Saudi Steel Pipe (1320) : AB:CD Pattern after Breakout TADAWUL:1320
🚀 56 Is the Breakout Level — AB=CD Target at 191?
The stock is approaching a critical breakout zone around 56.
A decisive breakout above 56, accompanied by a break of the dotted trendline, could confirm the bullish structure and activate the potential AB=CD pattern.
📈 Bullish Scen
Saudi Steel Pipe Co.
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Compare with Saudi Steel Pipe Co.
3.02 SAR
191.53 M SAR
1.41 B SAR
18.11 M
Next report date
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Report period
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EPS estimate
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Revenue estimate
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Company info
Sector
Industry
CEO
Renwar Arfan Mahmoud Berzinji
Website
Headquarters
Dammam
Founded
1980
IPO date
Jun 27, 2009
ISIN
SA12B050KK11
FIGI
BBG000M296B5
Identifiers
ISIN SA12B050KK11
Saudi Steel Pipe Co. engages in the manufacture of welded steel pipes. It provides black and galvanized HFI/ERW steel pipes in different sizes for water, oil and gas pipelines, and other commercial and construction applications. Saudi Steel Pipe also offers services, such as hot induction bending of different sizes and a facility for heat treatment. The firm operates through the Saudi Arabia and Other Countries geographical segments. Saudi Steel Pipe was founded on June 11, 1980 and is headquartered in Dammam, Saudi Arabia.
1320 Weekly breakout1320 Broke out of a descending channel that it was following since March 2024. If it is able to breakout above 58-59 it has huge potential upward. Should stay above 50.5 (SL) for this swing for now. Some intermediate resistances marked as partial profit taking levels, with eventual target of 78 for
Descending Channel Breakout - Sustaining below strong resistanceSSP started a bullish rally after deep retracement. Rally is backed by volume. It has broken another descending channel and so far sustaining below a strong resistance zone of 56.2 - 59.
Daily outlook is still bullish. I would expect a breakout as long as it doesn't close below 53 on daily TF (SL)
1320 - Saudi Steel Pipe - TASI - SAUDI STOCK MARKETThe stock is showing early signs of recovery after a prolonged downtrend ( new contracts + strong focus on Oil & Gas infrastructure ).
Technicals:
Price is holding above the anchorage VWAP from the bottom 48.3, indicating institutional accumulation. Still below VWAP from top 67.6, trend not fully
Bullish Flag Pattern on Bigger tf + Bullish Divergence
Closed at 60.50 (02-06-2025)
Bullish Flag Pattern on Bigger tf + Bullish Divergence
is there.
54.50 - 62.50 is an Important Support
Zone. If this level is Sustained, we may
witness further upside towards 70-71.
A very Important Resistance Level is around 90-92
which if Crossed with Good Volumes,
saudi steel pip is to hold more and morehello investors
Dear 1320 investors you should hold your shares because saudi steel pip will, if breaks up its higher high price(93$), reach its 134$ as a first target in few mounths.
why? because as we broke out its long corridor now it is in its first breath so 134$ will be its plenty first breat
See all ideas
Summarizing what the indicators are suggesting.
Neutral
Neutral
Neutral
An aggregate view of professional's ratings.
Neutral
Neutral
Neutral
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
Today, 1320 trades at 47.78 SAR.
For broader market analysis, dive into the technicals on the Saudi Steel Pipe Co. stock price chart and read the latest 1320 news:
– Saudi Steel Pipe Announces Contract Sign Off With Saudi Aramco
– Saudi Steel Pipes Q2 Net Profit SAR 30 Million
– Saudi Steel Pipe FY Dividend Per Share SAR 0.75
For broader market analysis, dive into the technicals on the Saudi Steel Pipe Co. stock price chart and read the latest 1320 news:
– Saudi Steel Pipe Announces Contract Sign Off With Saudi Aramco
– Saudi Steel Pipes Q2 Net Profit SAR 30 Million
– Saudi Steel Pipe FY Dividend Per Share SAR 0.75
Markets don't sleep, here's what's going on with 1320 at the moment:
– Saudi Steel Pipe Announces Contract Sign Off With Saudi Aramco
– Saudi Steel Pipes Q2 Net Profit SAR 30 Million
– Saudi Steel Pipe FY Dividend Per Share SAR 0.75
See more updates in real-time with our News Flow.
