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(Ritco) Ritco complete technical analysis [charts+indicators] | Buy/Sell Ritco | (Ritco) share price targets

Complete technical analysis of Ritco (Ritco) by charts plus indicators, forecast predictions and share price targets for Ritco (Ritco)

Showing technical analysis as on 2021-04-08 View latest technical analysis

10 day averaged volume of Ritco is 9120

Date Daily Closing Price Open High Low Volume
08 Thu Apr 2021 16.50 17.05 17.05 16.30 0.702 times
07 Wed Apr 2021 17.00 17.00 17.00 17.00 0.175 times
06 Tue Apr 2021 17.65 17.65 17.65 17.65 0.175 times
01 Thu Apr 2021 16.90 16.90 16.90 16.90 0.351 times
31 Wed Mar 2021 16.85 17.75 17.75 16.85 1.228 times
30 Tue Mar 2021 17.05 16.45 17.05 16.45 0.526 times
26 Fri Mar 2021 17.15 16.95 17.30 16.95 0.702 times
25 Thu Mar 2021 16.50 16.65 17.00 16.50 1.93 times
24 Wed Mar 2021 17.00 17.20 17.80 17.00 1.228 times
23 Tue Mar 2021 17.00 16.90 17.00 16.90 0.351 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 16.7, but if it comes above 16.7, then a intra day buy could be more profitable.
If you take a sell trade below 16.7, then use 16.7 as stoploss and 15.7 as target. However if you take a buy trade in stock , then use 16.7 as stoploss and 17.58 as target.

Share price targets for Ritco (Ritco)

Target Type Value
Downside Target 15.90
Downside Target 16.30
Upside Target 17.45
Upside Target 17.80
Upside Target 18.20
Upside Target 18.85
Upside Target 19.00
Upside Target 19.80
Upside Target 20.30
Upside Target 22.11

Intraday share price targets for Ritco (Ritco)

Target Type Value
Downside Intraday Target 15.98
Downside Intraday Target 15.47
Upside Intraday Target 17.33
Upside Intraday Target 18.17
Upside Intraday Target 16.82

Weekly technical analysis of Ritco (Ritco)

Date Weekly Closing Price Open High Low Volume
08 Thu Apr 2021 16.50 17.65 17.65 16.30 0.5 times
01 Thu Apr 2021 16.90 16.45 17.75 16.45 0.279 times
26 Fri Mar 2021 17.15 17.40 17.80 16.50 2.048 times
19 Fri Mar 2021 17.70 17.50 19.00 17.00 3 times
10 Wed Mar 2021 18.20 18.85 19.00 18.20 0.35 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Ritco (Ritco)

Date Monthly Closing Price Open High Low Volume
08 Thu Apr 2021 16.50 16.90 17.65 16.30 0.079 times
31 Wed Mar 2021 16.85 17.50 19.80 16.45 0.598 times
26 Fri Feb 2021 17.20 17.70 18.85 15.90 1.07 times
29 Fri Jan 2021 17.60 19.00 20.30 16.75 0.498 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Ritco (Ritco)

Indicator Name Indicator Value Indicator Signal
ADX 35, 42, 8 Sell
MACD -1, -0Sell
Stochastics 48None
CCI -120Sell
RSI 54Buy
OBV -86400Sell
VWAP 17Sell
ADL 0Sell
ROC -2Sell
Force Index 0Sell

Price action analysis of Ritco ( (Ritco) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Ritco ( (Ritco) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Ritco ( (Ritco) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Ritco ( (Ritco) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Ritco stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Ritco in short term and the sell signal is strong.

Ritco Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Ritco in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Ritco is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 16.83 and Ritco (Ritco) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Ritco (Ritco) stock. Volume based technical analysis of Ritco (Ritco) stock is negative.

Ritco Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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Daily charts

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Daily chart

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