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

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

Showing technical analysis as on 2024-01-08 View latest technical analysis

10 day averaged volume of Globe Textiles is 602170

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	4.65	4.60	4.65	4.40	2.138 times
05 Fri Jan 2024	4.45	4.40	4.45	4.25	1.944 times
04 Thu Jan 2024	4.25	4.25	4.25	4.15	1.989 times
03 Wed Jan 2024	4.05	3.95	4.05	3.85	1.568 times
02 Tue Jan 2024	3.90	3.90	3.95	3.85	0.618 times
01 Mon Jan 2024	3.95	3.90	3.95	3.90	0.638 times
29 Fri Dec 2023	3.95	3.95	3.95	3.90	0.547 times
28 Thu Dec 2023	3.90	4.00	4.00	3.85	0.749 times
27 Wed Dec 2023	3.95	3.95	4.00	3.95	0.782 times
26 Tue Dec 2023	3.95	3.95	3.95	3.85	0.547 times

Stock of Globe Textiles (GLOBE_BE) has showed a significant upmove. This could be a good time to enter in this stock!

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 4.5, for a target of 4.2 or 4

Share price targets for Globe Textiles (GLOBE_BE)

Target Type	Value
Downside Target	2.75
Downside Target	3.20
Downside Target	3.65
Downside Target	3.75
Downside Target	3.85
Downside Target	4.10
Downside Target	4.25
Downside Target	4.40
Downside Target	4.45
Downside Target	4.65
Upside Target	5.75

Intraday share price targets for Globe Textiles (GLOBE_BE)

Target Type	Value
Downside Intraday Target	4.48
Downside Intraday Target	4.32
Upside Intraday Target	4.73
Upside Intraday Target	4.82
Downside Intraday Target	4.57

Weekly technical analysis of Globe Textiles (GLOBE_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	4.65	4.60	4.65	4.40	0.316 times
05 Fri Jan 2024	4.45	3.90	4.45	3.85	2.575 times
29 Fri Dec 2023	3.95	3.95	4.00	3.85	0.778 times
22 Fri Dec 2023	3.85	3.95	3.95	3.65	1.035 times
15 Fri Dec 2023	3.90	3.90	4.05	3.85	0.816 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	4.65	3.90	4.65	3.85	0.637 times
29 Fri Dec 2023	3.95	4.10	4.10	3.65	1.263 times
30 Thu Nov 2023	4.00	4.10	4.25	3.90	0.775 times
31 Tue Oct 2023	4.10	5.75	5.75	3.75	3.1 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_BE)

Price action analysis of Globe Textiles ( (GLOBE_BE) ) 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_BE) ) 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_BE) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Globe Textiles stock for short term is BUY. Signal strength is Strong and stock is gaining 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 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 and the buying is gaining 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 4.22 and Globe Textiles (GLOBE_BE) 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_BE) stock. Volume based technical analysis of Globe Textiles (GLOBE_BE) 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.