065
Total Stockholder Equity (as reported)671,620
Total Stockholder Equity (calculated)150,065
+/- 521,555
Other
Capital Stock450,000
Common Stock Shares Outstanding 45,000
Net Invested Capital 671,620
Property Plant and Equipment Gross 55,766



Balance Sheet

Currency in SAR. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302012-12-312012-09-302012-06-302012-03-31
> Total Assets 
1,032,733
1,034,887
1,057,354
1,021,666
0
0
1,340,420
0
1,316,859
1,423,893
1,332,807
1,488,604
1,585,172
1,670,194
1,605,469
1,620,966
1,681,830
1,541,152
1,497,507
1,521,509
1,576,554
1,615,709
1,551,634
1,530,758
1,524,810
1,572,492
1,486,904
1,434,485
1,450,066
1,463,583
1,459,987
1,482,906
1,448,093
1,519,585
1,629,021
1,708,066
1,742,087
1,840,901
1,810,632
1,518,795
1,549,485
1,720,937
1,869,813
1,869,8131,720,9371,549,4851,518,7951,810,6321,840,9011,742,0871,708,0661,629,0211,519,5851,448,0931,482,9061,459,9871,463,5831,450,0661,434,4851,486,9041,572,4921,524,8101,530,7581,551,6341,615,7091,576,5541,521,5091,497,5071,541,1521,681,8301,620,9661,605,4691,670,1941,585,1721,488,6041,332,8071,423,8931,316,85901,340,420001,021,6661,057,3541,034,8871,032,733
   > Total Current Assets 
953,490
952,689
988,672
967,342
0
0
1,233,900
0
0
0
1,229,649
0
0
0
1,509,536
1,541,776
1,153,929
1,426,357
1,020,910
828,556
791,364
835,913
542,251
514,118
651,733
700,043
1,322,044
1,289,552
1,300,357
1,311,675
1,205,277
1,230,738
1,188,693
1,250,473
897,657
1,087,656
1,074,440
784,145
639,739
0
0
0
0
0000639,739784,1451,074,4401,087,656897,6571,250,4731,188,6931,230,7381,205,2771,311,6751,300,3571,289,5521,322,044700,043651,733514,118542,251835,913791,364828,5561,020,9101,426,3571,153,9291,541,7761,509,5360001,229,6490001,233,90000967,342988,672952,689953,490
       Cash And Cash Equivalents 
255,620
349,589
405,010
444,849
0
0
444,666
0
0
0
602,226
0
0
0
617,639
401,900
425,667
359,383
445,696
292,609
241,553
331,459
151,890
170,827
266,302
267,925
383,064
472,632
495,465
403,972
451,716
392,293
502,540
456,592
535,498
665,772
624,632
307,950
189,867
124,956
177,130
70,019
77,374
77,37470,019177,130124,956189,867307,950624,632665,772535,498456,592502,540392,293451,716403,972495,465472,632383,064267,925266,302170,827151,890331,459241,553292,609445,696359,383425,667401,900617,639000602,226000444,66600444,849405,010349,589255,620
       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
124,911
103,114
108,492
111,136
183,120
180,638
187,786
196,471
187,476
212,025
167,849
165,985
165,818
45,849
45,849
45,849
49,608
49,60845,84945,84945,849165,818165,985167,849212,025187,476196,471187,786180,638183,120111,136108,492103,114124,91100000000000000000000000000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
265,443
294,835
285,042
253,171
227,842
175,552
211,336
157,878
175,901
121,621
154,161
170,819
191,962
132,326
160,731
159,145
211,162
159,460
131,035
139,833
179,358
205,912
211,727
203,298
250,129
0
0
0
0
0000250,129203,298211,727205,912179,358139,833131,035159,460211,162159,145160,731132,326191,962170,819154,161121,621175,901157,878211,336175,552227,842253,171285,042294,835265,44300000000000000
       Other Current Assets 
697,869
603,101
583,661
522,493
0
0
789,234
0
0
0
627,423
0
0
0
85,156
1,139,876
382,418
1,066,975
322,518
301,431
292,401
296,981
210,893
176,602
190,921
209,976
814,069
713,806
696,400
796,567
570,441
657,807
498,366
597,411
177,100
152,115
172,031
181,095
193,366
0
0
0
0
0000193,366181,095172,031152,115177,100597,411498,366657,807570,441796,567696,400713,806814,069209,976190,921176,602210,893296,981292,401301,431322,5181,066,975382,4181,139,87685,156000627,423000789,23400522,493583,661603,101697,869
   > Long-term Assets 
79,243
82,198
68,683
54,323
0
0
106,520
0
0
0
103,158
0
0
0
95,933
79,191
0
114,794
0
0
0
