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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 2024-04-05 View latest technical analysis

10 day averaged volume of Globe Textiles is 141897

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	3.60	3.60	3.60	3.60	2.178 times
04 Thu Apr 2024	3.65	3.70	3.70	3.65	1.135 times
03 Wed Apr 2024	3.65	3.55	3.65	3.55	4.001 times
02 Tue Apr 2024	3.60	3.60	3.60	3.60	0.384 times
01 Mon Apr 2024	3.65	3.65	3.65	3.65	0.355 times
28 Thu Mar 2024	3.70	3.70	3.70	3.70	0.236 times
27 Wed Mar 2024	3.75	3.75	3.75	3.75	1.697 times
26 Tue Mar 2024	3.80	3.85	3.85	3.80	0.394 times
22 Fri Mar 2024	3.85	3.85	3.85	3.85	0.268 times
21 Thu Mar 2024	3.90	3.90	3.90	3.90	0.688 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 trade for tomorrow is selective. Take a sell trade only if stock stays below 3.7, but if it comes above 3.7, then a intra day buy could be more profitable.
If you take a sell trade below 3.7, then use 3.7 as stoploss and 3.4 as target. However if you take a buy trade in stock , then use 3.7 as stoploss and 3.94 as target.

Share price targets for Globe Textiles (GLOBE_BE)

Target Type	Value
Downside Target	3.55
Upside Target	3.65
Upside Target	3.85
Upside Target	4.05
Upside Target	4.10
Upside Target	4.15
Upside Target	4.30
Upside Target	4.35
Upside Target	4.75
Upside Target	4.85

Intraday share price targets for Globe Textiles (GLOBE_BE)

Target Type	Value
Downside Intraday Target	3.53
Downside Intraday Target	3.47
Upside Intraday Target	3.68
Upside Intraday Target	3.77
Upside Intraday Target	3.62

Weekly technical analysis of Globe Textiles (GLOBE_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	3.60	3.65	3.70	3.55	3.462 times
28 Thu Mar 2024	3.70	3.85	3.85	3.70	0.759 times
22 Fri Mar 2024	3.85	4.05	4.05	3.85	0.279 times
15 Fri Mar 2024	4.10	4.30	4.30	4.10	0.415 times
07 Thu Mar 2024	4.35	4.15	4.35	4.15	1.477 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Globe Textiles (GLOBE_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	3.60	3.65	3.70	3.55	0.187 times
28 Thu Mar 2024	3.70	4.25	4.35	3.70	0.441 times
29 Thu Feb 2024	4.30	4.00	4.75	3.75	1.43 times
31 Wed Jan 2024	4.00	3.90	4.85	3.85	1.152 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 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 short to mid 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 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 losing momentum.

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

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 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 negative zone. This is the SELL 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 3.68 and Globe Textiles (GLOBE_BE) 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_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 negative.

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