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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 2024-09-20 View latest technical analysis

10 day averaged volume of Globe Textiles is 2234583

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	5.40	5.20	5.40	4.90	1.346 times
19 Thu Sep 2024	5.15	5.36	5.58	5.09	0.748 times
18 Wed Sep 2024	5.36	5.54	5.59	5.26	0.689 times
17 Tue Sep 2024	5.40	5.75	5.75	5.26	0.775 times
16 Mon Sep 2024	5.54	5.99	6.13	5.54	0.915 times
13 Fri Sep 2024	5.84	6.18	6.18	5.59	4.333 times
12 Thu Sep 2024	5.89	5.89	5.89	5.89	0.424 times
11 Wed Sep 2024	5.61	5.61	5.61	5.61	0.375 times
10 Tue Sep 2024	5.35	5.35	5.35	5.35	0.505 times
09 Mon Sep 2024	5.10	4.90	5.10	4.87	0.777 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 5.5 as stoploss in an intra day sell trade for a target of 5.13. However, stock will show a bullish move above 5.5.

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	4.59
Downside Target	4.70
Downside Target	4.87
Downside Target	4.99
Upside Target	5.85
Upside Target	6.13
Upside Target	6.18
Upside Target	6.19

Intraday share price targets for Globe Textiles (GLOBE_BE)

Target Type	Value
Downside Intraday Target	4.82
Downside Intraday Target	4.25
Upside Intraday Target	6.05
Upside Intraday Target	6.71
Upside Intraday Target	5.48

Weekly technical analysis of Globe Textiles (GLOBE_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	5.40	5.99	6.13	4.90	0.697 times
13 Fri Sep 2024	5.84	4.90	6.18	4.87	2.706 times
06 Fri Sep 2024	4.86	4.60	4.96	4.59	1.016 times
30 Fri Aug 2024	4.70	4.72	4.99	4.70	0.536 times
23 Fri Aug 2024	4.63	4.74	4.74	4.44	1.433 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
20 Fri Sep 2024	5.40	4.60	6.18	4.59	1.177 times
30 Fri Aug 2024	4.70	5.85	5.85	4.44	0.891 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

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 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 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 Strong 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. Bears 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 moving up

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 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 5.57 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.