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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 2024-04-09 View latest technical analysis

10 day averaged volume of Globe Textiles is 986817

Date Daily Closing Price Open High Low Volume
09 Tue Apr 2024 3.30 3.30 3.45 3.30 3.78 times
08 Mon Apr 2024 3.45 3.45 3.60 3.45 8.469 times
05 Fri Apr 2024 3.60 3.60 3.60 3.60 0.313 times
04 Thu Apr 2024 3.65 3.70 3.70 3.65 0.163 times
03 Wed Apr 2024 3.65 3.55 3.65 3.55 0.575 times
02 Tue Apr 2024 3.60 3.60 3.60 3.60 0.055 times
01 Mon Apr 2024 3.65 3.65 3.65 3.65 0.051 times
28 Thu Mar 2024 3.70 3.70 3.70 3.70 0.034 times
27 Wed Mar 2024 3.75 3.75 3.75 3.75 0.244 times
26 Tue Mar 2024 3.80 3.85 3.85 3.80 0.057 times

Stock of Globe Textiles (GLOBE_BE) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 3.3, for a target of 3.6 or 3.85

Share price targets for Globe Textiles (GLOBE_BE)

Target Type Value
Downside Target 3.30
Upside Target 3.55
Upside Target 3.85
Upside Target 4.05
Upside Target 4.10
Upside Target 4.30
Upside Target 4.35
Upside Target 4.75
Upside Target 4.85

Intraday share price targets for Globe Textiles (GLOBE_BE)

Target Type Value
Downside Intraday Target 3.2
Downside Intraday Target 3.1
Upside Intraday Target 3.5
Upside Intraday Target 3.7
Upside Intraday Target 3.4

Weekly technical analysis of Globe Textiles (GLOBE_BE)

Date Weekly Closing Price Open High Low Volume
09 Tue Apr 2024 3.30 3.45 3.60 3.30 10.577 times
05 Fri Apr 2024 3.60 3.65 3.70 3.55 3.462 times
28 Thu Mar 2024 3.70 3.85 3.85 3.70 0.759 times
22 Fri Mar 2024 3.85 4.05 4.05 3.85 0.279 times
15 Fri Mar 2024 4.10 4.30 4.30 4.10 0.415 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Globe Textiles (GLOBE_BE)

Date Monthly Closing Price Open High Low Volume
09 Tue Apr 2024 3.30 3.65 3.70 3.30 2.167 times
28 Thu Mar 2024 3.70 4.25 4.35 3.70 0.441 times
29 Thu Feb 2024 4.30 4.00 4.75 3.75 1.43 times
31 Wed Jan 2024 4.00 3.90 4.85 3.85 1.152 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 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_BE) ) 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_BE) ) based on a short to mid 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 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 gaining momentum.

MACD generated a SELL signal for Globe Textiles in short term and the sell signal is strong.

Globe Textiles Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Globe Textiles in short term and SELL 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

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 3.43 and Globe Textiles (GLOBE_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 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.

Price action analysis of Globe Textiles ( (GLOBE_BE) ) 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_BE) ) 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_BE) ) based on a short to mid 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 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 gaining momentum.

MACD generated a SELL signal for Globe Textiles in short term and the sell signal is strong.

Globe Textiles Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Globe Textiles in short term and SELL 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

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 3.43 and Globe Textiles (GLOBE_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 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.

Click here for Globe Textiles charts

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Daily charts

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