– Saudi Steel Pipe Announces Contract Sign Off With Saudi Aramco
– Saudi Steel Pipes Q2 Net Profit SAR 30 Million
– Saudi Steel Pipe FY Dividend Per Share SAR 0.75
See more updates in real-time with our News Flow.
Saudi Steel Pipe Co. is scheduled to release its next earnings report on Feb 25, 2027.
Why it matters:
– Key event: Earnings often drive significant price moves
– Market expectations: Traders watch revenue, EPS, and guidance vs forecasts
– Volatility spike: Price swings can increase before and after the release
How to use it:
– Track upcoming reports in the Earnings Calendar
– Compare actual results with analyst estimates
– Monitor price reaction and volume on Supercharts
Why it matters:
– Key event: Earnings often drive significant price moves
– Market expectations: Traders watch revenue, EPS, and guidance vs forecasts
– Volatility spike: Price swings can increase before and after the release
How to use it:
– Track upcoming reports in the Earnings Calendar
– Compare actual results with analyst estimates
– Monitor price reaction and volume on Supercharts
1320 stock is 5.00% volatile and has beta coefficient of 1.79.
What it means:
– Volatility: Shows how much the price fluctuates over time
– Beta > 1: More volatile than the market
– Beta < 1: Less volatile, more stable
Important to know:
– Volatility can increase during earnings, news events, or market stress
– Large-cap stocks like 1320 are typically less volatile than smaller companies
Track every detail on Saudi Steel Pipe Co. stock chart and check out the list of the most volatile stocks — is Saudi Steel Pipe Co. there?
What it means:
– Volatility: Shows how much the price fluctuates over time
– Beta > 1: More volatile than the market
– Beta < 1: Less volatile, more stable
Important to know:
– Volatility can increase during earnings, news events, or market stress
– Large-cap stocks like 1320 are typically less volatile than smaller companies
Track every detail on Saudi Steel Pipe Co. stock chart and check out the list of the most volatile stocks — is Saudi Steel Pipe Co. there?
To understand the 1320 stock performance, it's worth checking price changes for various periods to get the full picture:
– 1 day — +2.97%
– 1 week — −4.82%
– 1 month — −12.25%
1320 all-time low was 12.06 SAR (Oct 3, 2016), and its highest price is 94.00 SAR (Mar 18, 2024). Find more dynamics in the Stock Heatmap and on the Saudi Steel Pipe Co. stock chart.
– 1 day — +2.97%
– 1 week — −4.82%
– 1 month — −12.25%
1320 all-time low was 12.06 SAR (Oct 3, 2016), and its highest price is 94.00 SAR (Mar 18, 2024). Find more dynamics in the Stock Heatmap and on the Saudi Steel Pipe Co. stock chart.
Saudi Steel Pipe Co. market capitalization is 2.35 B, representing the total value of all its outstanding shares (price × shares outstanding).
What it means:
– Market cap is one of the key ways to classify companies (large-cap, mid-cap, etc.)
– It reflects how investors value the company today
– It changes constantly with stock price movements
What to look at next:
– Market cap trends: Rising cap may signal growth and investor confidence; falling cap can reflect risk or downturns
– Price vs shares: Changes can come from Saudi Steel Pipe Co. stock price moves or share count (buybacks, issuance)
– Valuation ratios: Compare market cap with revenue and earnings
– Peer comparison: See how Saudi Steel Pipe Co. stacks up against other companies
What it means:
– Market cap is one of the key ways to classify companies (large-cap, mid-cap, etc.)
– It reflects how investors value the company today
– It changes constantly with stock price movements
What to look at next:
– Market cap trends: Rising cap may signal growth and investor confidence; falling cap can reflect risk or downturns
– Price vs shares: Changes can come from Saudi Steel Pipe Co. stock price moves or share count (buybacks, issuance)
– Valuation ratios: Compare market cap with revenue and earnings
– Peer comparison: See how Saudi Steel Pipe Co. stacks up against other companies
The safest way to buy Saudi Steel Pipe Co. stocks is through a reliable broker. Create an account, fund it, and place a buy order.
