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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 2021-07-28 View latest technical analysis

10 day averaged volume of Ritco is 24000

Date Daily Closing Price Open High Low Volume
28 Wed Jul 2021 32.25 31.90 32.30 31.90 0.333 times
27 Tue Jul 2021 30.80 29.10 31.25 29.10 0.933 times
26 Mon Jul 2021 29.80 30.95 30.95 29.00 0.533 times
23 Fri Jul 2021 29.75 31.10 31.10 29.75 0.533 times
22 Thu Jul 2021 29.65 29.65 29.65 29.40 3.8 times
20 Tue Jul 2021 28.25 29.10 29.10 28.25 0.533 times
19 Mon Jul 2021 29.60 31.05 31.05 29.60 0.8 times
16 Fri Jul 2021 31.00 30.50 31.55 30.50 0.733 times
15 Thu Jul 2021 30.05 30.20 30.50 30.00 0.467 times
14 Wed Jul 2021 31.20 31.75 31.75 31.20 0.6 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 31.3, but if it comes below 31.3, then a intra day sell could be more profitable.
If you take a sell trade below 31.3, then use 31.3 as stoploss and 28.45 as target. However if you take a buy trade in stock , then use 31.3 as stoploss and 34.7 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 28.25
Downside Target 29.00
Downside Target 29.65
Downside Target 31.10
Downside Target 31.40
Downside Target 31.90
Upside Target 32.30

Intraday share price targets for Ritco (Ritco)

Target Type Value
Downside Intraday Target 30.07
Downside Intraday Target 27.88
Upside Intraday Target 33.37
Upside Intraday Target 34.48
Downside Intraday Target 31.18

Weekly technical analysis of Ritco (Ritco)

Date Weekly Closing Price Open High Low Volume
28 Wed Jul 2021 32.25 30.95 32.30 29.00 0.318 times
23 Fri Jul 2021 29.75 31.05 31.10 28.25 1.214 times
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

Price has moved up 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
28 Wed Jul 2021 32.25 23.95 32.30 23.95 1.436 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 38, 21, 29 Buy
MACD 3, 3Buy
Stochastics 70Buy
CCI 169Buy
RSI 52Buy
OBV 252800Sell
VWAP 30Buy
ADL 0Sell
ROC 2Buy
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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 stronger in this stock.

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 and the buying is gaining 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 30.02 and Ritco (Ritco) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 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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