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Stock analysis Ritco Logistics Limited RITCO

More indepth analysis on MunafaSutra.com

Moving Averages for Ritco Logistics Limited

  • 5Day Average: 269.56
  • 12Day Average: 262.35
  • 20Day Average: 253.21
  • 50Day Average: 242.68
  • 100Day Average: 253.66
  • 150Day Average: 248.87
  • 200Day Average: 230.43

RITCO Indicators & signals

Indicator MACD (12,26,9)

261.67, 252.49, 7.21
Indicator MACD is in positive zone

Indicator ADX (14)

56.05, 25.83, 7.28
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of RITCO Ritco Logistics Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Tue Apr 2024 269.20 267.95 to 276.90 0.69% 0.19 times
29 Mon Apr 2024 267.35 266.50 to 282.00 -1.02% 0.55 times
26 Fri Apr 2024 270.10 267.75 to 291.00 0.17% 0.89 times
25 Thu Apr 2024 269.65 268.10 to 285.00 -0.68% 0.4 times
24 Wed Apr 2024 271.50 265.75 to 286.00 2.32% 1.11 times
23 Tue Apr 2024 265.35 259.05 to 273.00 0.38% 0.46 times
22 Mon Apr 2024 264.35 261.00 to 279.95 1.24% 0.72 times
19 Fri Apr 2024 261.10 239.55 to 274.90 3.49% 1.96 times
18 Thu Apr 2024 252.30 250.55 to 261.10 -1.91% 0.23 times
16 Tue Apr 2024 257.20 252.55 to 270.00 0.14% 0.84 times
15 Mon Apr 2024 256.85 230.50 to 291.90 5.59% 2.83 times
12 Fri Apr 2024 243.25 240.00 to 253.90 1.06% 0.33 times

Technical analysis forecast of Ritco Logistics Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Ritco Logistics Limited RITCO at this time. Stock is rising and might rise more.

It appears as if Ritco Logistics Limited RITCO gave a large move recently.

Stock of Ritco Logistics Limited (RITCO) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Ritco Logistics Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Ritco Logistics Limited stays above 268.6, but if it comes below 268.6, then a intra day sell could be more profitable.
If you take a sell trade below 268.6, then use 268.6 as stoploss and 255.44 as target. However if you take a buy trade in Ritco Logistics Limited, then use 268.6 as stoploss and 284.3 as target.

More indepth analysis on MunafaSutra.com