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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 2024-08-16 View latest technical analysis

10 day averaged volume of Ritco Logistics is 199187

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	316.35	324.65	330.00	312.05	0.225 times
14 Wed Aug 2024	318.50	317.15	323.20	310.30	0.197 times
13 Tue Aug 2024	315.55	323.60	327.85	315.50	0.318 times
12 Mon Aug 2024	323.60	330.90	334.35	321.25	0.341 times
09 Fri Aug 2024	330.70	337.95	338.10	323.25	0.576 times
08 Thu Aug 2024	328.85	331.65	343.95	325.90	0.975 times
07 Wed Aug 2024	332.50	328.70	339.75	323.80	1.119 times
06 Tue Aug 2024	322.25	345.00	359.90	311.60	1.876 times
05 Mon Aug 2024	346.65	359.50	368.85	342.80	1.796 times
02 Fri Aug 2024	366.80	359.70	374.75	355.65	1.888 times

My analysis of stock is bearish for shortterm, and stock might move down till 305.8 or till 280.7. Use a stoploss of 326.84 and if the stock hits stoploss, then it can shoot up till 347.83

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	310.30
Upside Target	318.65
Upside Target	328.70
Upside Target	334.35
Upside Target	334.80
Upside Target	368.85
Upside Target	370.00
Upside Target	374.75

Intraday share price targets for Ritco Logistics (RITCO)

Target Type	Value
Downside Intraday Target	306.32
Downside Intraday Target	296.28
Upside Intraday Target	330.37
Upside Intraday Target	344.38
Upside Intraday Target	320.33

Weekly technical analysis of Ritco Logistics (RITCO)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	316.35	330.90	334.35	310.30	0.17 times
09 Fri Aug 2024	330.70	359.50	368.85	311.60	0.461 times
02 Fri Aug 2024	366.80	319.90	374.75	318.65	4.607 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

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 Logistics (RITCO)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	316.35	355.00	374.75	310.30	0.356 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 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 Logistics (RITCO)

Price action analysis of Ritco Logistics ( (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 Logistics ( (RITCO) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Weak and stock is losing momentum.

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

Ritco Logistics 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 green color and prices are in or below the green cloud Prices appear to be coming down

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

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Ritco Logistics is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 338.04 and Ritco Logistics (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 Logistics (RITCO) stock. Volume based technical analysis of Ritco Logistics (RITCO) stock is negative.

Ritco Logistics 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.