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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 2024-01-10 View latest technical analysis

10 day averaged volume of Globe Textiles is 737821

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Jan 2024	4.75	4.75	4.75	4.75	0.858 times
09 Tue Jan 2024	4.85	4.85	4.85	4.75	1.044 times
08 Mon Jan 2024	4.65	4.60	4.65	4.40	1.745 times
05 Fri Jan 2024	4.45	4.40	4.45	4.25	1.587 times
04 Thu Jan 2024	4.25	4.25	4.25	4.15	1.624 times
03 Wed Jan 2024	4.05	3.95	4.05	3.85	1.28 times
02 Tue Jan 2024	3.90	3.90	3.95	3.85	0.504 times
01 Mon Jan 2024	3.95	3.90	3.95	3.90	0.521 times
29 Fri Dec 2023	3.95	3.95	3.95	3.90	0.447 times
28 Thu Dec 2023	3.90	4.00	4.00	3.85	0.611 times

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 4.8, for a target of 4.4 or 4.09

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
Upside Target	4.85
Upside Target	5.75

Intraday share price targets for Globe Textiles (GLOBE_BE)

Target Type	Value
Downside Intraday Target	4.48
Downside Intraday Target	4.22
Upside Intraday Target	4.93
Upside Intraday Target	5.12
Downside Intraday Target	4.67

Weekly technical analysis of Globe Textiles (GLOBE_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Jan 2024	4.75	4.60	4.85	4.40	0.661 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
10 Wed Jan 2024	4.75	3.90	4.85	3.85	0.804 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 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 positive zone. This is a BUY zone

Stock of Globe Textiles is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 4.36 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.