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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 2024-08-08 View latest technical analysis

10 day averaged volume of Rhi Magnesita is 219461

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	590.55	590.05	594.30	583.10	0.299 times
07 Wed Aug 2024	590.20	575.10	592.45	575.10	0.449 times
06 Tue Aug 2024	574.20	589.95	593.70	570.20	0.532 times
05 Mon Aug 2024	582.95	596.00	596.00	575.10	0.828 times
02 Fri Aug 2024	599.10	598.10	609.00	594.65	1.136 times
01 Thu Aug 2024	601.00	603.65	610.85	595.05	0.519 times
31 Wed Jul 2024	601.10	610.25	610.25	596.65	1.571 times
30 Tue Jul 2024	608.35	612.05	617.00	600.65	1.058 times
29 Mon Jul 2024	612.05	613.90	622.40	610.10	0.679 times
26 Fri Jul 2024	609.50	592.00	619.60	591.95	1.933 times

My analysis of stock is bearish for shortterm, and stock might move down till 583.8 or till 571.4. Use a stoploss of 594.1 and if the stock hits stoploss, then it can shoot up till 604.42

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	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	575.17
Downside Intraday Target	559.78
Upside Intraday Target	600.97
Upside Intraday Target	611.38
Downside Intraday Target	585.58

Weekly technical analysis of Rhi Magnesita (RHIM)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	590.55	596.00	596.00	570.20	0.425 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
08 Thu Aug 2024	590.55	603.65	610.85	570.20	0.139 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 Strong 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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

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 600.17 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.