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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 2021-07-16 View latest technical analysis

10 day averaged volume of Ritco is 18240

Date Daily Closing Price Open High Low Volume
16 Fri Jul 2021 31.00 30.50 31.55 30.50 0.965 times
15 Thu Jul 2021 30.05 30.20 30.50 30.00 0.614 times
14 Wed Jul 2021 31.20 31.75 31.75 31.20 0.789 times
13 Tue Jul 2021 31.75 31.90 31.90 29.50 1.404 times
12 Mon Jul 2021 30.70 30.70 30.70 30.70 2.368 times
09 Fri Jul 2021 29.25 29.25 29.25 29.00 3.07 times
08 Thu Jul 2021 27.90 27.90 27.90 27.90 0.175 times
06 Tue Jul 2021 26.60 26.60 26.60 26.60 0.439 times
05 Mon Jul 2021 25.35 25.35 25.35 25.35 0.351 times
01 Thu Jul 2021 24.15 23.95 24.15 23.95 0.526 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 29.4, but if it comes below 29.4, then a intra day sell could be more profitable.
If you take a sell trade below 29.4, then use 29.4 as stoploss and 26.34 as target. However if you take a buy trade in stock , then use 29.4 as stoploss and 33.1 as target.

Share price targets for Ritco (Ritco)

Target Type Value
Downside Target 15.00
Downside Target 16.45
Downside Target 19.80
Downside Target 22.85
Downside Target 23.95
Downside Target 25.35
Downside Target 25.90
Downside Target 26.60
Downside Target 29.25
Downside Target 29.50
Downside Target 29.65
Upside Target 31.40
Upside Target 31.90

Intraday share price targets for Ritco (Ritco)

Target Type Value
Downside Intraday Target 29.7
Downside Intraday Target 28.4
Upside Intraday Target 32.1
Upside Intraday Target 33.2
Downside Intraday Target 30.8

Weekly technical analysis of Ritco (Ritco)

Date Weekly Closing Price Open High Low Volume
16 Fri Jul 2021 31.00 30.70 31.90 29.50 1.522 times
09 Fri Jul 2021 29.25 25.35 29.25 25.35 3.833 times
01 Thu Jul 2021 24.15 24.00 24.30 23.00 0.6 times
25 Fri Jun 2021 23.95 24.30 25.90 22.85 0.29 times
18 Fri Jun 2021 23.25 26.60 26.60 22.85 4.313 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Ritco (Ritco)

Date Monthly Closing Price Open High Low Volume
16 Fri Jul 2021 31.00 23.95 31.90 23.95 0.748 times
30 Wed Jun 2021 23.00 30.20 31.40 22.85 1.417 times
31 Mon May 2021 29.65 25.40 29.65 19.80 0.479 times
30 Fri Apr 2021 24.20 16.90 24.20 15.00 2.376 times

Scroll below to view daily charts

Price has moved up 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 45, 19, 41 Buy
MACD 3, 2Buy
Stochastics 87Buy
CCI 69Buy
RSI 57Buy
OBV 36800Sell
VWAP 30Buy
ADL 0Sell
ROC 35Buy
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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 gaining 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 moving up

CCI has generated a buy signal for Ritco in short term and BUY 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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 29.74 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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Daily chart

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