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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 2024-07-30 View latest technical analysis

10 day averaged volume of Rhi Magnesita is 316458

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	608.35	612.05	617.00	600.65	0.734 times
29 Mon Jul 2024	612.05	613.90	622.40	610.10	0.471 times
26 Fri Jul 2024	609.50	592.00	619.60	591.95	1.34 times
25 Thu Jul 2024	590.35	589.35	612.55	588.00	0.899 times
24 Wed Jul 2024	589.35	581.85	592.80	580.65	0.344 times
23 Tue Jul 2024	581.40	592.95	592.95	574.10	0.377 times
22 Mon Jul 2024	589.65	577.50	592.50	576.00	0.77 times
19 Fri Jul 2024	585.70	590.80	591.45	576.65	0.808 times
18 Thu Jul 2024	590.80	595.65	602.35	587.50	0.493 times
16 Tue Jul 2024	594.65	613.80	624.90	589.10	1.659 times

My analysis of stock is bullish for shortterm, and stock might move up till 622.8 or till 643.6. Use a stoploss of 605.42 and if this stock hits its stoploss, then it can fall down till 588.07

Share price targets for Rhi Magnesita (RHIM)

Target Type	Value
Downside Target	504.25
Downside Target	556.90
Downside Target	568.10
Upside Target	619.60
Upside Target	626.00
Upside Target	626.15
Upside Target	633.55
Upside Target	657.25
Upside Target	688.00
Upside Target	730.00
Upside Target	755.55

Intraday share price targets for Rhi Magnesita (RHIM)

Target Type	Value
Downside Intraday Target	598.53
Downside Intraday Target	588.72
Upside Intraday Target	620.28
Upside Intraday Target	632.22
Upside Intraday Target	610.47

Weekly technical analysis of Rhi Magnesita (RHIM)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	608.35	613.90	622.40	600.65	0.323 times
26 Fri Jul 2024	609.50	577.50	619.60	574.10	0.643 times
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

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 Rhi Magnesita (RHIM)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	608.35	639.95	657.25	568.10	1.248 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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Rhi Magnesita ( (RHIM) ) based on a short to mid 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 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 Weak and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Rhi Magnesita Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Rhi Magnesita in short term but SELL signal is weak.

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 596.48 and Rhi Magnesita (RHIM) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.