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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)

Showing technical analysis as on 2024-04-25 View latest technical analysis

10 day averaged volume of Globe Textiles is 5127041

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	3.40	3.50	3.50	3.40	1.759 times
24 Wed Apr 2024	3.55	3.70	3.80	3.55	2.598 times
23 Tue Apr 2024	3.70	3.75	3.75	3.65	0.237 times
22 Mon Apr 2024	3.75	3.80	3.90	3.70	0.42 times
29 Fri Sep 2023	5.75	5.90	5.90	5.65	0.486 times
28 Thu Sep 2023	5.65	6.00	6.00	5.25	1.542 times
27 Wed Sep 2023	5.75	5.25	5.85	5.10	2.529 times
26 Tue Sep 2023	4.95	4.40	5.05	4.30	1.131 times
25 Mon Sep 2023	4.30	4.45	4.45	4.10	0.172 times
22 Fri Sep 2023	4.30	4.30	4.40	4.10	0.234 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 3.3 as stoploss in an intra day buy trade for a target of 4.16. However, stock will show a bearish move below 3.3.

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
Downside Target	3.40
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	3.23
Downside Intraday Target	3.07
Upside Intraday Target	3.73
Upside Intraday Target	4.07
Upside Intraday Target	3.57

Weekly technical analysis of Globe Textiles (GLOBE)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	3.40	3.80	3.90	3.40	0.856 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
25 Thu Apr 2024	3.40	3.80	3.90	3.40	0.499 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 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) ) 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 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 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 4.6 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.