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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 2024-08-12 View latest technical analysis

10 day averaged volume of Rhi Magnesita is 165990

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	592.50	604.95	607.90	590.55	2.409 times
09 Fri Aug 2024	597.65	590.00	604.15	589.95	0.652 times
08 Thu Aug 2024	590.55	590.05	594.30	583.10	0.395 times
07 Wed Aug 2024	590.20	575.10	592.45	575.10	0.594 times
06 Tue Aug 2024	574.20	589.95	593.70	570.20	0.704 times
05 Mon Aug 2024	582.95	596.00	596.00	575.10	1.094 times
02 Fri Aug 2024	599.10	598.10	609.00	594.65	1.502 times
01 Thu Aug 2024	601.00	603.65	610.85	595.05	0.686 times
31 Wed Jul 2024	601.10	610.25	610.25	596.65	2.076 times
30 Tue Jul 2024	608.35	612.05	617.00	600.65	1.399 times

Stock of Rhi Magnesita (RHIM) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, and stock might move down till 584.6 or till 572.6. Use a stoploss of 594.52 and if the stock hits stoploss, then it can shoot up till 604.46

Share price targets for Rhi Magnesita (RHIM)

Target Type	Value
Downside Target	556.90
Downside Target	568.10
Downside Target	590.20
Upside Target	619.60
Upside Target	622.40
Upside Target	624.90
Upside Target	626.15
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	586.07
Downside Intraday Target	579.63
Upside Intraday Target	603.42
Upside Intraday Target	614.33
Upside Intraday Target	596.98

Weekly technical analysis of Rhi Magnesita (RHIM)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	592.50	604.95	607.90	590.55	0.7 times
09 Fri Aug 2024	597.65	596.00	604.15	570.20	0.524 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

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
12 Mon Aug 2024	592.50	603.65	610.85	570.20	0.224 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 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 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 to mid 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 595.43 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.