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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 2024-12-04 View latest technical analysis

10 day averaged volume of Rhi Magnesita is 191885

Date	Daily Closing Price	Open	High	Low	Volume
04 Wed Dec 2024	559.90	553.95	563.50	550.00	0.911 times
03 Tue Dec 2024	553.95	519.00	562.90	519.00	5.082 times
02 Mon Dec 2024	521.85	526.75	529.90	516.60	0.311 times
29 Fri Nov 2024	520.80	515.65	524.00	509.40	0.465 times
28 Thu Nov 2024	515.55	531.35	532.90	511.05	0.425 times
27 Wed Nov 2024	529.25	532.15	535.90	525.00	0.312 times
26 Tue Nov 2024	532.15	519.30	536.00	513.20	0.678 times
25 Mon Nov 2024	517.80	519.70	524.75	512.25	0.356 times
22 Fri Nov 2024	510.15	496.50	515.00	490.20	1.328 times
21 Thu Nov 2024	498.80	512.80	512.80	490.00	0.666 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 568.7 as stoploss in an intra day sell trade for a target of 540.34. However, stock will show a bullish move above 568.7.

Share price targets for Rhi Magnesita (RHIM)

Target Type	Value
Downside Target	490.00
Downside Target	509.40
Downside Target	529.90
Downside Target	556.00
Upside Target	569.75
Upside Target	570.20
Upside Target	572.05
Upside Target	599.70
Upside Target	602.75
Upside Target	637.90
Upside Target	640.00
Upside Target	672.00

Intraday share price targets for Rhi Magnesita (RHIM)

Target Type	Value
Downside Intraday Target	529.83
Downside Intraday Target	499.77
Upside Intraday Target	576.73
Upside Intraday Target	593.57
Downside Intraday Target	546.67

Weekly technical analysis of Rhi Magnesita (RHIM)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Wed Dec 2024	559.90	526.75	563.50	516.60	2.82 times
29 Fri Nov 2024	520.80	519.70	536.00	509.40	0.78 times
22 Fri Nov 2024	510.15	525.30	529.90	490.00	0.833 times
14 Thu Nov 2024	528.40	561.00	569.75	513.40	0.754 times
08 Fri Nov 2024	574.90	595.95	599.70	556.00	2.43 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Rhi Magnesita (RHIM)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Wed Dec 2024	559.90	526.75	563.50	516.60	0.477 times
29 Fri Nov 2024	520.80	599.00	602.75	490.00	0.553 times
31 Thu Oct 2024	592.90	606.00	640.00	558.85	1.048 times
30 Mon Sep 2024	606.30	619.50	637.90	572.05	0.314 times

Scroll below to view daily charts

Price has moved up 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 to mid 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 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 BUY. Signal strength is Weak and stock is gaining 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Rhi Magnesita in short term and BUY 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 538.14 and Rhi Magnesita (RHIM) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.