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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 2022-05-20 View latest technical analysis

10 day averaged volume of Rcan is 12600

Date Daily Closing Price Open High Low Volume
20 Fri May 2022 20.00 20.00 20.00 20.00 0.476 times
19 Thu May 2022 20.00 20.00 20.00 20.00 0.476 times
09 Mon May 2022 20.50 20.50 20.50 20.50 0.476 times
05 Thu May 2022 20.50 20.50 20.50 20.50 0.476 times
02 Mon May 2022 20.55 20.55 20.55 20.55 0.476 times
12 Tue Apr 2022 20.60 20.60 20.60 20.60 0.476 times
01 Fri Apr 2022 21.90 21.90 21.90 21.90 1.905 times
24 Thu Mar 2022 20.60 20.60 20.60 20.60 0.476 times
08 Tue Mar 2022 21.00 21.00 21.00 21.00 1.905 times
04 Fri Mar 2022 21.50 21.00 21.50 21.00 2.857 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 20.4, but if it comes above 20.4, then a intra day buy could be more profitable.
If you take a sell trade below 20.4, then use 20.4 as stoploss and 19.6 as target. However if you take a buy trade in stock , then use 20.4 as stoploss and 20.95 as target.

Share price targets for Rcan (Rcan)

Target Type Value
Downside Target 20.00
Upside Target 20.50
Upside Target 20.60
Upside Target 21.00
Upside Target 21.50
Upside Target 21.90
Upside Target 22.00

Intraday share price targets for Rcan (Rcan)

Target Type Value
Downside Intraday Target 19.83
Downside Intraday Target 19.67
Upside Intraday Target 20.33
Upside Intraday Target 20.67
Upside Intraday Target 20.17

Weekly technical analysis of Rcan (Rcan)

Date Weekly Closing Price Open High Low Volume
20 Fri May 2022 20.00 20.50 20.50 20.00 1.5 times
05 Thu May 2022 20.50 20.55 20.55 20.50 2 times
12 Tue Apr 2022 20.60 20.60 20.60 20.60 0.111 times
01 Fri Apr 2022 21.90 21.00 21.90 20.60 1.286 times
04 Fri Mar 2022 21.50 21.00 21.50 21.00 0.7 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 Rcan (Rcan)

Date Monthly Closing Price Open High Low Volume
20 Fri May 2022 20.00 20.55 20.55 20.00 1 times
12 Tue Apr 2022 20.60 21.90 21.90 20.60 0.417 times
24 Thu Mar 2022 20.60 21.00 21.50 20.60 0.571 times
25 Fri Feb 2022 21.00 21.50 22.00 21.00 3.5 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 37, 51, 17 Sell
MACD -0, 0Sell
Stochastics 0Sell
CCI -109Sell
RSI 57Buy
OBV 18000Sell
VWAP 21Sell
ADL 0Sell
ROC -5Sell
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 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 Rcan ( (Rcan) ) 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 Rcan stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Rcan in short term and the sell signal is strong.

Rcan Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 Rcan in short term

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 21.11 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Click here for Rcan charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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