Al Ahsa for Dev.Co (2140.SA) Shares Witness Losses of -3.85% After Rough Week

Al Ahsa for Dev.Co (2140.SA) shares are showing negative signals short-term as the stock has finished lower by -3.85% for the week. In taking a look at recent performance, we can see that shares have moved -0.57% over the past 4-weeks, 4.58% over the past half year and 0.96% over the past full year.

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Currently, Al Ahsa for Dev.Co (2140.SA) has a 14-day Commodity Channel Index (CCI) of -83.44. The CCI technical indicator can be employed to help figure out if a stock is overbought or oversold. CCI may also be used to aid in the discovery of divergences that could possibly signal reversal moves. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may offer an oversold signal.

Let’s take a further look at the Average Directional Index or ADX. The ADX measures the strength or weakness of a particular trend. Investors and traders may be looking to figure out if a stock is trending before employing a specific trading strategy. The ADX is

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