Salik Stock Performance Update

Current Price: AED 5.02
Daily Change: Decrease of AED 0.08 (-1.57%)

52-Week Range:
Low: AED 3.14
High: AED 5.89

Since its IPO in September 2022 at AED 2 per share, Salik has shown impressive growth of approximately 151% to date.

Performance vs. DFMGI (Dubai Financial Market General Index)
Salik has significantly outperformed the Dubai Financial Market Index.

Salik stock: +151% since IPO

DFMGI: Moderate growth over the same period

Technical Analysis

• (Relative Strength Index): 51.9 → Neutral (no overbought or oversold signals)
  
• MACD (Moving Average Convergence Divergence): 0 → Momentum is balanced
  
• ADX (Average Directional Index): 27.1 → Indicates a weak trend
  

Moving Averages:

• 5-day MA: AED 5.09 → Buy signal
  
• 10-day MA: AED 5.06 → Buy signal
  
• 50-day MA: AED 5.10 → Sell signal
  

These indicators suggest the stock is in a sideways trend, with no clear upward or downward direction.

Support & Resistance Levels

• Support: AED 5.02
  
• Resistance: AED 5.18
  

A breakout above the resistance level could signal further gains, while a break below support might indicate potential downside.