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(Rrmetal) Rrmetal complete technical analysis [charts+indicators] | Buy/Sell Rrmetal | (Rrmetal) share price targets

Complete technical analysis of Rrmetal (Rrmetal) by charts plus indicators, forecast predictions and share price targets for Rrmetal (Rrmetal)

Showing technical analysis as on 2023-02-02 View latest technical analysis

10 day averaged volume of Rrmetal is 2404

Date Daily Closing Price Open High Low Volume
02 Thu Feb 2023 25.90 27.10 27.10 25.75 0.577 times
01 Wed Feb 2023 27.10 27.00 28.30 26.75 2.326 times
31 Tue Jan 2023 28.00 28.00 28.00 26.80 0.12 times
30 Mon Jan 2023 28.00 28.50 28.50 26.40 0.634 times
27 Fri Jan 2023 27.55 28.00 28.00 26.00 1.851 times
25 Wed Jan 2023 27.35 28.20 28.20 27.30 0.28 times
24 Tue Jan 2023 28.20 28.55 29.55 28.00 1.58 times
23 Mon Jan 2023 28.85 30.75 30.75 28.55 0.935 times
20 Fri Jan 2023 29.50 29.05 30.00 29.05 0.635 times
19 Thu Jan 2023 29.25 28.85 30.50 28.70 0.946 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 25.9, for a target of 27.5 or 28.76

Share price targets for Rrmetal (Rrmetal)

Target Type Value
Downside Target 25.75
Upside Target 27.05
Upside Target 28.20
Upside Target 30.75
Upside Target 30.80
Upside Target 31.15
Upside Target 31.65
Upside Target 31.70
Upside Target 34.00
Upside Target 36.75
Upside Target 37.75

Intraday share price targets for Rrmetal (Rrmetal)

Target Type Value
Downside Intraday Target 24.93
Downside Intraday Target 23.97
Upside Intraday Target 27.68
Upside Intraday Target 29.47
Upside Intraday Target 26.72

Weekly technical analysis of Rrmetal (Rrmetal)

Date Weekly Closing Price Open High Low Volume
02 Thu Feb 2023 25.90 28.50 28.50 25.75 0.787 times
27 Fri Jan 2023 27.55 30.75 30.75 26.00 1.134 times
20 Fri Jan 2023 29.50 31.65 31.65 28.45 0.711 times
13 Fri Jan 2023 31.00 29.90 31.70 28.20 1.099 times
06 Fri Jan 2023 28.75 30.80 30.80 27.05 3.374 times

Price has moved down 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 Rrmetal (Rrmetal)

Date Monthly Closing Price Open High Low Volume
02 Thu Feb 2023 25.90 27.00 28.30 25.75 0.142 times
31 Tue Jan 2023 28.00 30.80 31.70 26.00 0.934 times
30 Fri Dec 2022 30.20 33.35 34.00 28.55 1.089 times
30 Wed Nov 2022 31.90 33.25 37.75 31.15 6.068 times

Scroll below to view daily charts

Price has moved down 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 Rrmetal (Rrmetal)

Indicator Name Indicator Value Indicator Signal
ADX 12, 21, 29 Sell
MACD -2, -2Sell
Stochastics 21Sell
CCI -128Sell
RSI 42Sell
OBV -7570Sell
VWAP 28Sell
ADL 0Sell
ROC -13Sell
Force Index 0Sell

Price action analysis of Rrmetal ( (Rrmetal) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Rrmetal ( (Rrmetal) ) 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 Rrmetal ( (Rrmetal) ) 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 Rrmetal ( (Rrmetal) ) 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 Rrmetal stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Rrmetal in short term and the sell signal is strong.

Rrmetal Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Rrmetal in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 Rrmetal is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 27.89 and Rrmetal (Rrmetal) 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 Rrmetal (Rrmetal) stock. Volume based technical analysis of Rrmetal (Rrmetal) stock is negative.

Rrmetal 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.

Click here for Rrmetal charts

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Daily charts

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Daily chart

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