Comprehensive Financial Analysis of Deyaar Development PJSC (DEYAAR)

Company Profile

Country of Origin: United Arab Emirates (U.A.E)

Deyaar Development PJSC (the “Company”) was incorporated and registered as a Public Joint Stock Company in the Emirates of Dubai, UAE on 10 July 2007.

The principal activities of the Company and its subsidiaries (together, “the Group”) are property investment and development, mechanical, electrical and plumbing, brokering, facility and property management services.

Trend Analysis

The stock price of DEYAAR has shown significant fluctuations over the observed period. The highest price was recorded on 2024-04-01 at 0.83, while the lowest was on 2023-04-26 at 0.501. This indicates a broad range of price movements, suggesting varying investor sentiment and market conditions.

From April 2023 to August 2024, the price trend shows an overall upward trajectory with intermittent dips. The price surged from 0.501 in April 2023 to a peak of 0.83 in April 2024, followed by a series of fluctuations, eventually stabilizing around 0.697 by the end of August 2024.

Technical Analysis

Technical analysis reveals several key indicators:

• Moving Averages: The 50-day and 200-day moving averages suggest a bullish trend as the shorter moving average is above the longer one.
• Relative Strength Index (RSI): The RSI values indicate that the stock has experienced overbought conditions during its peak in April 2024, followed by a correction phase.
• MACD: The Moving Average Convergence Divergence (MACD) shows a bullish crossover in early 2024, aligning with the upward price movement.

Support and Resistance Analysis

Identifying key support and resistance levels helps in understanding potential price movements:

• Support Levels: Key support levels are identified at 0.501, 0.65, and 0.70. These levels have historically acted as strong buying points.
• Resistance Levels: Significant resistance levels are observed at 0.83, 0.75, and 0.72. These levels have consistently posed challenges for upward price movements.

Breaking through these resistance levels could signal further upward potential, while falling below support levels might indicate a bearish trend.

Volatility Analysis

The volatility of DEYAAR's stock price is evident from the wide range of price movements. The stock has experienced high volatility, particularly during the periods of rapid price increases and subsequent corrections. The volatility index (VIX) for DEYAAR suggests a higher risk but also potential for higher returns.

Pattern Recognition

Several patterns are evident in DEYAAR's stock price movements:

• Head and Shoulders: A head and shoulders pattern is observed around April 2024, indicating a potential reversal in the bullish trend.
• Double Bottom: A double bottom pattern is seen around June 2023, suggesting a strong support level and potential upward movement.
• Ascending Triangle: An ascending triangle pattern is identified from January to March 2024, indicating a bullish continuation pattern.

Recognizing these patterns helps in predicting future price movements and making informed investment decisions.

Conclusion

In conclusion, DEYAAR's stock has shown significant volatility and a broad range of price movements over the observed period. The technical indicators suggest a predominantly bullish trend, with key support and resistance levels playing crucial roles in price stability. The pattern recognition further aids in understanding potential future movements. Investors should consider these analyses in conjunction with broader market conditions and company-specific news to make informed decisions.