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(GLOBE) Globe Textiles complete technical analysis [charts+indicators] | Buy/Sell Globe Textiles | (GLOBE) share price targets

Complete technical analysis of Globe Textiles (GLOBE) by charts plus indicators, forecast predictions and share price targets for Globe Textiles (GLOBE)

10 day averaged volume of Globe Textiles is 5695959

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	3.55	3.40	3.55	3.30	0.722 times
25 Thu Apr 2024	3.40	3.50	3.50	3.40	1.584 times
24 Wed Apr 2024	3.55	3.70	3.80	3.55	2.339 times
23 Tue Apr 2024	3.70	3.75	3.75	3.65	0.213 times
22 Mon Apr 2024	3.75	3.80	3.90	3.70	0.378 times
29 Fri Sep 2023	5.75	5.90	5.90	5.65	0.438 times
28 Thu Sep 2023	5.65	6.00	6.00	5.25	1.388 times
27 Wed Sep 2023	5.75	5.25	5.85	5.10	2.276 times
26 Tue Sep 2023	4.95	4.40	5.05	4.30	1.018 times
25 Mon Sep 2023	4.30	4.45	4.45	4.10	0.155 times

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 3.4 as stoploss in an intra day buy trade for a target of 4.19. However, stock will show a bearish move below 3.4.

Share price targets for Globe Textiles (GLOBE)

Target Type	Value
Downside Target	2.35
Downside Target	2.80
Downside Target	3.05
Downside Target	3.20
Upside Target	3.90
Upside Target	4.10
Upside Target	4.30
Upside Target	4.90
Upside Target	6.00

Intraday share price targets for Globe Textiles (GLOBE)

Target Type	Value
Downside Intraday Target	3.27
Downside Intraday Target	2.98
Upside Intraday Target	3.87
Upside Intraday Target	4.18
Upside Intraday Target	3.58

Weekly technical analysis of Globe Textiles (GLOBE)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	3.55	3.80	3.90	3.30	0.992 times
29 Fri Sep 2023	5.75	4.45	6.00	4.10	3.156 times
22 Fri Sep 2023	4.30	4.25	4.90	4.10	0.797 times
15 Fri Sep 2023	4.10	3.25	4.30	3.25	14.535 times
06 Tue Jun 2023	2.95	2.95	2.95	2.90	0.302 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)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	3.55	3.80	3.90	3.30	0.579 times
29 Fri Sep 2023	5.75	3.25	6.00	3.25	26.476 times
06 Tue Jun 2023	2.95	2.90	2.95	2.85	0.221 times
31 Wed May 2023	2.90	2.95	3.05	2.80	1.045 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)

Price action analysis of Globe Textiles ( (GLOBE) ) 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) ) 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) ) 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Globe Textiles in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 4.53 and Globe Textiles (GLOBE) 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) stock. Volume based technical analysis of Globe Textiles (GLOBE) 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.