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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 2024-07-09 View latest technical analysis

10 day averaged volume of Rite Zone is 10720

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	42.00	41.65	42.00	41.65	0.299 times
08 Mon Jul 2024	41.55	41.55	41.55	41.55	0.149 times
05 Fri Jul 2024	42.15	41.25	42.50	41.00	2.985 times
04 Thu Jul 2024	42.80	42.55	42.80	42.55	0.896 times
03 Wed Jul 2024	42.90	42.85	42.90	42.10	0.746 times
02 Tue Jul 2024	43.00	42.35	44.95	42.35	0.746 times
01 Mon Jul 2024	43.95	43.95	45.90	42.45	1.194 times
28 Fri Jun 2024	42.30	42.30	42.30	42.30	0.299 times
27 Thu Jun 2024	42.30	42.50	42.50	42.25	0.597 times
26 Wed Jun 2024	42.50	41.70	42.60	41.65	1.791 times

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 43.31 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	41.7
Downside Intraday Target	41.4
Upside Intraday Target	42.15
Upside Intraday Target	42.3
Downside Intraday Target	41.85

Weekly technical analysis of Rite Zone (RITEZONE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	42.00	41.55	42.00	41.55	0.068 times
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

Price has moved down 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 Rite Zone (RITEZONE_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	42.00	43.95	45.90	41.00	0.662 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 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 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 gaining momentum.

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

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 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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 42.62 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.