0
0
0
0
0
164,860
144,933
149,709
151,908
254,710
252,169
259,400
269,111
258,939
320,436
317,829
0
0
0
0
0
0
000000317,829320,436258,939269,111259,400252,169254,710151,908149,709144,933164,86000000000114,794079,19195,933000103,158000106,5200054,32368,68382,19879,243
       Property Plant Equipment 
4,173
4,774
4,591
4,517
0
0
6,917
0
7,426
7,335
7,334
7,168
7,144
7,047
6,945
6,721
6,774
6,952
7,329
7,093
6,786
6,520
6,492
6,312
6,508
6,145
15,766
17,635
17,033
16,589
20,257
20,199
20,282
21,325
21,447
27,144
26,314
25,573
21,681
22,887
23,066
24,033
26,008
26,00824,03323,06622,88721,68125,57326,31427,14421,44721,32520,28220,19920,25716,58917,03317,63515,7666,1456,5086,3126,4926,5206,7867,0937,3296,9526,7746,7216,9457,0477,1447,1687,3347,3357,42606,917004,5174,5914,7744,173
       Goodwill 
4,497
4,497
4,497
0
0
0
0
0
0
0
0
0
0
0
4,497
4,497
4,497
4,497
4,497
4,497
4,497
4,497
4,497
4,497
4,497
4,497
4,497
4,497
4,497
4,497
4,497
4,497
4,497
4,497
4,497
4,497
4,497
4,497
4,497
4,497
4,497
4,497
4,497
4,4974,4974,4974,4974,4974,4974,4974,4974,4974,4974,4974,4974,4974,4974,4974,4974,4974,4974,4974,4974,4974,4974,4974,4974,4974,4974,4974,4974,497000000000004,4974,4974,497
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
267,786
421,711
487,545
488,015
436,440
652,377
748,856
745,558
967,308
136,320
120,432
105,218
144,598
122,801
128,180
130,823
229,956
227,473
234,622
243,290
232,996
288,795
287,019
300,055
302,305
314,557
330,991
430,694
553,244
553,244430,694330,991314,557302,305300,055287,019288,795232,996243,290234,622227,473229,956130,823128,180122,801144,598105,218120,432136,320967,308745,558748,856652,377436,440488,015487,545421,711267,78600000000000000
       Intangible Assets 
0
0
0
4,497
0
0
4,497
0
0
0
4,497
0
0
0
4,497
4,497
29,086
4,497
23,894
28,986
25,052
23,221
22,750
21,880
20,714
22,441
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000022,44120,71421,88022,75023,22125,05228,98623,8944,49729,0864,4974,4970004,4970004,497004,497000
> Total Liabilities 
727,988
738,486
754,369
709,320
0
0
1,101,256
0
1,051,245
1,166,932
1,080,328
1,237,281
1,326,351
1,388,135
1,307,944
1,312,589
1,350,079
1,192,704
1,141,185
1,138,054
1,169,430
1,183,748
1,119,222
1,530,758
1,524,810
1,572,492
1,009,192
954,129
934,275
914,561
951,083
956,454
900,406
959,104
1,076,942
1,146,048
1,206,796
1,282,180
1,246,463
932,214
913,336
1,076,605
1,198,193
1,198,1931,076,605913,336932,2141,246,4631,282,1801,206,7961,146,0481,076,942959,104900,406956,454951,083914,561934,275954,1291,009,1921,572,4921,524,8101,530,7581,119,2221,183,7481,169,4301,138,0541,141,1851,192,7041,350,0791,312,5891,307,9441,388,1351,326,3511,237,2811,080,3281,166,9321,051,24501,101,25600709,320754,369738,486727,988
   > Total Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,217,944
1,209,077
1,230,072
1,056,834
1,026,851
1,117,113
1,146,715
1,161,702
1,068,885
1,050,736
1,030,810
1,060,901
957,781
927,204
905,887
887,239
889,671
919,613
865,086
925,147
1,023,604
1,106,293
1,168,777
1,242,578
1,147,358
0
0
0
0
00001,147,3581,242,5781,168,7771,106,2931,023,604925,147865,086919,613889,671887,239905,887927,204957,7811,060,9011,030,8101,050,7361,068,8851,161,7021,146,7151,117,1131,026,8511,056,8341,230,0721,209,0771,217,94400000000000000
       Accounts payable 
23,704
25,966
22,485
14,045
0
0
96,290
0
0
0
42,390
0
0
0
74,155
63,426
576,410
68,509
540,377
541,373
559,271
555,270
484,693
434,353
451,550
452,887
85,465
53,949
51,778
49,234
63,893
44,434
45,294
50,067
87,300
81,476
64,611
63,243
477,194
0
0
0
0
0000477,19463,24364,61181,47687,30050,06745,29444,43463,89349,23451,77853,94985,465452,887451,550434,353484,693555,270559,271541,373540,37768,509576,41063,42674,15500042,39000096,2900014,04522,48525,96623,704
