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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 2023-11-03 View latest technical analysis

10 day averaged volume of Ritco Logistics is 13511

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri Nov 2023	241.00	240.40	243.50	236.20	0.655 times
02 Thu Nov 2023	239.45	240.00	243.00	235.00	0.773 times
01 Wed Nov 2023	241.95	242.50	246.00	233.05	5.753 times
31 Tue Oct 2023	237.50	235.85	240.50	234.95	0.2 times
30 Mon Oct 2023	235.85	238.00	240.10	232.50	0.204 times
27 Fri Oct 2023	240.25	233.30	243.85	231.05	0.218 times
26 Thu Oct 2023	233.30	235.00	242.00	223.10	0.883 times
25 Wed Oct 2023	234.85	235.55	241.95	230.00	0.444 times
23 Mon Oct 2023	235.55	246.50	250.45	235.30	0.393 times
20 Fri Oct 2023	243.45	246.00	250.00	240.20	0.409 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 242 as stoploss in an intra day sell trade for a target of 239.12. However, stock will show a bullish move above 242.

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	233.67
Downside Intraday Target	226.33
Upside Intraday Target	247.17
Upside Intraday Target	253.33
Downside Intraday Target	239.83

Weekly technical analysis of Ritco Logistics (RITCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri Nov 2023	241.00	238.00	246.00	232.50	3.912 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 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Fri Nov 2023	241.00	242.50	246.00	233.05	0.486 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 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_BE) ) based on a mid to longer 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.

ADX buy sell signal for Ritco Logistics stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 moving up

CCI has generated a buy signal for Ritco Logistics in short term and BUY signal is strong.

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 240.16 and Ritco Logistics (RITCO_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

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 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.