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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 2024-04-16 View latest technical analysis

10 day averaged volume of Rhi Magnesita is 281812

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	642.10	625.00	648.15	623.10	1.864 times
15 Mon Apr 2024	626.30	595.00	630.40	590.00	0.946 times
12 Fri Apr 2024	618.45	621.00	628.80	614.00	1.492 times
10 Wed Apr 2024	617.05	612.90	624.20	603.10	1.159 times
09 Tue Apr 2024	611.10	610.00	613.80	606.10	0.392 times
08 Mon Apr 2024	612.10	614.00	614.60	600.00	0.886 times
05 Fri Apr 2024	610.35	606.05	613.90	601.30	0.798 times
04 Thu Apr 2024	610.15	601.35	612.70	594.00	1.444 times
03 Wed Apr 2024	598.30	579.75	601.40	576.35	1.029 times
02 Tue Apr 2024	579.75	576.00	590.00	573.05	1.07 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 655.8, for a target of 616 or 582.9

Share price targets for Rhi Magnesita (RHIM)

Target Type	Value
Downside Target	504.25
Downside Target	526.10
Downside Target	548.00
Downside Target	568.05
Downside Target	583.50
Downside Target	613.90
Downside Target	628.80
Upside Target	648.15
Upside Target	702.00
Upside Target	733.70
Upside Target	745.00
Upside Target	815.05
Upside Target	824.00

Intraday share price targets for Rhi Magnesita (RHIM)

Target Type	Value
Downside Intraday Target	605.35
Downside Intraday Target	568.6
Upside Intraday Target	663.5
Upside Intraday Target	684.9
Downside Intraday Target	626.75

Weekly technical analysis of Rhi Magnesita (RHIM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	642.10	595.00	648.15	590.00	0.715 times
12 Fri Apr 2024	618.45	614.00	628.80	600.00	0.767 times
05 Fri Apr 2024	610.35	558.10	613.90	556.90	1.891 times
28 Thu Mar 2024	552.65	567.80	568.70	548.00	0.284 times
22 Fri Mar 2024	570.70	530.85	583.50	526.10	1.645 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
16 Tue Apr 2024	642.10	558.10	648.15	556.90	0.524 times
28 Thu Mar 2024	552.65	575.00	585.00	504.25	0.93 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

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 and the buy signal is strong.

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 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 614.91 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.