This article presents a financial analysis of Al Salam Sudan, a public company that provides commercial banking services according to Islamic rules and principles. The analysis includes a trend analysis, a technical analysis, support and resistance analysis, volatility analysis, and pattern recognition.
Summary
The stock price of Al Salam Sudan was highest on 2024-01-09 at 1.0 and lowest on 2024-02-21 at 0.881. The stock showed a general downward trend over the period analyzed, with some periods of stability. The technical analysis indicates that the stock is currently in a downtrend, with strong resistance at 1.0 and support at 0.881. The volatility analysis reveals that the stock's price has been relatively stable, with minor fluctuations. The pattern recognition analysis does not show any significant patterns.
Al Salam Sudan (ALSALAMSUDAN) is a public company established in Khartoum on December 28, 2004. The company provides commercial banking services according to Islamic rules and principles. This article presents a financial analysis of the company's stock.
Trend Analysis: The stock price of Al Salam Sudan was highest on 2024-01-09 at 1.0 and lowest on 2024-02-21 at 0.881. The stock showed a general downward trend over the period analyzed, with some periods of stability. The downward trend indicates that the stock's price has been decreasing over time.
Technical Analysis: The technical analysis indicates that the stock is currently in a downtrend. The stock has strong resistance at 1.0 and support at 0.881. The resistance level is the price level which the stock has been unable to surpass over the period analyzed. The support level is the price level at which the stock has been able to maintain its price above.
Volatility Analysis: The volatility analysis reveals that the stock's price has been relatively stable, with minor fluctuations. This indicates that the stock has low volatility and is less likely to experience significant price changes.
Pattern Recognition: The pattern recognition analysis does not show any significant patterns. This means that the stock's price does not follow a predictable pattern and is likely influenced by factors other than historical price movements.
In conclusion, the stock of Al Salam Sudan has been in a general downtrend with low volatility. The stock has strong resistance at 1.0 and support at 0.881. The lack of significant patterns in the stock's price movements suggests that the stock's price is likely influenced by factors other than historical price movements.
