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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 2024-10-28 View latest technical analysis

10 day averaged volume of Rhi Magnesita is 238779

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	570.55	566.40	575.95	558.85	0.403 times
25 Fri Oct 2024	566.45	575.10	577.95	559.10	0.518 times
24 Thu Oct 2024	575.95	579.45	603.70	572.40	0.886 times
23 Wed Oct 2024	579.45	577.30	586.75	569.25	0.371 times
22 Tue Oct 2024	577.70	591.25	592.10	571.50	0.626 times
21 Mon Oct 2024	593.05	610.00	611.30	589.95	0.551 times
18 Fri Oct 2024	605.70	613.80	614.20	594.95	0.495 times
17 Thu Oct 2024	608.80	628.70	628.70	606.00	0.597 times
16 Wed Oct 2024	628.30	628.95	631.00	613.70	1.081 times
15 Tue Oct 2024	625.80	600.45	640.00	595.55	3.618 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 578.9, but if it comes above 578.9, then a intra day buy could be more profitable.
If you take a sell trade below 578.9, then use 578.9 as stoploss and 557.7 as target. However if you take a buy trade in stock , then use 578.9 as stoploss and 596.56 as target.

Share price targets for Rhi Magnesita (RHIM)

Target Type	Value
Downside Target	558.85
Upside Target	592.00
Upside Target	620.85
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	560.95
Downside Intraday Target	551.35
Upside Intraday Target	578.05
Upside Intraday Target	585.55
Downside Intraday Target	568.45

Weekly technical analysis of Rhi Magnesita (RHIM)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	570.55	566.40	575.95	558.85	0.137 times
25 Fri Oct 2024	566.45	610.00	611.30	559.10	0.419 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

Price has moved up 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
28 Mon Oct 2024	570.55	606.00	640.00	558.85	0.992 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 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 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 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 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 SELL signal in short term and selling is picking up 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 606.13 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.