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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 2024-03-22 View latest technical analysis

10 day averaged volume of Rhi Magnesita is 389915

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	570.70	555.00	583.50	549.50	1.876 times
21 Thu Mar 2024	555.05	549.95	564.80	547.30	0.624 times
20 Wed Mar 2024	548.95	551.55	562.95	544.30	1.212 times
19 Tue Mar 2024	551.50	532.75	555.00	527.10	1.169 times
18 Mon Mar 2024	532.70	530.85	542.25	526.10	2.019 times
15 Fri Mar 2024	528.25	517.75	537.95	514.70	0.793 times
14 Thu Mar 2024	520.90	513.65	528.95	509.05	0.542 times
13 Wed Mar 2024	512.80	535.15	537.70	504.25	1.119 times
12 Tue Mar 2024	532.15	538.05	543.90	520.00	1.129 times
11 Mon Mar 2024	542.70	562.85	566.85	539.95	0.612 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 575.9 as stoploss in an intra day sell trade for a target of 555.4. However, stock will show a bullish move above 575.9.

Share price targets for Rhi Magnesita (RHIM)

Target Type	Value
Downside Target	504.25
Downside Target	526.10
Downside Target	544.00
Downside Target	566.85
Upside Target	582.35
Upside Target	639.60
Upside Target	668.50
Upside Target	702.00
Upside Target	733.70
Upside Target	745.00
Upside Target	775.50
Upside Target	815.05
Upside Target	824.00

Intraday share price targets for Rhi Magnesita (RHIM)

Target Type	Value
Downside Intraday Target	536.7
Downside Intraday Target	502.7
Upside Intraday Target	594.1
Upside Intraday Target	617.5
Downside Intraday Target	560.1

Weekly technical analysis of Rhi Magnesita (RHIM)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	570.70	530.85	583.50	526.10	1.645 times
15 Fri Mar 2024	528.25	562.85	566.85	504.25	1.501 times
07 Thu Mar 2024	557.30	578.00	582.35	544.00	0.483 times
02 Sat Mar 2024	578.10	594.35	599.60	568.05	1.777 times
23 Fri Feb 2024	594.35	618.05	639.60	592.75	0.743 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
22 Fri Mar 2024	570.70	575.00	585.00	504.25	0.818 times
29 Thu Feb 2024	570.55	723.05	745.00	568.05	2.654 times
31 Wed Jan 2024	724.85	803.00	815.05	702.00	0.459 times
29 Fri Dec 2023	805.25	770.50	824.00	733.70	1.26 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 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 BUY. Signal strength is Weak and stock is losing 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 and the buying is gaining 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 541.73 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.