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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 2024-12-18 View latest technical analysis

10 day averaged volume of Rhi Magnesita is 119493

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Dec 2024	549.95	548.35	579.70	546.05	7.965 times
17 Tue Dec 2024	548.35	550.50	555.50	545.00	1.338 times
16 Mon Dec 2024	553.15	557.85	564.45	550.10	0.535 times
13 Fri Dec 2024	557.85	553.00	562.00	543.20	1.301 times
12 Thu Dec 2024	558.10	575.95	576.50	554.85	0.383 times
11 Wed Dec 2024	575.15	572.75	578.35	566.00	1.721 times
10 Tue Dec 2024	566.35	559.90	569.90	555.00	1.189 times
09 Mon Dec 2024	559.90	559.10	565.55	554.05	0.679 times
06 Fri Dec 2024	559.05	547.05	564.00	546.05	0.732 times
05 Thu Dec 2024	551.30	562.00	565.80	548.00	0.658 times

Stock of Rhi Magnesita (RHIM) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, and stock might move up till 563 or till 588.3. Use a stoploss of 541.97 and if this stock hits its stoploss, then it can fall down till 520.91

Share price targets for Rhi Magnesita (RHIM)

Target Type	Value
Downside Target	490.00
Downside Target	509.40
Downside Target	529.90
Upside Target	558.85
Upside Target	572.05
Upside Target	578.35
Upside Target	579.70
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	536.73
Downside Intraday Target	523.52
Upside Intraday Target	571.43
Upside Intraday Target	592.92
Upside Intraday Target	558.22

Weekly technical analysis of Rhi Magnesita (RHIM)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Dec 2024	549.95	557.85	579.70	545.00	1.866 times
13 Fri Dec 2024	557.85	559.10	578.35	543.20	0.458 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

Price has moved down 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
18 Wed Dec 2024	549.95	526.75	579.70	516.60	1.255 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 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 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 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 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.

Rhi Magnesita Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears 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 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 555.41 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.