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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 2024-03-06 View latest technical analysis

10 day averaged volume of Rite Zone is 7360

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	48.70	52.50	52.50	48.65	1.739 times
05 Tue Mar 2024	50.55	50.55	50.55	50.55	0.217 times
04 Mon Mar 2024	50.55	50.55	50.55	50.55	0.217 times
02 Sat Mar 2024	50.55	50.55	50.55	50.55	0.435 times
01 Fri Mar 2024	52.10	51.90	52.15	48.35	3.913 times
29 Thu Feb 2024	48.60	50.80	50.80	48.25	1.739 times
27 Tue Feb 2024	50.80	50.80	50.80	50.80	0.217 times
26 Mon Feb 2024	52.30	52.30	52.30	52.30	0.87 times
23 Fri Feb 2024	53.20	54.95	54.95	53.20	0.87 times
22 Thu Feb 2024	54.20	52.40	54.20	52.40	1.304 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 50.7, but if it comes above 50.7, then a intra day buy could be more profitable.
If you take a sell trade below 50.7, then use 50.7 as stoploss and 47.3 as target. However if you take a buy trade in stock , then use 50.7 as stoploss and 53.55 as target.

Share price targets for Rite Zone (RITEZONE_SM)

Target Type	Value
Downside Target	48.25
Upside Target	50.40
Upside Target	52.30
Upside Target	55.95
Upside Target	57.75
Upside Target	58.00
Upside Target	58.50
Upside Target	60.25
Upside Target	63.50
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	47.4
Downside Intraday Target	46.1
Upside Intraday Target	51.25
Upside Intraday Target	53.8
Upside Intraday Target	49.95

Weekly technical analysis of Rite Zone (RITEZONE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	48.70	50.55	52.50	48.65	0.303 times
02 Sat Mar 2024	50.55	52.30	52.30	48.25	1.941 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

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 Rite Zone (RITEZONE_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	48.70	51.90	52.50	48.35	0.092 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 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 Rite Zone ( (RITEZONE_SM) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Rite Zone ( (RITEZONE_SM) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Weak and stock is losing momentum.

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

Rite Zone 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Rite Zone in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 51.25 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.