       Other Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
55,769
478,222
530,754
413,572
470,501
496,321
510,309
528,667
570,633
555,941
512,699
538,116
542,319
458,833
433,670
441,502
484,472
467,087
418,003
466,634
548,982
587,861
614,858
646,656
626,925
0
0
0
0
0000626,925646,656614,858587,861548,982466,634418,003467,087484,472441,502433,670458,833542,319538,116512,699555,941570,633528,667510,309496,321470,501413,572530,754478,22255,76900000000000000
   > Long-term Liabilities 
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
6,162
6,722
5,319
6,091
8,188
9,065
8,643
7,442
7,986
15,064
12,454
0
0
0
0
0
0
00000012,45415,0647,9867,4428,6439,0658,1886,0915,3196,7226,16200000000000000000000000000
       Long term Debt Total 
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
3,716
3,108
3,142
8,660
6,425
0
0
0
0
0
0
0000006,4258,6603,1423,1083,71600000000000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
90,000
103,512
120,007
135,869
114,335
20,942
22,715
22,047
50,337
30,131
31,856
42,729
47,602
23,103
24,661
24,232
54,103
29,513
28,304
27,550
47,913
28,813
29,867
31,378
90,673
0
0
0
0
000090,67331,37829,86728,81347,91327,55028,30429,51354,10324,23224,66123,10347,60242,72931,85630,13150,33722,04722,71520,942114,335135,869120,007103,51290,00000000000000000
       Deferred Long Term Liability 
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
16,153
0
0
0
23,625
0
0
0
29,393
0
0
0
0
000029,39300023,62500016,153000000000000000000000000000000
> Total Stockholder Equity
304,745
296,401
302,985
312,346
0
0
239,164
0
265,615
256,960
252,479
251,323
258,821
282,058
297,525
308,377
331,751
348,448
356,322
383,455
407,124
431,960
432,412
448,064
460,298
467,645
477,712
480,356
515,791
549,022
508,905
526,452
547,687
560,481
552,079
562,018
535,291
558,721
564,168
586,581
636,149
644,332
671,620
671,620644,332636,149586,581564,168558,721535,291562,018552,079560,481547,687526,452508,905549,022515,791480,356477,712467,645460,298448,064432,412431,960407,124383,455356,322348,448331,751308,377297,525282,058258,821251,323252,479256,960265,6150239,16400312,346302,985296,401304,745
   Common Stock
250,000
250,000
250,000
250,000
0
0
275,000
0
0
0
275,000
0
0
0
275,000
275,000
275,000
275,000
275,000
275,000
275,000
275,000
275,000
275,000
400,000
400,000
400,000
400,000
400,000
400,000
400,000
400,000
400,000
400,000
400,000
400,000
400,000
450,000
0
0
0
0
0
00000450,000400,000400,000400,000400,000400,000400,000400,000400,000400,000400,000400,000400,000400,000275,000275,000275,000275,000275,000275,000275,000275,000275,000275,000000275,000000275,00000250,000250,000250,000250,000
   Retained Earnings 
41,640
34,451
39,305
45,986
0
0
0
0
0
0
0
0
0
0
28,265
33,839
56,474
73,170
80,286
100,451
122,845
149,062
150,421
162,404
52,541
63,677
51,641
66,643
96,977
123,394
73,732
84,783
100,536
106,766
100,478
97,418
94,687
99,676
106,311
87,135
136,703
144,886
150,065
150,065144,886136,70387,135106,31199,67694,68797,418100,478106,766100,53684,78373,732123,39496,97766,64351,64163,67752,541162,404150,421149,062122,845100,45180,28673,17056,47433,83928,265000000000045,98639,30534,45141,640
   Capital Surplus 0000000000000000000000000000000000000000000
   Treasury Stock0000000000000000000000000000000000000000000
   Other Stockholders Equity 
13,105
11,951
13,680
16,361
0
0
-35,836
0
265,615
256,960
-22,521
251,323
258,821
282,058
22,525
33,377
331,751
73,448
356,322
383,455
407,124
431,960
432,412
448,064
460,298
467,645
26,071
13,713
18,814
25,628
35,172
41,669
47,151
53,715
51,601
64,600
40,604
9,045
0
0
0
0
0
000009,04540,60464,60051,60153,71547,15141,66935,17225,62818,81413,71326,071467,645460,298448,064432,412431,960407,124383,455356,32273,448331,75133,37722,525282,058258,821251,323-22,521256,960265,6150-35,8360016,36113,68011,95113,105



