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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 2024-10-22 View latest technical analysis

10 day averaged volume of Rhi Magnesita is 258706

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	577.70	591.25	592.10	571.50	0.577 times
21 Mon Oct 2024	593.05	610.00	611.30	589.95	0.509 times
18 Fri Oct 2024	605.70	613.80	614.20	594.95	0.457 times
17 Thu Oct 2024	608.80	628.70	628.70	606.00	0.551 times
16 Wed Oct 2024	628.30	628.95	631.00	613.70	0.998 times
15 Tue Oct 2024	625.80	600.45	640.00	595.55	3.34 times
14 Mon Oct 2024	599.50	597.00	606.95	592.00	1.16 times
11 Fri Oct 2024	596.25	588.80	598.20	585.45	0.505 times
10 Thu Oct 2024	587.30	590.90	605.20	584.70	0.579 times
09 Wed Oct 2024	589.55	592.05	606.40	588.25	0.474 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 573, for a target of 590.8 or 605.57

Share price targets for Rhi Magnesita (RHIM)

Target Type	Value
Downside Target	568.10
Upside Target	589.30
Upside Target	626.15
Upside Target	626.25
Upside Target	637.90
Upside Target	640.00
Upside Target	657.25
Upside Target	672.00
Upside Target	730.00

Intraday share price targets for Rhi Magnesita (RHIM)

Target Type	Value
Downside Intraday Target	562.37
Downside Intraday Target	547.03
Upside Intraday Target	602.17
Upside Intraday Target	626.63
Upside Intraday Target	586.83

Weekly technical analysis of Rhi Magnesita (RHIM)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	577.70	610.00	611.30	571.50	0.167 times
18 Fri Oct 2024	605.70	597.00	640.00	592.00	1.497 times
11 Fri Oct 2024	596.25	615.00	620.85	576.90	1.34 times
04 Fri Oct 2024	604.65	617.75	626.25	600.80	0.514 times
27 Fri Sep 2024	608.75	599.90	637.90	589.30	1.766 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
22 Tue Oct 2024	577.70	606.00	640.00	571.50	0.873 times
30 Mon Sep 2024	606.30	619.50	637.90	572.05	0.314 times
30 Fri Aug 2024	613.40	603.65	672.00	570.20	2.34 times
31 Wed Jul 2024	601.10	639.95	657.25	568.10	1.324 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 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 mid to longer 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

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 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

Stock of Rhi Magnesita is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 609.91 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 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.