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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 2024-07-05 View latest technical analysis

10 day averaged volume of Rite Zone is 8480

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Jul 2024	42.15	41.25	42.50	41.00	3.774 times
04 Thu Jul 2024	42.80	42.55	42.80	42.55	1.132 times
03 Wed Jul 2024	42.90	42.85	42.90	42.10	0.943 times
02 Tue Jul 2024	43.00	42.35	44.95	42.35	0.943 times
01 Mon Jul 2024	43.95	43.95	45.90	42.45	1.509 times
28 Fri Jun 2024	42.30	42.30	42.30	42.30	0.377 times
27 Thu Jun 2024	42.30	42.50	42.50	42.25	0.755 times
26 Wed Jun 2024	42.50	41.70	42.60	41.65	2.264 times
25 Tue Jun 2024	43.75	42.70	43.75	42.70	0.755 times
24 Mon Jun 2024	42.75	43.50	43.50	42.75	0.377 times

Stock of Rite Zone (RITEZONE_SM) has showed a significant fall. This could be a good time to exit from 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 42.2, but if it comes above 42.2, then a intra day buy could be more profitable.
If you take a sell trade below 42.2, then use 42.2 as stoploss and 40.9 as target. However if you take a buy trade in stock , then use 42.2 as stoploss and 43.36 as target.

Share price targets for Rite Zone (RITEZONE_SM)

Target Type	Value
Downside Target	38.10
Downside Target	41.00
Upside Target	43.75
Upside Target	45.00
Upside Target	45.90
Upside Target	49.75
Upside Target	50.90
Upside Target	52.00
Upside Target	53.45

Intraday share price targets for Rite Zone (RITEZONE_SM)

Target Type	Value
Downside Intraday Target	40.13
Downside Intraday Target	38.12
Upside Intraday Target	45.03
Upside Intraday Target	47.92
Upside Intraday Target	43.02

Weekly technical analysis of Rite Zone (RITEZONE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Jul 2024	42.15	43.95	45.90	41.00	1.833 times
28 Fri Jun 2024	42.30	43.50	43.75	41.65	1.143 times
21 Fri Jun 2024	43.50	44.10	45.00	42.35	1.167 times
13 Thu Jun 2024	44.65	49.75	49.75	42.55	2.25 times
07 Fri Jun 2024	45.00	43.50	45.00	41.05	2 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
05 Fri Jul 2024	42.15	43.95	45.90	41.00	0.62 times
28 Fri Jun 2024	42.30	43.50	49.75	41.05	1.775 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

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 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 Rite Zone ( (RITEZONE_SM) ) based on a short 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.

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

Rite Zone 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 Rite Zone in short term and SELL signal is strong!

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 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 42.72 and Rite Zone (RITEZONE_SM) 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 Rite Zone (RITEZONE_SM) stock. Volume based technical analysis of Rite Zone (RITEZONE_SM) stock is negative.

Rite Zone 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.