Artex Industrial Investment Company

2340.SR · Consumer Cyclical · · SAR

11.12 SAR

0.00 (-0.71%)

● Updated 2026-09-07 20:30 Saudi Time ↻ Refresh

Short-term Mid-term Long-term

Fahodi Score HOLD Mid-term (Position)

/ 100

Technical 50

Trend & RS 50

Momentum 58

Fundamental 44

Macro 59

Liquidity 22

Component	Score	Weight
Technical	50.0	20%
Trend & RS	50.1	30%
Momentum	58.2	15%
Fundamental	44.4	10%
Macro	59.4	20%
Liquidity	22.1	5%

Trade Setup

Entry	11.12
Stop Loss	10.54 (5.2%)
Target 1 (1:1)	11.70 (+5.2%)
Target 2 (2:1)	12.28 (+10.4%)

ATR(14)	0.29 (2.6%)
Risk per Share	0.58
Reward:Risk	2:1

ATR-based levels. Adjust for support/resistance zones.

Factor Profile

Factor	Score	Z
Value	50.0	+0.00
Momentum	58.2	+0.33
Quality	31.7	-0.73
Composite	46.7

Quality Scores

Piotroski F-Score 4 /9 — Average

✓ ✓ ✗ ✗ ✓ ✓ ✗ ✗ ✗

1. Positive Net Income 2. Positive Roa 3. Positive Cfo 4. Quality Earnings 5. Lower Leverage 6. Higher Liquidity 7. No Dilution 8. Higher Gross Margin 9. Higher Asset Turnover

Altman Z-Score Insufficient Data

Valuation vs Peers Fair Value

Metric	Stock	Sector	vs Peers
P/E Ratio	48.4	18.0	+169% above
P/B Ratio	0.8	2.5	Below

Comparing against Consumer Cyclical median multiples.

Intrinsic Value (DCF) Significantly Overvalued

Intrinsic Value

1.94

Market Price

11.12

Upside

-82.5%

Margin of Safety	-471.8%
Stage 1 PV (5yr FCF)	56,957,285
Terminal Value PV	101,053,689
Total Enterprise Value	158,010,974

Assumptions

Base FCF	14,949,999
Growth Rate (5yr)	2.0%
Terminal Growth	2.5%
Discount Rate (WACC)	12.0%

2-stage DCF: 5yr projected FCF + Gordon Growth terminal value. Estimates only — adjust growth and WACC for your own assumptions.

Position Sizing — Kelly Criterion

4.5%

Recommended Size

33.37%

Full Kelly

16.69%

Half Kelly

5.0%

Max Cap (Moderate)

Kelly inputs derived from quant score 51/100. Estimated win rate 55%, avg win 8.1%, avg loss 4.0%. Position was capped at the moderate risk maximum. This is analytical output, not a recommendation to trade.

BEAR Regime: BEAR (20% confidence) — position size reduced 10%

Signal Summary BUY

Bullish Signals

Bearish Signals

37.17

RSI(14)

-0.1763

MACD

Relative Strength (RS) WEAK RS

/ 99

RS Rating

O'Neil filter: <80

RS vs TASI	→ FLAT (+2.3% vs TASI 3M)
RS vs Sector	INLINE (Consumer Cyclical)
RS New High	No (24d since high)
Sector Outperformance	-2.0% (3M)

RS Line — stock / TASI (90 bars)

← older newer →

RS vs TASI 50-day SMA of RS

WEAK RS: Underperformer — the stock is lagging the market. Avoid until RS trend reverses upward.

Technical Indicators

Indicator	Value	Signal
Rsi	37.17	NEUTRAL
Macd	-0.1763	BEARISH
Ma Cross	11.93 / 10.9	GOLDEN CROSS
Trend Short		BELOW SMA50
Trend Long		ABOVE SMA200
Bollinger		MIDDLE
Volume	1.11x	NORMAL

Key Levels

Level	Price
52-Week High	14.78
Bollinger Upper	11.71
SMA(200)	10.9
SMA(50)	11.93
SMA(20)	11.37
Current Price	11.12
Bollinger Lower	11.02
52-Week Low	9.01
ATR(14)	0.29

Advanced Technical Analysis

Click to expand

Wyckoff Phase & Volume Spread Analysis

Wyckoff Phase

ACCUMULATION C Confidence

64%

Spring (potential) Volume Dry-Up (Distribution)

Acc: 3.5 | Dist: 2.0 | Markup: 0.0 | Markdown: 0.0

Volume Spread Analysis (last 5 bars)

Date	Signal	Vol	Description
2026-09-01	Normal	0.79x	Normal bar — no special VSA pattern
2026-09-02	No Demand	0.38x	Low volume, narrow spread, weak close — no buying interest
2026-09-03	Normal	0.47x	Normal bar — no special VSA pattern
2026-09-06	Normal	0.47x	Normal bar — no special VSA pattern
2026-09-07	Normal	1.11x	Normal bar — no special VSA pattern

Ichimoku Cloud BEARISH

Line	Value	Status
Tenkan-sen (9)	11.48	Below Kijun
Kijun-sen (26)	12.19	Base line
Senkou A	11.84	Leading span A
Senkou B	12.00	Leading span B
Cloud	11.84 – 12.00	Bearish (Red)
Price vs Cloud	11.12	Below Cloud
Chikou Span	12.65	Bearish
Alignment Score	0/4	BEARISH

TTM Squeeze & Divergences

TTM Squeeze

SQUEEZE ON 2 bars Momentum: BEARISH FADING

BB: 11.02 – 11.71 | KC: 11.02 – 11.71

Divergences (last 60 bars)

Type	Indicator	Bars Ago	Strength
Regular Bearish	RSI	25

Anchored VWAP

VWAP: 11.53 Anchor: 2026-03-01 (52w Low) BELOW AVWAP -3.6%

Heikin-Ashi Trend

BEARISH Full data via /api/advanced/2340.SR

Valuation

Metric	Value
Market Cap	903.50M
P/E (TTM)	48.35
Forward P/E	N/A
P/B	0.84
EPS	0.23

Financial Health

Metric	Value
Revenue Growth	-6.3%
Profit Margin	3.5%
ROE	1.8%
Debt/Equity	24.82
Current Ratio	2.06
Dividend Yield	N/A
Payout Ratio	N/A
Beta	0.48

Trading Data

11.12

Open

11.12

Day High

11.12

Day Low

116.2K

Volume (0.4x avg)

Insider Activity

Insider transaction data is not available for Saudi-listed stocks.

Price Chart (90 Days)

Candlesticks (green=up, red=down) SMA 20 SMA 50 Bollinger Bands (upper/lower) Volume (green=buying, red=selling)