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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 2021-05-06 View latest technical analysis

10 day averaged volume of Ritco is 31520

Date Daily Closing Price Open High Low Volume
06 Thu May 2021 24.20 24.20 24.20 24.20 0.102 times
05 Wed May 2021 25.45 26.65 26.65 25.45 0.203 times
04 Tue May 2021 26.65 25.40 26.65 25.40 1.015 times
03 Mon May 2021 25.40 25.40 25.40 25.25 0.457 times
30 Fri Apr 2021 24.20 22.35 24.20 22.35 2.437 times
29 Thu Apr 2021 22.00 19.15 22.00 19.15 2.893 times
28 Wed Apr 2021 20.00 18.20 20.00 18.20 1.015 times
26 Mon Apr 2021 18.20 18.20 18.20 18.20 0.051 times
23 Fri Apr 2021 19.00 19.05 19.05 19.00 0.152 times
22 Thu Apr 2021 19.00 18.95 19.00 18.90 0.254 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 23.2, but if it comes below 23.2, then a intra day sell could be more profitable.
If you take a sell trade below 23.2, then use 23.2 as stoploss and 19.56 as target. However if you take a buy trade in stock , then use 23.2 as stoploss and 27.5 as target.

Share price targets for Ritco (Ritco)

Target Type Value
Downside Target 15.00
Downside Target 15.50
Downside Target 15.90
Downside Target 16.45
Downside Target 17.65
Downside Target 18.20
Downside Target 18.85
Downside Target 19.80
Downside Target 20.30
Downside Target 24.20
Upside Target 26.65

Intraday share price targets for Ritco (Ritco)

Target Type Value
Downside Intraday Target 23.38
Downside Intraday Target 22.57
Upside Intraday Target 25.83
Upside Intraday Target 27.47
Upside Intraday Target 25.02

Weekly technical analysis of Ritco (Ritco)

Date Weekly Closing Price Open High Low Volume
06 Thu May 2021 24.20 25.40 26.65 24.20 0.278 times
30 Fri Apr 2021 24.20 18.20 24.20 18.20 1.68 times
23 Fri Apr 2021 19.00 17.00 19.05 17.00 3.75 times
16 Fri Apr 2021 15.70 15.85 16.80 15.50 1.176 times
09 Fri Apr 2021 15.85 17.65 17.65 15.00 1.417 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
06 Thu May 2021 24.20 25.40 26.65 24.20 0.146 times
30 Fri Apr 2021 24.20 16.90 24.20 15.00 2.376 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

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 58, 21, 47 Buy
MACD 3, 2Buy
Stochastics 86Buy
CCI 47Sell
RSI 64Buy
OBV 318400Sell
VWAP 23Buy
ADL 0Sell
ROC 28Buy
Force Index 0Sell

Price action analysis of Ritco ( (Ritco) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Ritco ( (Ritco) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Ritco ( (Ritco) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Ritco ( (Ritco) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Ritco stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Ritco in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Ritco Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 but SELL signal is weak.

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 23.06 and Ritco (Ritco) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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

Ritco Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

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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