Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-08-29 View latest technical analysis

10 day averaged volume of Globe Textiles is 1206101

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	4.80	4.99	4.99	4.80	2.302 times
28 Wed Aug 2024	4.90	4.90	4.90	4.90	0.418 times
27 Tue Aug 2024	4.81	4.81	4.81	4.81	0.397 times
26 Mon Aug 2024	4.72	4.72	4.72	4.72	0.767 times
23 Fri Aug 2024	4.63	4.63	4.63	4.63	1.487 times
22 Thu Aug 2024	4.54	4.44	4.54	4.44	2.696 times
21 Wed Aug 2024	4.54	4.54	4.55	4.54	1.922 times
20 Tue Aug 2024	4.64	4.64	4.65	4.64	1.651 times
19 Mon Aug 2024	4.74	4.74	4.74	4.74	0.305 times
16 Fri Aug 2024	4.84	4.84	4.84	4.84	0.21 times

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

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 4.6 as stoploss in an intra day buy trade for a target of 5.04. However, stock will show a bearish move below 4.6.

Share price targets for Globe Textiles (GLOBE_BE)

Target Type	Value
Downside Target	3.20
Downside Target	3.70
Downside Target	4.35
Downside Target	4.44
Downside Target	4.72
Upside Target	4.99
Upside Target	5.16
Upside Target	5.26
Upside Target	5.61
Upside Target	5.73
Upside Target	5.85
Upside Target	6.19

Intraday share price targets for Globe Textiles (GLOBE_BE)

Target Type	Value
Downside Intraday Target	4.68
Downside Intraday Target	4.57
Upside Intraday Target	4.95
Upside Intraday Target	5.11
Upside Intraday Target	4.84

Weekly technical analysis of Globe Textiles (GLOBE_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	4.80	4.72	4.99	4.72	0.482 times
23 Fri Aug 2024	4.63	4.74	4.74	4.44	1.433 times
16 Fri Aug 2024	4.84	5.05	5.26	4.84	3.253 times
09 Fri Aug 2024	5.16	5.61	5.61	5.16	0.177 times
02 Fri Aug 2024	5.73	6.19	6.19	5.73	0.662 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
29 Thu Aug 2024	4.80	5.85	5.85	4.44	0.873 times
31 Wed Jul 2024	5.97	4.84	6.19	4.74	1.243 times
19 Fri Apr 2024	3.75	3.65	3.75	3.20	3.72 times
28 Thu Mar 2024	3.70	4.25	4.35	3.70	0.441 times

Scroll below to view daily charts

Price has moved down 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Globe Textiles ( (GLOBE_BE) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 gaining momentum.

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

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 stronger in this stock.

Ichimoku cloud is of green color and prices are in or below 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 and the buying is gaining 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 4.66 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 has given negative 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.