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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 2024-07-26 View latest technical analysis

10 day averaged volume of Rite Zone is 6720

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Jul 2024	40.00	40.00	40.00	40.00	0.238 times
24 Wed Jul 2024	39.00	39.00	39.00	39.00	0.238 times
22 Mon Jul 2024	39.00	40.00	40.00	39.00	1.19 times
18 Thu Jul 2024	40.10	40.10	40.10	40.10	0.238 times
15 Mon Jul 2024	40.10	40.10	40.10	40.10	0.238 times
12 Fri Jul 2024	41.10	40.40	41.55	40.40	0.714 times
11 Thu Jul 2024	41.50	41.20	41.50	41.20	0.476 times
10 Wed Jul 2024	41.10	41.50	41.65	41.00	1.429 times
09 Tue Jul 2024	42.00	41.65	42.00	41.65	0.476 times
08 Mon Jul 2024	41.55	41.55	41.55	41.55	0.238 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 40.3, but if it comes above 40.3, then a intra day buy could be more profitable.
If you take a sell trade below 40.3, then use 40.3 as stoploss and 38.6 as target. However if you take a buy trade in stock , then use 40.3 as stoploss and 41.69 as target.

Share price targets for Rite Zone (RITEZONE_SM)

Target Type	Value
Downside Target	38.10
Downside Target	39.00
Downside Target	40.00
Upside Target	42.50
Upside Target	43.75
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	39.33
Downside Intraday Target	38.67
Upside Intraday Target	40.33
Upside Intraday Target	40.67
Downside Intraday Target	39.67

Weekly technical analysis of Rite Zone (RITEZONE_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Jul 2024	40.00	40.00	40.00	39.00	3.5 times
18 Thu Jul 2024	40.10	40.10	40.10	40.10	0.143 times
12 Fri Jul 2024	41.10	41.55	42.00	40.40	0.318 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

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
26 Fri Jul 2024	40.00	43.95	45.90	39.00	0.944 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 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 40.55 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.