You can trade 1320 directly from TradingView:
– Choose a broker: Explore our supported trading partners and pick one that fits your needs
– Compare options: View available brokers side by side to evaluate fees and features
– Connect your account: Open Supercharts, click “Trade”, select your broker, and log in
– Start trading: Place orders without leaving the chart
Tip: If you’re new to trading, try paper trading first — it lets you practice strategies in real market conditions without risking funds.
You can trade 1320 directly from TradingView:
– Choose a broker: Explore our supported trading partners and pick one that fits your needs
– Compare options: View available brokers side by side to evaluate fees and features
– Connect your account: Open Supercharts, click “Trade”, select your broker, and log in
– Start trading: Place orders without leaving the chart
Tip: If you’re new to trading, try paper trading first — it lets you practice strategies in real market conditions without risking funds.
Saudi Steel Pipe Co. pays dividends, but whether it is a “good” dividend stock depends on its yield and stability rather than dividends alone.
Its recent dividend yield was around 2.02%, with a payout ratio of 19.79%, compared to 1.54% and 27.98% in the previous period.
What to look at when looking for good dividend stocks:
– Dividend yield: Income potential relative to price
– Payout ratio: Sustainability of dividend payments
– Dividend history: Consistency and growth over time
– Earnings strength: Dividends are more reliable when supported by stable profits
– Total return: Combines dividends with stock price performance
Explore all this in Saudi Steel Pipe Co. financials.
Its recent dividend yield was around 2.02%, with a payout ratio of 19.79%, compared to 1.54% and 27.98% in the previous period.
What to look at when looking for good dividend stocks:
– Dividend yield: Income potential relative to price
– Payout ratio: Sustainability of dividend payments
– Dividend history: Consistency and growth over time
– Earnings strength: Dividends are more reliable when supported by stable profits
– Total return: Combines dividends with stock price performance
Explore all this in Saudi Steel Pipe Co. financials.
Investing in Saudi Steel Pipe Co. depends on your goals, risk tolerance, and market conditions. It’s essential to analyze the stock before making a decision.
First, study Saudi Steel Pipe Co. financials and track their dynamics on the Fundamental Graphs:
– Business fundamentals: Revenue, earnings, and growth trends
– Valuation: P/E ratio, market cap, and how it compares to peers
– Profitability: Margins, return on equity, and cash flow
– Dividends (if any): Yield, payout ratio, and consistency
Then explore our 1320 technicals – signals based on essential indicators calculations:
– Today — sell
– 1-week — sell
– 1-month — sell
Combine fundamental and technical analysis for better results.
First, study Saudi Steel Pipe Co. financials and track their dynamics on the Fundamental Graphs:
– Business fundamentals: Revenue, earnings, and growth trends
– Valuation: P/E ratio, market cap, and how it compares to peers
– Profitability: Margins, return on equity, and cash flow
– Dividends (if any): Yield, payout ratio, and consistency
Then explore our 1320 technicals – signals based on essential indicators calculations:
– Today — sell
– 1-week — sell
– 1-month — sell
Combine fundamental and technical analysis for better results.
Saudi Steel Pipe Co. stock ticker depends on the exchange where it’s listed. On the TADAWUL, its primary exchange, Saudi Steel Pipe Co. stocks trade under the symbol 1320.
About tickers:
– Unique identifiers: A ticker is a short code used to find and trade a stock
– Exchange-specific: The same company may have different tickers across exchanges
– Search shortcut: Used on trading platforms, charts, and screeners
Remember:
– Some companies have multiple listings
– Always check the exchange prefix to avoid confusion
Learn how to find your desired assets in our Symbol Search.
About tickers:
– Unique identifiers: A ticker is a short code used to find and trade a stock
– Exchange-specific: The same company may have different tickers across exchanges
– Search shortcut: Used on trading platforms, charts, and screeners
Remember:
– Some companies have multiple listings
– Always check the exchange prefix to avoid confusion
Learn how to find your desired assets in our Symbol Search.
Yes, you can track Saudi Steel Pipe Co. financials in yearly and quarterly reports right on TradingView.
Use our Earnings Calendar to never miss important releases and spot opportunities early.
Use our Earnings Calendar to never miss important releases and spot opportunities early.