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 (+$)
totalRevenue1,179,370
Cost of Revenue-0
Gross Profit01,179,370
 
Operating Income (+$)
Gross Profit0
Operating Expense-1,075,474
Operating Income0-1,075,474
 
Operating Expense (+$)
Research Development0
Selling General Administrative5,665
Selling And Marketing Expenses0
Operating Expense1,075,4745,665
 
Net Interest Income (+$)
Interest Income53,338
Interest Expense-257
Other Finance Cost-53,338
Net Interest Income-257
 
Pretax Income (+$)
Operating Income0
Net Interest Income-257
Other Non-Operating Income Expenses0
Income Before Tax (EBT)103,8960
EBIT - interestExpense = -257
93,896
94,153
Interest Expense257
Earnings Before Interest and Taxes (EBIT)0104,153
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax103,896
Tax Provision-10,000
Net Income From Continuing Ops93,89693,896
Net Income93,896
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0257
 

Technical Analysis of Al Etihad Cooperative Insurance Co SJSC
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 Al Etihad Cooperative Insurance Co SJSC. The general trend of Al Etihad Cooperative Insurance Co SJSC 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 Al Etihad Cooperative Insurance Co SJSC'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 Al Etihad Cooperative Insurance Co SJSC.

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: .

The bearish price targets are: 21.80 > 20.42 > 20.28.

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Al Etihad Cooperative Insurance Co SJSC 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 Al Etihad Cooperative Insurance Co SJSC. 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

Al Etihad Cooperative Insurance Co SJSC 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 Al Etihad Cooperative Insurance Co SJSC. The current macd is 1.30362516.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Al Etihad Cooperative Insurance Co SJSC price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Al Etihad Cooperative Insurance Co SJSC. 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 Al Etihad Cooperative Insurance Co SJSC 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
Al Etihad Cooperative Insurance Co SJSC Daily Moving Average Convergence/Divergence (MACD) ChartAl Etihad Cooperative Insurance Co SJSC 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 Al Etihad Cooperative Insurance Co SJSC. The current adx is 50.08.

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 Al Etihad Cooperative Insurance Co SJSC 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
Al Etihad Cooperative Insurance Co SJSC 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 Al Etihad Cooperative Insurance Co SJSC. The current sar is 25.51.

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
Al Etihad Cooperative Insurance Co SJSC 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 Al Etihad Cooperative Insurance Co SJSC. The current rsi is 67.76. 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
Al Etihad Cooperative Insurance Co SJSC Daily Relative Strength Index (RSI) ChartAl Etihad Cooperative Insurance Co SJSC 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 Al Etihad Cooperative Insurance Co SJSC. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Al Etihad Cooperative Insurance Co SJSC price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Al Etihad Cooperative Insurance Co SJSC Daily Stochastic Oscillator ChartAl Etihad Cooperative Insurance Co SJSC 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 Al Etihad Cooperative Insurance Co SJSC. The current cci is 60.69.

Al Etihad Cooperative Insurance Co SJSC Daily Commodity Channel Index (CCI) ChartAl Etihad Cooperative Insurance Co SJSC 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 Al Etihad Cooperative Insurance Co SJSC. The current cmo is 29.61.

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
Al Etihad Cooperative Insurance Co SJSC Daily Chande Momentum Oscillator (CMO) ChartAl Etihad Cooperative Insurance Co SJSC 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 Al Etihad Cooperative Insurance Co SJSC. The current willr is -22.01257862.

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 Al Etihad Cooperative Insurance Co SJSC is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Al Etihad Cooperative Insurance Co SJSC Daily Williams %R ChartAl Etihad Cooperative Insurance Co SJSC 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 Al Etihad Cooperative Insurance Co SJSC.

Al Etihad Cooperative Insurance Co SJSC 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 Al Etihad Cooperative Insurance Co SJSC. The current atr is 0.80760905.

Al Etihad Cooperative Insurance Co SJSC Daily Average True Range (ATR) ChartAl Etihad Cooperative Insurance Co SJSC 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 Al Etihad Cooperative Insurance Co SJSC. The current obv is 13,253,262.

Al Etihad Cooperative Insurance Co SJSC Daily On-Balance Volume (OBV) ChartAl Etihad Cooperative Insurance Co SJSC 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 Al Etihad Cooperative Insurance Co SJSC. The current mfi is 77.91.

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
Al Etihad Cooperative Insurance Co SJSC Daily Money Flow Index (MFI) ChartAl Etihad Cooperative Insurance Co SJSC Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Al Etihad Cooperative Insurance Co SJSC.

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

6.3. Candlestick Patterns

Al Etihad Cooperative Insurance Co SJSC Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Al Etihad Cooperative Insurance Co SJSC based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5067.765
Ma 20Greater thanMa 5022.560
Ma 50Greater thanMa 10020.554
Ma 100Greater thanMa 20019.421
OpenGreater thanClose23.520
Total4/5 (80.0%)
Penke

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