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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 2024-08-02 View latest technical analysis

10 day averaged volume of Rhi Magnesita is 227608

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	599.10	598.10	609.00	594.65	1.095 times
01 Thu Aug 2024	601.00	603.65	610.85	595.05	0.5 times
31 Wed Jul 2024	601.10	610.25	610.25	596.65	1.514 times
30 Tue Jul 2024	608.35	612.05	617.00	600.65	1.021 times
29 Mon Jul 2024	612.05	613.90	622.40	610.10	0.654 times
26 Fri Jul 2024	609.50	592.00	619.60	591.95	1.863 times
25 Thu Jul 2024	590.35	589.35	612.55	588.00	1.25 times
24 Wed Jul 2024	589.35	581.85	592.80	580.65	0.479 times
23 Tue Jul 2024	581.40	592.95	592.95	574.10	0.524 times
22 Mon Jul 2024	589.65	577.50	592.50	576.00	1.071 times

My analysis of stock is bearish for shortterm, and stock might move down till 588.3 or till 574. Use a stoploss of 600.15 and if the stock hits stoploss, then it can shoot up till 612.02

Share price targets for Rhi Magnesita (RHIM)

Target Type	Value
Downside Target	556.90
Downside Target	568.10
Downside Target	590.20
Upside Target	610.85
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	588.37
Downside Intraday Target	577.63
Upside Intraday Target	616.12
Upside Intraday Target	633.13
Upside Intraday Target	605.38

Weekly technical analysis of Rhi Magnesita (RHIM)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	599.10	613.90	622.40	594.65	0.922 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
02 Fri Aug 2024	599.10	603.65	610.85	594.65	0.061 times
31 Wed Jul 2024	601.10	639.95	657.25	568.10	1.324 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

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 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 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 to mid term time period is neutral. A longer time frame might give a better analysis.

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 gaining 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

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 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 599.73 and Rhi Magnesita (RHIM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive 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.