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(RITEZONE_SM) Rite Zone complete technical analysis [charts+indicators] | Buy/Sell Rite Zone | (RITEZONE_SM) share price targets

Complete technical analysis of Rite Zone (RITEZONE_SM) by charts plus indicators, forecast predictions and share price targets for Rite Zone (RITEZONE_SM)

Showing technical analysis as on 2024-03-01 View latest technical analysis

10 day averaged volume of Rite Zone is 11520

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	52.10	51.90	52.15	48.35	2.5 times
29 Thu Feb 2024	48.60	50.80	50.80	48.25	1.111 times
27 Tue Feb 2024	50.80	50.80	50.80	50.80	0.139 times
26 Mon Feb 2024	52.30	52.30	52.30	52.30	0.556 times
23 Fri Feb 2024	53.20	54.95	54.95	53.20	0.556 times
22 Thu Feb 2024	54.20	52.40	54.20	52.40	0.833 times
21 Wed Feb 2024	55.95	55.95	55.95	55.95	0.139 times
20 Tue Feb 2024	55.95	53.80	55.95	53.80	0.556 times
19 Mon Feb 2024	53.00	54.05	54.05	53.00	0.278 times
16 Fri Feb 2024	54.05	58.00	58.00	50.40	5.139 times

Stock of Rite Zone (RITEZONE_SM) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 52.4, but if it comes above 52.4, then a intra day buy could be more profitable.
If you take a sell trade below 52.4, then use 52.4 as stoploss and 49.6 as target. However if you take a buy trade in stock , then use 52.4 as stoploss and 54.75 as target.

Share price targets for Rite Zone (RITEZONE_SM)

Target Type	Value
Downside Target	48.25
Downside Target	50.40
Upside Target	52.15
Upside Target	53.75
Upside Target	55.95
Upside Target	57.75
Upside Target	58.50
Upside Target	60.25
Upside Target	63.50
Upside Target	63.90
Upside Target	69.00
Upside Target	74.90
Upside Target	76.90

Intraday share price targets for Rite Zone (RITEZONE_SM)

Target Type	Value
Downside Intraday Target	49.47
Downside Intraday Target	46.83
Upside Intraday Target	53.52
Upside Intraday Target	54.93
Downside Intraday Target	50.88

Weekly technical analysis of Rite Zone (RITEZONE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	52.10	52.30	52.30	48.25	1.824 times
23 Fri Feb 2024	53.20	54.05	55.95	52.40	0.362 times
16 Fri Feb 2024	54.05	57.80	58.00	50.40	1.958 times
09 Fri Feb 2024	56.70	56.00	57.75	56.00	0.102 times
02 Fri Feb 2024	56.40	63.90	63.90	53.75	6.211 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 Rite Zone (RITEZONE_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	52.10	51.90	52.15	48.35	0.055 times
29 Thu Feb 2024	48.60	62.00	63.50	48.25	0.73 times
31 Wed Jan 2024	62.00	64.00	74.90	60.25	1.678 times
29 Fri Dec 2023	62.75	64.10	69.00	58.50	0.419 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 Rite Zone (RITEZONE_SM)

Price action analysis of Rite Zone ( (RITEZONE_SM) ) 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 Rite Zone ( (RITEZONE_SM) ) based on a short 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

Price action analysis of Rite Zone ( (RITEZONE_SM) ) 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 Rite Zone ( (RITEZONE_SM) ) 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 Rite Zone stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

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

Rite Zone 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 below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Rite Zone in short term but BUY 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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Rite Zone is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 53.06 and Rite Zone (RITEZONE_SM) 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 Rite Zone (RITEZONE_SM) stock. Volume based technical analysis of Rite Zone (RITEZONE_SM) stock is negative.

Rite Zone 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.