ALPHA DATA PJSC
Long

Overview: Alpha Data PJSC (ALPHADATA, ADX)

89
Sector: IT & Digital Solutions | Location: UAE

🔹 New to the stock market — but not to the business

ALPHADATA is one of the largest IT companies in the UAE. It went public very recently — in May 2025 — but has been operating for over 40 years (founded in 1981). The company provides solutions in digital transformation, cloud computing, cybersecurity, and IT services.

What makes it especially attractive is its client base, which includes some of the UAE’s most prominent organizations:
ADNOC , TAQA, EAND , Emirates, Etihad, DP World, Dubai Police, FAB
• These names represent the core of the UAE’s economy and government sector — large, reliable, and financially stable partners.

The digital and cybersecurity sector continues to grow rapidly, particularly in GCC countries where government-led digital transformation is accelerating. This makes Alpha Data’s business both relevant and resilient in today’s geopolitical and technological climate.

📉 Technical analysis: is the entry point near?

The chart shows that after the IPO, the price reached the 1.90–1.95 AED zone before undergoing a correction.
Currently, the price is holding around 1.78–1.80 AED, with the main volume area (POC) located at 1.61 AED — a strong support level.

Indicators suggest:
• RSI and Stoch RSI are in the oversold zone — signaling a potential reversal.
• The Volume Profile confirms that the price is still above key volume areas.

🟩 Bullish scenario:
• Holding above 1.70–1.75 AED → bounce toward the 1.90–1.95 zone is possible.
• A breakout above this range could open the way toward 2.00+.

🟥 Bearish scenario:
• A breakdown below 1.70 AED could lead to a retest of 1.61 AED, which may offer another long opportunity.

✳️ Why I’m interested in this stock:
• ✅ Recent IPO — the market is still forming its long-term view.
• ✅ Strong sector (IT, cybersecurity, digital transformation).
• ✅ Top-tier clients — from ADNOC to Etisalat.
• ✅ Rare dividend story: the company has already announced plans to pay dividends twice a year,
with an expected yield of 8–9% (based on the IPO price). Of course, the amount depends on profitability,
but the fact itself is unusual for a tech company in this region.

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