(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)
10 day averaged volume of Rhi Magnesita is 173141
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Wed May 2024 | 670.60 | 669.00 | 672.95 | 660.05 | 0.771 times |
| 21 Tue May 2024 | 662.95 | 659.90 | 667.15 | 651.60 | 0.841 times |
| 20 Mon May 2024 | 658.00 | 662.75 | 664.90 | 651.00 | 0.08 times |
| 17 Fri May 2024 | 660.05 | 650.00 | 664.70 | 644.45 | 0.85 times |
| 16 Thu May 2024 | 648.10 | 645.65 | 652.75 | 637.00 | 2.649 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 658.4, but if it comes below 658.4, then a intra day sell could be more profitable.
If you take a sell trade below 658.4, then use 658.4 as stoploss and 638.88 as target. However if you take a buy trade in stock , then use 658.4 as stoploss and 681.9 as target.
Share price targets for Rhi Magnesita (RHIM)
| Target Type | Value |
| Downside Target | 504.25 |
| Downside Target | 556.90 |
| Downside Target | 568.05 |
| Downside Target | 585.00 |
| Downside Target | 607.15 |
| Downside Target | 630.00 |
| Downside Target | 664.30 |
| Upside Target | 672.95 |
| Upside Target | 688.00 |
| Upside Target | 702.00 |
| Upside Target | 745.00 |
| Upside Target | 815.05 |
Intraday share price targets for Rhi Magnesita (RHIM)
| Target Type | Value |
| Downside Intraday Target | 656.75 |
| Downside Intraday Target | 642.9 |
| Upside Intraday Target | 678.7 |
| Upside Intraday Target | 686.8 |
| Downside Intraday Target | 664.85 |
Weekly technical analysis of Rhi Magnesita (RHIM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Wed May 2024 | 670.60 | 662.75 | 672.95 | 651.00 | 0.26 times |
| 17 Fri May 2024 | 660.05 | 625.00 | 664.70 | 607.15 | 0.765 times |
| 10 Fri May 2024 | 617.75 | 646.80 | 648.60 | 590.20 | 0.897 times |
| 03 Fri May 2024 | 642.85 | 642.00 | 688.00 | 630.00 | 1.301 times |
| 26 Fri Apr 2024 | 641.10 | 644.00 | 664.30 | 636.15 | 0.688 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 |
| 22 Wed May 2024 | 670.60 | 653.00 | 672.95 | 590.20 | 0.424 times |
| 30 Tue Apr 2024 | 650.25 | 558.10 | 688.00 | 556.90 | 1.12 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 |
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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 29, 12, 42 | Buy |
| MACD | 19, 14 | Buy |
| Stochastics | 94 | Buy |
| CCI | 101 | Buy |
| RSI | 53 | Buy |
| OBV | 1414233 | Sell |
| VWAP | 642 | Buy |
| ADL | 0 | Sell |
| ROC | 10 | Buy |
| Force Index | 0 | Sell |
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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 but buying is losing 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 641.68 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.
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