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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 2022-05-13 View latest technical analysis

10 day averaged volume of Ritco is 50158

Date Daily Closing Price Open High Low Volume
13 Fri May 2022 123.60 112.00 123.60 112.00 0.178 times
12 Thu May 2022 117.75 118.10 123.00 117.70 0.672 times
11 Wed May 2022 123.85 127.55 136.00 123.80 0.912 times
10 Tue May 2022 130.30 136.10 136.10 130.30 0.115 times
09 Mon May 2022 137.15 132.05 138.00 129.40 0.15 times
06 Fri May 2022 135.50 132.50 146.40 132.50 1.72 times
05 Thu May 2022 139.45 139.45 144.45 139.45 0.323 times
04 Wed May 2022 146.75 154.45 157.80 146.75 0.776 times
02 Mon May 2022 154.45 145.00 155.30 144.25 1.497 times
29 Fri Apr 2022 147.95 146.95 148.65 136.00 2.758 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 124.4, but if it comes above 124.4, then a intra day buy could be more profitable.
If you take a sell trade below 124.4, then use 124.4 as stoploss and 113.6 as target. However if you take a buy trade in stock , then use 124.4 as stoploss and 133.42 as target.

Share price targets for Ritco (Ritco)

Target Type Value
Downside Target 47.35
Downside Target 63.50
Downside Target 65.10
Downside Target 69.15
Downside Target 72.00
Downside Target 74.10
Downside Target 112.00
Downside Target 118.45
Upside Target 124.65
Upside Target 132.50
Upside Target 138.00
Upside Target 142.40
Upside Target 148.65
Upside Target 157.80

Intraday share price targets for Ritco (Ritco)

Target Type Value
Downside Intraday Target 111.07
Downside Intraday Target 98.53
Upside Intraday Target 137.07
Upside Intraday Target 150.53
Upside Intraday Target 124.53

Weekly technical analysis of Ritco (Ritco)

Date Weekly Closing Price Open High Low Volume
13 Fri May 2022 123.60 132.05 138.00 112.00 0.47 times
06 Fri May 2022 135.50 145.00 157.80 132.50 0.72 times
29 Fri Apr 2022 147.95 132.00 148.65 119.70 0.384 times
22 Fri Apr 2022 132.60 130.85 142.40 118.45 13.958 times
13 Wed Apr 2022 124.65 113.10 124.65 113.10 0.119 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
13 Fri May 2022 123.60 145.00 157.80 112.00 0.181 times
29 Fri Apr 2022 147.95 70.00 148.65 69.15 7.127 times
31 Thu Mar 2022 70.00 66.15 72.00 65.10 0.639 times
28 Mon Feb 2022 69.00 72.10 74.10 63.50 0.237 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 19, 34, 28 Sell
MACD 17, 22Sell
Stochastics 9Sell
CCI -119Buy
RSI 52Buy
OBV 743281Sell
VWAP 141Sell
ADL 0Sell
ROC -13Sell
Force Index 0Sell

Price action analysis of Ritco ( (Ritco) ) based on a short 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 short 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 short to mid 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Ritco in short term but the sell signal is initial and weak.

Ritco Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 moving up

CCI has generated a buy signal for Ritco in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 140.74 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 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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