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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 2024-01-15 View latest technical analysis

10 day averaged volume of Globe Textiles is 704522

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	4.45	4.45	4.45	4.45	0.191 times
12 Fri Jan 2024	4.55	4.55	4.55	4.55	0.242 times
11 Thu Jan 2024	4.65	4.65	4.65	4.65	0.163 times
10 Wed Jan 2024	4.75	4.75	4.75	4.75	0.899 times
09 Tue Jan 2024	4.85	4.85	4.85	4.75	1.093 times
08 Mon Jan 2024	4.65	4.60	4.65	4.40	1.827 times
05 Fri Jan 2024	4.45	4.40	4.45	4.25	1.662 times
04 Thu Jan 2024	4.25	4.25	4.25	4.15	1.7 times
03 Wed Jan 2024	4.05	3.95	4.05	3.85	1.341 times
02 Tue Jan 2024	3.90	3.90	3.95	3.85	0.528 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 4.5 as stoploss in an intra day sell trade for a target of 4.18. However, stock will show a bullish move above 4.5.

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	4.45
Downside Intraday Target	4.45
Downside Intraday Target	4.45
Downside Intraday Target	4.45
Downside Intraday Target	4.45

Weekly technical analysis of Globe Textiles (GLOBE_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	4.45	4.45	4.45	4.45	0.045 times
12 Fri Jan 2024	4.55	4.60	4.85	4.40	0.731 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

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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	4.45	3.90	4.85	3.85	0.854 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 neutral. A longer time frame might give a better analysis.

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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Globe Textiles in short term and the buy signal is strong.

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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color 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 4.45 and Globe Textiles (GLOBE_BE) stock is trading below this level. This means that stock is falling with high volumes. 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.