1320 net income for the last quarter is 29.85 M SAR, while the quarter before that showed 52.35 M SAR of net income which accounts for −42.98% change.
How to read this data:
– Track changes: Compare net income across quarters to spot trends
– Watch expectations: Compare with estimates to gauge performance
– Check margins: Net income reflects profitability after all expenses
– Look beyond one quarter: Consistency matters more than a single result
Follow other essential metrics in Saudi Steel Pipe Co. financials:
– Revenue: Overall business growth
– Earnings per share: Rising EPS over time often points to improving business performance
– Margins (gross, operating): Efficiency and cost control
How to read this data:
– Track changes: Compare net income across quarters to spot trends
– Watch expectations: Compare with estimates to gauge performance
– Check margins: Net income reflects profitability after all expenses
– Look beyond one quarter: Consistency matters more than a single result
Follow other essential metrics in Saudi Steel Pipe Co. financials:
– Revenue: Overall business growth
– Earnings per share: Rising EPS over time often points to improving business performance
– Margins (gross, operating): Efficiency and cost control
Saudi Steel Pipe Co. does pay dividends, which are distributed annually. The most recent dividend per share was 0.75 SAR, with a trailing twelve-month (TTM) dividend yield of 1.62%.
Explore more details on Saudi Steel Pipe Co. dividends, look at:
– Dividend history: Check whether payouts are growing, stable, or declining
– Payout ratio: How much of earnings are paid out as dividends
– Total return: Combine price growth + dividends for full performance view
Explore more details on Saudi Steel Pipe Co. dividends, look at:
– Dividend history: Check whether payouts are growing, stable, or declining
– Payout ratio: How much of earnings are paid out as dividends
– Total return: Combine price growth + dividends for full performance view
1320 reached its all-time high of 94.00 SAR on Mar 18, 2024. Its all-time low was 12.06 SAR and was reached on Oct 3, 2016.
Explore the Saudi Steel Pipe Co. stock price chart to see more price history, and discover companies reaching new all-time highs and lows.
Explore the Saudi Steel Pipe Co. stock price chart to see more price history, and discover companies reaching new all-time highs and lows.
Saudi Steel Pipe Co. EBITDA is 333.94 M SAR, with an EBITDA margin of 23.11%.
EBITDA is a measure of core operating performance, showing how much profit the company generates from its main business activities before accounting for financing and accounting-related costs.
What it means:
– Operating strength: Helps assess profitability from core operations
– Efficiency signal: Rising EBITDA often reflects improving business performance
– Comparability: Useful for comparing companies with different capital structures
What to look at next in Saudi Steel Pipe Co. statements:
– Revenue growth: Shows whether the business is expanding
– Net income: Captures full profitability after all expenses
– Free cash flow: Shows actual cash generated
– Debt levels: Important when evaluating earnings quality
EBITDA is a measure of core operating performance, showing how much profit the company generates from its main business activities before accounting for financing and accounting-related costs.
What it means:
– Operating strength: Helps assess profitability from core operations
– Efficiency signal: Rising EBITDA often reflects improving business performance
– Comparability: Useful for comparing companies with different capital structures
What to look at next in Saudi Steel Pipe Co. statements:
– Revenue growth: Shows whether the business is expanding
– Net income: Captures full profitability after all expenses
– Free cash flow: Shows actual cash generated
– Debt levels: Important when evaluating earnings quality
Analyst forecasts suggest a price range between 56.10 SAR and 56.10 SAR for 1320, based on current estimates.
Remember:
– Forecasts show possible scenarios, not guaranteed outcomes
– They're based on multiple analysts’ models and assumptions
– Target prices change with earnings, news, and market conditions
Don't rely on analysts' opinions alone:
– Use technical analysis: Trend, support/resistance, momentum
– Study fundamentals: Revenue, earnings, margins
– Account for market context: News, macro trends, sector performance
Remember:
– Forecasts show possible scenarios, not guaranteed outcomes
– They're based on multiple analysts’ models and assumptions
– Target prices change with earnings, news, and market conditions
Don't rely on analysts' opinions alone:
– Use technical analysis: Trend, support/resistance, momentum
– Study fundamentals: Revenue, earnings, margins
– Account for market context: News, macro trends, sector performance









