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

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

Showing technical analysis as on 2024-06-13 View latest technical analysis

10 day averaged volume of Globe Textiles is 3305322

Date	Daily Closing Price	Open	High	Low	Volume
13 Thu Jun 2024	2.95	2.83	3.02	2.80	1.352 times
12 Wed Jun 2024	2.81	2.83	2.83	2.74	1.101 times
11 Tue Jun 2024	2.79	2.86	2.95	2.79	1.787 times
10 Mon Jun 2024	2.86	3.15	3.15	2.82	1.084 times
07 Fri Jun 2024	2.95	2.70	2.95	2.70	0.751 times
06 Thu Jun 2024	2.70	2.90	2.95	2.70	1.464 times
05 Wed Jun 2024	2.85	3.00	3.00	2.85	1.809 times
04 Tue Jun 2024	3.00	3.05	3.05	2.90	1.165 times
03 Mon Jun 2024	3.00	3.05	3.10	2.95	0.426 times
31 Fri May 2024	3.00	3.05	3.05	2.95	0.224 times

My analysis of stock is bearish for shortterm, and stock might move down till 2.8 or till 2.7. Use a stoploss of 2.97 and if the stock hits stoploss, then it can shoot up till 3.1

Share price targets for Globe Textiles (GLOBE)

Target Type	Value
Downside Target	2.70
Downside Target	2.85
Downside Target	2.95
Upside Target	3.10
Upside Target	3.15
Upside Target	3.25
Upside Target	3.30
Upside Target	3.40
Upside Target	3.80
Upside Target	3.90
Upside Target	6.00

Intraday share price targets for Globe Textiles (GLOBE)

Target Type	Value
Downside Intraday Target	2.74
Downside Intraday Target	2.54
Upside Intraday Target	3.15
Upside Intraday Target	3.36
Downside Intraday Target	2.95

Weekly technical analysis of Globe Textiles (GLOBE)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Thu Jun 2024	2.95	3.15	3.15	2.74	0.948 times
07 Fri Jun 2024	2.95	3.05	3.10	2.70	2.144 times
31 Fri May 2024	3.00	3.05	3.10	2.95	0.486 times
24 Fri May 2024	2.95	3.30	3.30	2.85	0.889 times
18 Sat May 2024	3.25	3.25	3.40	2.95	1.442 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 Globe Textiles (GLOBE)

Date	Monthly Closing Price	Open	High	Low	Volume
13 Thu Jun 2024	2.95	3.05	3.15	2.70	0.569 times
31 Fri May 2024	3.00	3.55	3.80	2.85	1.783 times
30 Tue Apr 2024	3.50	3.80	3.90	3.30	0.691 times
29 Fri Sep 2023	5.75	3.25	6.00	3.25	26.476 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 Globe Textiles (GLOBE)

Price action analysis of Globe Textiles ( (GLOBE) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Globe Textiles ( (GLOBE) ) 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 Globe Textiles ( (GLOBE) ) 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 Globe Textiles ( (GLOBE) ) 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 Globe Textiles stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Globe Textiles 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.

Globe Textiles 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Globe Textiles 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 Globe Textiles is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.86 and Globe Textiles (GLOBE) 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 Globe Textiles (GLOBE) stock. Volume based technical analysis of Globe Textiles (GLOBE) stock is negative.

Globe Textiles 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.