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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 2024-06-07 View latest technical analysis

10 day averaged volume of Rite Zone is 5280

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	45.00	45.00	45.00	45.00	0.303 times
06 Thu Jun 2024	43.50	43.50	43.55	43.50	0.606 times
04 Tue Jun 2024	41.05	41.10	41.10	41.05	0.606 times
03 Mon Jun 2024	44.50	43.50	44.50	43.50	0.909 times
31 Fri May 2024	47.65	47.65	47.70	47.65	0.606 times
29 Wed May 2024	44.00	46.05	46.05	44.00	0.606 times
24 Fri May 2024	46.05	47.00	47.00	46.05	1.212 times
22 Wed May 2024	49.00	48.90	49.00	48.90	1.212 times
21 Tue May 2024	49.00	43.20	49.00	43.20	1.212 times
17 Fri May 2024	46.00	45.45	46.00	45.45	1.212 times

My analysis of stock is bearish for shortterm, and stock might move down till 42.9 or till 40.2. Use a stoploss of 45.17 and if the stock hits stoploss, then it can shoot up till 47.44

Share price targets for Rite Zone (RITEZONE_SM)

Target Type	Value
Downside Target	38.10
Downside Target	41.05
Downside Target	42.50
Downside Target	45.00
Upside Target	45.95
Upside Target	47.70
Upside Target	48.25
Upside Target	49.00
Upside Target	50.90
Upside Target	52.00
Upside Target	53.45
Upside Target	63.50

Intraday share price targets for Rite Zone (RITEZONE_SM)

Target Type	Value
Downside Intraday Target	42.37
Downside Intraday Target	39.73
Upside Intraday Target	46.32
Upside Intraday Target	47.63
Downside Intraday Target	43.68

Weekly technical analysis of Rite Zone (RITEZONE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	45.00	43.50	45.00	41.05	2 times
31 Fri May 2024	47.65	46.05	47.70	44.00	0.333 times
24 Fri May 2024	46.05	43.20	49.00	43.20	1.2 times
17 Fri May 2024	46.00	42.50	46.00	42.50	3.333 times
10 Fri May 2024	44.00	45.80	45.95	44.00	0.273 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 Rite Zone (RITEZONE_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	45.00	43.50	45.00	41.05	0.2 times
31 Fri May 2024	47.65	46.00	50.90	42.50	1.176 times
26 Fri Apr 2024	44.00	41.05	52.00	41.05	0.211 times
28 Thu Mar 2024	39.35	51.90	53.45	38.10	0.492 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Rite Zone ( (RITEZONE_SM) ) 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 Rite Zone ( (RITEZONE_SM) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Rite Zone in short term and the sell signal is strong.

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

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 moving up

CCI has generated a buy signal for Rite Zone in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 46.11 and Rite Zone (RITEZONE_SM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.