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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 2024-03-12 View latest technical analysis

10 day averaged volume of Rite Zone is 9600

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	48.35	48.40	48.40	48.35	0.5 times
11 Mon Mar 2024	50.00	53.45	53.45	47.50	2.5 times
07 Thu Mar 2024	49.00	49.10	49.10	49.00	0.333 times
06 Wed Mar 2024	48.70	52.50	52.50	48.65	1.333 times
05 Tue Mar 2024	50.55	50.55	50.55	50.55	0.167 times
04 Mon Mar 2024	50.55	50.55	50.55	50.55	0.167 times
02 Sat Mar 2024	50.55	50.55	50.55	50.55	0.333 times
01 Fri Mar 2024	52.10	51.90	52.15	48.35	3 times
29 Thu Feb 2024	48.60	50.80	50.80	48.25	1.333 times
27 Tue Feb 2024	50.80	50.80	50.80	50.80	0.167 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 49.6, but if it comes above 49.6, then a intra day buy could be more profitable.
If you take a sell trade below 49.6, then use 49.6 as stoploss and 46.2 as target. However if you take a buy trade in stock , then use 49.6 as stoploss and 52.36 as target.

Share price targets for Rite Zone (RITEZONE_SM)

Target Type	Value
Downside Target	47.50
Upside Target	50.40
Upside Target	52.30
Upside Target	55.95
Upside Target	56.00
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	46.08
Downside Intraday Target	43.82
Upside Intraday Target	52.03
Upside Intraday Target	55.72
Upside Intraday Target	49.77

Weekly technical analysis of Rite Zone (RITEZONE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	48.35	53.45	53.45	47.50	1.5 times
07 Thu Mar 2024	49.00	50.55	52.50	48.65	0.364 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

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
12 Tue Mar 2024	48.35	51.90	53.45	47.50	0.153 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 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 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 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 BUY. Signal strength is Weak and stock is gaining 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 weakening, and bulls are picking up momentum!

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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 50.21 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.