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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 2024-12-11 View latest technical analysis

10 day averaged volume of Rhi Magnesita is 182954

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Dec 2024	575.15	572.75	578.35	566.00	1.124 times
10 Tue Dec 2024	566.35	559.90	569.90	555.00	0.777 times
09 Mon Dec 2024	559.90	559.10	565.55	554.05	0.443 times
06 Fri Dec 2024	559.05	547.05	564.00	546.05	0.478 times
05 Thu Dec 2024	551.30	562.00	565.80	548.00	0.429 times
04 Wed Dec 2024	559.90	553.95	563.50	550.00	0.956 times
03 Tue Dec 2024	553.95	519.00	562.90	519.00	5.33 times
02 Mon Dec 2024	521.85	526.75	529.90	516.60	0.326 times
29 Fri Nov 2024	520.80	515.65	524.00	509.40	0.488 times
28 Thu Nov 2024	515.55	531.35	532.90	511.05	0.445 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 581.5, for a target of 556.3 or 535.4

Share price targets for Rhi Magnesita (RHIM)

Target Type	Value
Downside Target	490.00
Downside Target	509.40
Downside Target	529.90
Downside Target	554.05
Downside Target	570.20
Downside Target	572.05
Upside Target	578.35
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	560.02
Downside Intraday Target	544.88
Upside Intraday Target	584.32
Upside Intraday Target	593.48
Downside Intraday Target	569.18

Weekly technical analysis of Rhi Magnesita (RHIM)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Dec 2024	575.15	559.10	578.35	554.05	0.312 times
06 Fri Dec 2024	559.05	526.75	565.80	516.60	3.207 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

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
11 Wed Dec 2024	575.15	526.75	578.35	516.60	0.712 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 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 BUY. Signal strength is Strong 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 SELL signal in short term but selling is losing 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 553.89 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.