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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 2024-03-14 View latest technical analysis

10 day averaged volume of Ritco Logistics is 54851

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	224.05	191.20	231.70	190.05	4.241 times
13 Wed Mar 2024	193.15	214.00	216.40	189.15	2.095 times
12 Tue Mar 2024	215.85	234.10	234.10	210.30	1.574 times
11 Mon Mar 2024	230.65	244.00	244.00	228.35	0.989 times
07 Thu Mar 2024	242.70	237.80	248.00	235.40	0.805 times
06 Wed Mar 2024	239.05	248.70	248.70	229.00	1.325 times
05 Tue Mar 2024	246.25	249.45	254.00	242.60	1.144 times
04 Mon Mar 2024	248.30	252.00	255.95	246.20	0.776 times
02 Sat Mar 2024	251.15	254.80	257.40	248.45	0.104 times
01 Fri Mar 2024	249.15	244.50	253.60	244.50	0.617 times

Stock of Ritco Logistics (RITCO) 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 226.9, but if it comes above 226.9, then a intra day buy could be more profitable.
If you take a sell trade below 226.9, then use 226.9 as stoploss and 209.2 as target. However if you take a buy trade in stock , then use 226.9 as stoploss and 241.66 as target.

Share price targets for Ritco Logistics (RITCO)

Target Type	Value
Downside Target	189.15
Upside Target	229.00
Upside Target	241.25
Upside Target	255.95
Upside Target	257.40
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	194.13
Downside Intraday Target	164.22
Upside Intraday Target	248.98
Upside Intraday Target	273.92
Downside Intraday Target	219.07

Weekly technical analysis of Ritco Logistics (RITCO)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	224.05	244.00	244.00	189.15	2.197 times
07 Thu Mar 2024	242.70	252.00	255.95	229.00	0.564 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

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 Ritco Logistics (RITCO)

Date	Monthly Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	224.05	244.50	257.40	189.15	0.312 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 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 Ritco Logistics ( (RITCO) ) 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 Ritco Logistics ( (RITCO) ) 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 SELL. Signal strength is Strong and stock is losing 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 weakening, and bulls are picking up momentum!

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 but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 225.97 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.