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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 2025-05-22 View latest technical analysis

10 day averaged volume of Globe Textiles is 1359194

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu May 2025	2.40	2.42	2.56	2.32	0.649 times
21 Wed May 2025	2.44	2.41	2.51	2.40	1.493 times
20 Tue May 2025	2.43	2.41	2.49	2.40	1.169 times
19 Mon May 2025	2.38	2.27	2.38	2.26	0.808 times
16 Fri May 2025	2.27	2.36	2.43	2.21	1.375 times
15 Thu May 2025	2.33	2.37	2.40	2.32	0.482 times
14 Wed May 2025	2.33	2.34	2.35	2.30	0.457 times
13 Tue May 2025	2.33	2.31	2.35	2.24	2.18 times
12 Mon May 2025	2.24	2.24	2.24	2.15	0.689 times
09 Fri May 2025	2.14	2.20	2.20	2.08	0.913 times

My analysis of stock is bullish for shortterm, and stock might move up till 2.5 or till 2.7. Use a stoploss of 2.37 and if this stock hits its stoploss, then it can fall down till 2.22

Share price targets for Globe Textiles (GLOBE_BE)

Target Type	Value
Downside Target	2.08
Downside Target	2.15
Downside Target	2.26
Downside Target	2.35
Upside Target	2.50
Upside Target	2.56
Upside Target	2.66
Upside Target	2.88
Upside Target	2.94
Upside Target	3.00
Upside Target	4.58
Upside Target	4.59
Upside Target	5.53
Upside Target	6.24

Intraday share price targets for Globe Textiles (GLOBE_BE)

Target Type	Value
Downside Intraday Target	2.25
Downside Intraday Target	2.11
Upside Intraday Target	2.55
Upside Intraday Target	2.71
Upside Intraday Target	2.41

Weekly technical analysis of Globe Textiles (GLOBE_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu May 2025	2.40	2.27	2.56	2.26	0.795 times
16 Fri May 2025	2.27	2.24	2.43	2.15	0.881 times
09 Fri May 2025	2.14	2.38	2.42	2.08	2.154 times
02 Fri May 2025	2.39	2.59	2.66	2.35	0.796 times
25 Fri Apr 2025	2.58	2.88	2.88	2.50	2.725 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
22 Thu May 2025	2.40	2.46	2.56	2.08	1.429 times
30 Wed Apr 2025	2.45	2.45	2.94	2.44	2.842 times
28 Fri Mar 2025	2.43	3.00	3.00	2.39	0.576 times
18 Fri Oct 2024	5.00	5.35	5.53	4.58	0.219 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Globe Textiles ( (GLOBE_BE) ) based on a mid to longer 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.

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 but the buy signal is initial and weak.

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 red color and prices are in or above the red 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 SELL signal in short term but selling 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 2.33 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.