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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 2024-08-06 View latest technical analysis

10 day averaged volume of Rhi Magnesita is 220740

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	574.20	589.95	593.70	570.20	0.529 times
05 Mon Aug 2024	582.95	596.00	596.00	575.10	0.823 times
02 Fri Aug 2024	599.10	598.10	609.00	594.65	1.129 times
01 Thu Aug 2024	601.00	603.65	610.85	595.05	0.516 times
31 Wed Jul 2024	601.10	610.25	610.25	596.65	1.561 times
30 Tue Jul 2024	608.35	612.05	617.00	600.65	1.052 times
29 Mon Jul 2024	612.05	613.90	622.40	610.10	0.675 times
26 Fri Jul 2024	609.50	592.00	619.60	591.95	1.921 times
25 Thu Jul 2024	590.35	589.35	612.55	588.00	1.288 times
24 Wed Jul 2024	589.35	581.85	592.80	580.65	0.494 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 571.4, for a target of 584.8 or 595.91

Share price targets for Rhi Magnesita (RHIM)

Target Type	Value
Downside Target	556.90
Downside Target	568.10
Upside Target	590.20
Upside Target	610.85
Upside Target	622.40
Upside Target	624.90
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	564.27
Downside Intraday Target	554.33
Upside Intraday Target	590.07
Upside Intraday Target	605.93
Upside Intraday Target	580.13

Weekly technical analysis of Rhi Magnesita (RHIM)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	574.20	596.00	596.00	570.20	0.274 times
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

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
06 Tue Aug 2024	574.20	603.65	610.85	570.20	0.111 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 to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 but buying is losing 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 599.1 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.