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

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

Showing technical analysis as on 2021-08-18 View latest technical analysis

10 day averaged volume of Rcan is 14400

Date Daily Closing Price Open High Low Volume
18 Wed Aug 2021 20.50 20.50 20.70 20.50 2.083 times
16 Mon Aug 2021 20.50 20.50 20.50 20.50 0.417 times
11 Wed Aug 2021 20.50 21.30 21.30 20.50 0.833 times
05 Thu Aug 2021 21.30 20.50 21.50 20.50 3.333 times
04 Wed Aug 2021 20.50 20.50 20.50 20.50 0.417 times
03 Tue Aug 2021 20.50 20.50 20.50 20.50 0.833 times
30 Fri Jul 2021 22.00 22.00 22.00 22.00 1.25 times
29 Thu Jul 2021 20.30 20.30 20.30 20.30 0.833 times
28 Wed Jul 2021 20.30 20.30 20.30 20.30 0.417 times
26 Mon Jul 2021 21.45 21.45 21.45 21.45 0.417 times

Stock of Rcan (Rcan) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, and stock might move down till 20.1 or till 19.4. Use a stoploss of 20.65 and if the stock hits stoploss, then it can shoot up till 21.23

Share price targets for Rcan (Rcan)

Target Type Value
Downside Target 17.00
Downside Target 18.35
Downside Target 19.00
Downside Target 19.50
Downside Target 20.00
Upside Target 21.00
Upside Target 21.30
Upside Target 21.50
Upside Target 22.00

Intraday share price targets for Rcan (Rcan)

Target Type Value
Downside Intraday Target 20.43
Downside Intraday Target 20.37
Upside Intraday Target 20.63
Upside Intraday Target 20.77
Upside Intraday Target 20.57

Weekly technical analysis of Rcan (Rcan)

Date Weekly Closing Price Open High Low Volume
18 Wed Aug 2021 20.50 20.50 20.70 20.50 3 times
11 Wed Aug 2021 20.50 21.30 21.30 20.50 0.182 times
05 Thu Aug 2021 21.30 20.50 21.50 20.50 1.571 times
30 Fri Jul 2021 22.00 21.45 22.00 20.30 0.583 times
23 Fri Jul 2021 21.45 21.50 21.50 20.20 0.632 times

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

Monthly technical analysis of Rcan (Rcan)

Date Monthly Closing Price Open High Low Volume
18 Wed Aug 2021 20.50 20.50 21.50 20.50 0.413 times
30 Fri Jul 2021 22.00 19.00 22.00 19.00 1 times
23 Wed Jun 2021 20.00 17.40 20.00 17.30 3.067 times
31 Mon May 2021 17.40 18.00 19.50 17.00 0.238 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 Rcan (Rcan)

Indicator Name Indicator Value Indicator Signal
ADX 44, 27, 24 Buy
MACD 1, 1Sell
Stochastics 15Sell
CCI -36Buy
RSI 50Buy
OBV 60000Sell
VWAP 21Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Rcan ( (Rcan) ) based on a short term time period is

Price action analysis of Rcan ( (Rcan) ) based on a short term time period is

Price action analysis of Rcan ( (Rcan) ) 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 Rcan ( (Rcan) ) based on a mid to longer term time period is

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

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

Rcan 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 coming down

CCI has generated a buy signal for Rcan in short term but BUY 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 Rcan is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 20.93 and Rcan (Rcan) 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 Rcan (Rcan) stock. Volume based technical analysis of Rcan (Rcan) stock is negative.

Rcan 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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