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

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

Showing technical analysis as on 2023-11-02 View latest technical analysis

10 day averaged volume of Ritco Logistics is 14863

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu Nov 2023	239.45	240.00	243.00	235.00	0.703 times
01 Wed Nov 2023	241.95	242.50	246.00	233.05	5.229 times
31 Tue Oct 2023	237.50	235.85	240.50	234.95	0.182 times
30 Mon Oct 2023	235.85	238.00	240.10	232.50	0.185 times
27 Fri Oct 2023	240.25	233.30	243.85	231.05	0.198 times
26 Thu Oct 2023	233.30	235.00	242.00	223.10	0.803 times
25 Wed Oct 2023	234.85	235.55	241.95	230.00	0.404 times
23 Mon Oct 2023	235.55	246.50	250.45	235.30	0.358 times
20 Fri Oct 2023	243.45	246.00	250.00	240.20	0.372 times
19 Thu Oct 2023	245.60	241.45	247.95	239.05	0.656 times

My analysis of stock is bullish for shortterm, and stock might move up till 242.1 or till 245.7. Use a stoploss of 239.17 and if this stock hits its stoploss, then it can fall down till 236.2

Share price targets for Ritco Logistics (RITCO_BE)

Target Type	Value
Downside Target	182.90
Downside Target	197.00
Downside Target	215.65
Downside Target	223.10
Downside Target	232.50
Upside Target	243.90
Upside Target	246.00
Upside Target	247.90
Upside Target	250.00
Upside Target	250.45
Upside Target	254.55
Upside Target	262.35

Intraday share price targets for Ritco Logistics (RITCO_BE)

Target Type	Value
Downside Intraday Target	232.63
Downside Intraday Target	225.82
Upside Intraday Target	246.13
Upside Intraday Target	252.82
Downside Intraday Target	239.32

Weekly technical analysis of Ritco Logistics (RITCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu Nov 2023	239.45	238.00	246.00	232.50	3.574 times
27 Fri Oct 2023	240.25	246.50	250.45	223.10	0.404 times
20 Fri Oct 2023	243.45	240.00	250.00	235.10	1.481 times
13 Fri Oct 2023	240.00	240.00	243.90	234.00	0.74 times
06 Fri Oct 2023	240.65	254.55	254.55	232.60	0.936 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 Ritco Logistics (RITCO_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Thu Nov 2023	239.45	242.50	246.00	233.05	0.442 times
31 Tue Oct 2023	237.50	254.55	254.55	223.10	0.368 times
29 Fri Sep 2023	243.55	231.55	262.35	227.00	1.253 times
31 Thu Aug 2023	231.55	228.15	247.90	215.65	18.021 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_BE)

Price action analysis of Ritco Logistics ( (RITCO_BE) ) 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_BE) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Ritco Logistics ( (RITCO_BE) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Ritco Logistics ( (RITCO_BE) ) based on a mid to longer 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

ADX buy sell signal for Ritco Logistics stock for short term is BUY. 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls 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 SELL signal for Ritco Logistics in short term but SELL signal is weak.

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

MRSI is in negative zone. This is the SELL 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 240.5 and Ritco Logistics (RITCO_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Ritco Logistics (RITCO_BE) stock. Volume based technical analysis of Ritco Logistics (RITCO_BE) stock is negative.

Ritco Logistics Stock is giving positive 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.