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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 2024-12-05 View latest technical analysis

10 day averaged volume of Rhi Magnesita is 202128

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Dec 2024	551.30	562.00	565.80	548.00	0.389 times
04 Wed Dec 2024	559.90	553.95	563.50	550.00	0.865 times
03 Tue Dec 2024	553.95	519.00	562.90	519.00	4.825 times
02 Mon Dec 2024	521.85	526.75	529.90	516.60	0.295 times
29 Fri Nov 2024	520.80	515.65	524.00	509.40	0.441 times
28 Thu Nov 2024	515.55	531.35	532.90	511.05	0.403 times
27 Wed Nov 2024	529.25	532.15	535.90	525.00	0.296 times
26 Tue Nov 2024	532.15	519.30	536.00	513.20	0.643 times
25 Mon Nov 2024	517.80	519.70	524.75	512.25	0.338 times
22 Fri Nov 2024	510.15	496.50	515.00	490.20	1.261 times

My analysis of stock is bullish for shortterm, and stock might move up till 565.5 or till 597.5. Use a stoploss of 538.72 and if this stock hits its stoploss, then it can fall down till 511.99

Share price targets for Rhi Magnesita (RHIM)

Target Type	Value
Downside Target	490.00
Downside Target	509.40
Downside Target	529.90
Upside 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	523.33
Downside Intraday Target	495.37
Upside Intraday Target	572.53
Upside Intraday Target	593.77
Downside Intraday Target	544.57

Weekly technical analysis of Rhi Magnesita (RHIM)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Dec 2024	551.30	526.75	565.80	516.60	3.003 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
05 Thu Dec 2024	551.30	526.75	565.80	516.60	0.508 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 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 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 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 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 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 541.22 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.