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(RHIM) Rhi Magnesita complete technical analysis [charts+indicators] | Buy/Sell Rhi Magnesita | (RHIM) share price targets

Complete technical analysis of Rhi Magnesita (RHIM) by charts plus indicators, forecast predictions and share price targets for Rhi Magnesita (RHIM)

Showing technical analysis as on 2024-07-19 View latest technical analysis

10 day averaged volume of Rhi Magnesita is 347832

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Jul 2024	585.70	590.80	591.45	576.65	0.735 times
18 Thu Jul 2024	590.80	595.65	602.35	587.50	0.449 times
16 Tue Jul 2024	594.65	613.80	624.90	589.10	1.509 times
15 Mon Jul 2024	609.40	578.00	613.90	568.10	2.582 times
12 Fri Jul 2024	582.40	599.90	606.30	574.25	2.133 times
11 Thu Jul 2024	599.30	608.70	612.15	594.05	0.798 times
10 Wed Jul 2024	604.40	612.05	623.00	603.00	0.522 times
09 Tue Jul 2024	612.45	615.95	621.75	607.05	0.435 times
08 Mon Jul 2024	614.85	629.95	633.55	612.25	0.825 times
05 Fri Jul 2024	627.20	635.00	637.45	626.00	0.449 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 598.5, but if it comes above 598.5, then a intra day buy could be more profitable.
If you take a sell trade below 598.5, then use 598.5 as stoploss and 570.1 as target. However if you take a buy trade in stock , then use 598.5 as stoploss and 622.13 as target.

Share price targets for Rhi Magnesita (RHIM)

Target Type	Value
Downside Target	504.25
Downside Target	556.90
Downside Target	568.10
Upside Target	624.90
Upside Target	656.10
Upside Target	657.25
Upside Target	680.50
Upside Target	688.00
Upside Target	702.90
Upside Target	730.00
Upside Target	755.55

Intraday share price targets for Rhi Magnesita (RHIM)

Target Type	Value
Downside Intraday Target	560.9
Downside Intraday Target	536.1
Upside Intraday Target	617.7
Upside Intraday Target	649.7
Upside Intraday Target	592.9

Weekly technical analysis of Rhi Magnesita (RHIM)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Jul 2024	585.70	578.00	624.90	568.10	1.12 times
12 Fri Jul 2024	582.40	629.95	633.55	574.25	2.853 times
05 Fri Jul 2024	627.20	639.95	657.25	626.00	0.38 times
28 Fri Jun 2024	637.15	676.00	680.50	626.15	2.059 times
21 Fri Jun 2024	673.70	696.75	702.90	656.10	0.722 times

Price has moved up 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 Rhi Magnesita (RHIM)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Fri Jul 2024	585.70	639.95	657.25	568.10	0.9 times
28 Fri Jun 2024	637.15	730.00	730.00	626.15	0.509 times
31 Fri May 2024	707.15	653.00	755.55	590.20	1.237 times
30 Tue Apr 2024	650.25	558.10	688.00	556.90	1.12 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 Rhi Magnesita (RHIM)

Price action analysis of Rhi Magnesita ( (RHIM) ) 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 Rhi Magnesita ( (RHIM) ) 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 Rhi Magnesita ( (RHIM) ) 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 Rhi Magnesita ( (RHIM) ) 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 Rhi Magnesita stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Rhi Magnesita in short term and the sell signal is strong.

Rhi Magnesita 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 Rhi Magnesita 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 Rhi Magnesita is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 599.58 and Rhi Magnesita (RHIM) 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 Rhi Magnesita (RHIM) stock. Volume based technical analysis of Rhi Magnesita (RHIM) stock is negative.

Rhi Magnesita 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.