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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 2024-04-02 View latest technical analysis

10 day averaged volume of Ritco Logistics is 69346

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	243.25	237.00	245.55	229.45	1.036 times
01 Mon Apr 2024	236.45	219.00	244.90	217.60	1.3 times
28 Thu Mar 2024	218.20	223.00	225.85	215.10	0.951 times
27 Wed Mar 2024	221.10	217.00	232.90	217.00	3.019 times
26 Tue Mar 2024	214.05	217.95	224.75	209.15	0.831 times
22 Fri Mar 2024	217.85	224.40	225.75	213.55	0.394 times
21 Thu Mar 2024	223.25	226.05	230.80	221.05	0.549 times
20 Wed Mar 2024	225.25	228.05	230.00	220.15	0.576 times
19 Tue Mar 2024	226.85	229.95	230.70	223.15	0.286 times
18 Mon Mar 2024	229.10	222.90	232.40	218.30	0.419 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 242.3, but if it comes below 242.3, then a intra day sell could be more profitable.
If you take a sell trade below 242.3, then use 242.3 as stoploss and 228.46 as target. However if you take a buy trade in stock , then use 242.3 as stoploss and 258.8 as target.

Share price targets for Ritco Logistics (RITCO)

Target Type	Value
Downside Target	189.15
Downside Target	209.15
Downside Target	213.55
Downside Target	229.00
Downside Target	241.80
Upside Target	245.55
Upside Target	255.95
Upside Target	257.40
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	225.38
Downside Intraday Target	207.52
Upside Intraday Target	253.33
Upside Intraday Target	263.42
Downside Intraday Target	235.47

Weekly technical analysis of Ritco Logistics (RITCO)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	243.25	219.00	245.55	217.60	0.486 times
28 Thu Mar 2024	218.20	217.95	232.90	209.15	2.158 times
22 Fri Mar 2024	217.85	222.90	232.40	213.55	0.255 times
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

Price has moved up 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
02 Tue Apr 2024	243.25	219.00	245.55	217.60	0.12 times
28 Thu Mar 2024	218.20	244.50	257.40	189.15	0.563 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

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 Ritco Logistics (RITCO)

Price action analysis of Ritco Logistics ( (RITCO) ) 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 Ritco Logistics ( (RITCO) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Ritco Logistics ( (RITCO) ) 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 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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Ritco Logistics in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Ritco Logistics Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 225.54 and Ritco Logistics (RITCO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.