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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 2024-03-15 View latest technical analysis

10 day averaged volume of Ritco Logistics is 74978

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	222.60	224.05	238.35	213.60	1.549 times
14 Thu Mar 2024	224.05	191.20	231.70	190.05	3.102 times
13 Wed Mar 2024	193.15	214.00	216.40	189.15	1.533 times
12 Tue Mar 2024	215.85	234.10	234.10	210.30	1.151 times
11 Mon Mar 2024	230.65	244.00	244.00	228.35	0.723 times
07 Thu Mar 2024	242.70	237.80	248.00	235.40	0.589 times
06 Wed Mar 2024	239.05	248.70	248.70	229.00	0.97 times
05 Tue Mar 2024	246.25	249.45	254.00	242.60	0.837 times
04 Mon Mar 2024	248.30	252.00	255.95	246.20	0.568 times
02 Sat Mar 2024	251.15	254.80	257.40	248.45	0.076 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 225.2, but if it comes above 225.2, then a intra day buy could be more profitable.
If you take a sell trade below 225.2, then use 225.2 as stoploss and 206.9 as target. However if you take a buy trade in stock , then use 225.2 as stoploss and 240.52 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	193.17
Downside Intraday Target	163.73
Upside Intraday Target	248.02
Upside Intraday Target	273.43
Downside Intraday Target	218.58

Weekly technical analysis of Ritco Logistics (RITCO)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	222.60	244.00	244.00	189.15	2.72 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
15 Fri Mar 2024	222.60	244.50	257.40	189.15	0.36 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 coming down

CCI has generated a buy signal for Ritco Logistics 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 Ritco Logistics is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 224.56 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.