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

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

Showing technical analysis as on 2024-08-01 View latest technical analysis

10 day averaged volume of Ritco Logistics is 305455

Date	Daily Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	362.35	355.00	365.90	355.00	0.596 times
31 Wed Jul 2024	359.35	361.70	369.95	355.50	0.991 times
30 Tue Jul 2024	358.05	330.40	370.00	330.40	5.567 times
29 Mon Jul 2024	327.15	319.90	330.00	318.65	0.586 times
26 Fri Jul 2024	314.20	310.25	321.00	308.30	0.282 times
25 Thu Jul 2024	308.25	302.40	314.45	301.55	0.361 times
24 Wed Jul 2024	303.55	303.95	315.00	302.00	0.387 times
23 Tue Jul 2024	303.05	301.10	310.35	291.70	0.531 times
22 Mon Jul 2024	303.80	290.00	312.80	290.00	0.386 times
19 Fri Jul 2024	295.25	306.45	306.45	292.25	0.398 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 360.9, for a target of 338.3 or 319.54

Share price targets for Ritco Logistics (RITCO)

Target Type	Value
Downside Target	207.60
Downside Target	217.60
Downside Target	242.00
Downside Target	275.80
Downside Target	290.00
Downside Target	302.00
Downside Target	318.65
Downside Target	328.70
Downside Target	334.80
Downside Target	341.00
Downside Target	355.00
Upside Target	365.90
Upside Target	370.00

Intraday share price targets for Ritco Logistics (RITCO)

Target Type	Value
Downside Intraday Target	330.67
Downside Intraday Target	298.98
Upside Intraday Target	382.02
Upside Intraday Target	401.68
Downside Intraday Target	350.33

Weekly technical analysis of Ritco Logistics (RITCO)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	362.35	319.90	370.00	318.65	3.975 times
26 Fri Jul 2024	314.20	290.00	321.00	290.00	1.125 times
19 Fri Jul 2024	295.25	326.90	328.70	292.25	0.436 times
12 Fri Jul 2024	324.60	317.70	341.00	302.00	1.003 times
05 Fri Jul 2024	313.95	306.80	332.00	305.25	0.327 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 Logistics (RITCO)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	362.35	355.00	365.90	355.00	0.032 times
31 Wed Jul 2024	359.35	306.80	370.00	290.00	0.939 times
28 Fri Jun 2024	306.48	259.00	334.80	207.60	4.03 times
31 Fri May 2024	247.45	273.00	275.80	242.00	0.398 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 Logistics (RITCO)

Price action analysis of Ritco Logistics ( (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 Logistics ( (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 Logistics ( (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 Logistics stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Ritco Logistics 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 Logistics 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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Ritco Logistics in short term but SELL 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 Ritco Logistics is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 344.09 and Ritco Logistics (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 Logistics (RITCO) stock. Volume based technical analysis of Ritco Logistics (RITCO) stock is negative.

Ritco Logistics 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.