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

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

Showing technical analysis as on 2024-03-06 View latest technical analysis

10 day averaged volume of Ritco Logistics is 72567

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	239.05	248.70	248.70	229.00	1.002 times
05 Tue Mar 2024	246.25	249.45	254.00	242.60	0.865 times
04 Mon Mar 2024	248.30	252.00	255.95	246.20	0.587 times
02 Sat Mar 2024	251.15	254.80	257.40	248.45	0.079 times
01 Fri Mar 2024	249.15	244.50	253.60	244.50	0.466 times
29 Thu Feb 2024	243.25	247.25	248.80	241.25	0.432 times
28 Wed Feb 2024	248.55	255.65	262.25	247.05	2.652 times
27 Tue Feb 2024	252.85	248.00	255.00	244.75	1.088 times
26 Mon Feb 2024	248.85	251.45	255.40	248.00	0.708 times
23 Fri Feb 2024	250.80	251.05	259.50	248.35	2.069 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 241.9, but if it comes above 241.9, then a intra day buy could be more profitable.
If you take a sell trade below 241.9, then use 241.9 as stoploss and 236.2 as target. However if you take a buy trade in stock , then use 241.9 as stoploss and 246.57 as target.

Share price targets for Ritco Logistics (RITCO)

Target Type	Value
Downside Target	229.00
Upside Target	241.25
Upside Target	255.95
Upside Target	259.50
Upside Target	262.25
Upside Target	267.70
Upside Target	268.00
Upside Target	273.90
Upside Target	305.00
Upside Target	309.45

Intraday share price targets for Ritco Logistics (RITCO)

Target Type	Value
Downside Intraday Target	226.72
Downside Intraday Target	214.38
Upside Intraday Target	253.67
Upside Intraday Target	268.28
Upside Intraday Target	241.33

Weekly technical analysis of Ritco Logistics (RITCO)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	239.05	252.00	255.95	229.00	0.452 times
02 Sat Mar 2024	251.15	251.45	262.25	241.25	0.617 times
23 Fri Feb 2024	250.80	249.70	267.70	243.90	2.335 times
16 Fri Feb 2024	245.35	246.00	259.50	235.40	0.328 times
09 Fri Feb 2024	245.50	255.05	273.90	241.25	1.011 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 Ritco Logistics (RITCO)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	239.05	244.50	257.40	229.00	0.091 times
29 Thu Feb 2024	243.25	251.60	273.90	235.40	0.766 times
31 Wed Jan 2024	248.35	272.00	309.45	233.10	1.253 times
29 Fri Dec 2023	268.70	255.00	305.00	241.80	6.132 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 Ritco Logistics (RITCO)

Price action analysis of Ritco Logistics ( (RITCO) ) 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 Ritco Logistics ( (RITCO) ) based on a short to mid 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 Ritco Logistics ( (RITCO) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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

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

Ritco Logistics 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 Ritco Logistics 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 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 248.16 and Ritco Logistics (RITCO) 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 Ritco Logistics (RITCO) stock. Volume based technical analysis of Ritco Logistics (RITCO) stock is negative.

Ritco Logistics 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.