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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 2024-07-18 View latest technical analysis

10 day averaged volume of Globe Textiles is 10006193

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Jul 2024	4.77	5.08	5.08	4.77	1.236 times
16 Tue Jul 2024	5.03	4.67	5.06	4.60	1.642 times
15 Mon Jul 2024	4.60	4.71	4.71	4.55	0.657 times
12 Fri Jul 2024	4.42	4.48	4.60	4.29	0.725 times
11 Thu Jul 2024	4.35	4.30	4.48	4.23	0.948 times
10 Wed Jul 2024	4.14	3.84	4.14	3.65	0.772 times
09 Tue Jul 2024	3.77	4.06	4.24	3.66	0.962 times
08 Mon Jul 2024	4.06	4.33	4.38	3.90	1.442 times
05 Fri Jul 2024	3.99	3.72	3.99	3.65	1.571 times
04 Thu Jul 2024	3.63	3.50	3.74	3.43	0.943 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 4.4, but if it comes below 4.4, then a intra day sell could be more profitable.
If you take a sell trade below 4.4, then use 4.4 as stoploss and 3.8 as target. However if you take a buy trade in stock , then use 4.4 as stoploss and 5 as target.

Share price targets for Globe Textiles (GLOBE)

Target Type	Value
Downside Target	2.70
Downside Target	2.85
Downside Target	3.17
Downside Target	3.25
Downside Target	3.42
Downside Target	3.57
Downside Target	3.65
Downside Target	3.80
Downside Target	3.90
Downside Target	3.99
Downside Target	4.55
Downside Target	4.60
Upside Target	5.08
Upside Target	6.00

Intraday share price targets for Globe Textiles (GLOBE)

Target Type	Value
Downside Intraday Target	4.52
Downside Intraday Target	4.27
Upside Intraday Target	5.05
Upside Intraday Target	5.33
Upside Intraday Target	4.8

Weekly technical analysis of Globe Textiles (GLOBE)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Jul 2024	4.77	4.71	5.08	4.55	0.729 times
12 Fri Jul 2024	4.42	4.33	4.60	3.65	1.376 times
05 Fri Jul 2024	3.99	3.39	3.99	3.29	1.5 times
28 Fri Jun 2024	3.32	3.30	3.57	3.17	0.827 times
21 Fri Jun 2024	3.25	3.28	3.42	2.88	0.999 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 Globe Textiles (GLOBE)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Thu Jul 2024	4.77	3.39	5.08	3.29	1.204 times
28 Fri Jun 2024	3.32	3.05	3.57	2.70	1.559 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

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 Globe Textiles (GLOBE)

Price action analysis of Globe Textiles ( (GLOBE) ) 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 Globe Textiles ( (GLOBE) ) 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 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 Strong and stock is losing momentum.

MACD generated a BUY signal for Globe Textiles 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.

Globe Textiles Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Globe Textiles in short term but SELL signal is weak.

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 4.3 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 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.