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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 2024-04-10 View latest technical analysis

10 day averaged volume of Globe Textiles is 1355996

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	3.40	3.25	3.40	3.20	2.804 times
09 Tue Apr 2024	3.30	3.30	3.45	3.30	2.751 times
08 Mon Apr 2024	3.45	3.45	3.60	3.45	6.163 times
05 Fri Apr 2024	3.60	3.60	3.60	3.60	0.228 times
04 Thu Apr 2024	3.65	3.70	3.70	3.65	0.119 times
03 Wed Apr 2024	3.65	3.55	3.65	3.55	0.419 times
02 Tue Apr 2024	3.60	3.60	3.60	3.60	0.04 times
01 Mon Apr 2024	3.65	3.65	3.65	3.65	0.037 times
28 Thu Mar 2024	3.70	3.70	3.70	3.70	0.025 times
27 Wed Mar 2024	3.75	3.75	3.75	3.75	0.178 times

Stock of Globe Textiles (GLOBE_BE) has showed a significant upmove. This could be a good time to enter in 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 3.5, but if it comes above 3.5, then a intra day buy could be more profitable.
If you take a sell trade below 3.5, then use 3.5 as stoploss and 3.2 as target. However if you take a buy trade in stock , then use 3.5 as stoploss and 3.8 as target.

Share price targets for Globe Textiles (GLOBE_BE)

Target Type	Value
Downside Target	3.20
Upside Target	3.55
Upside Target	3.85
Upside Target	4.05
Upside Target	4.10
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	3.2
Downside Intraday Target	3
Upside Intraday Target	3.6
Upside Intraday Target	3.8
Upside Intraday Target	3.4

Weekly technical analysis of Globe Textiles (GLOBE_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	3.40	3.45	3.60	3.20	13.904 times
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

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
10 Wed Apr 2024	3.40	3.65	3.70	3.20	2.79 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, and volume has increased substantially. This means that the move can 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 neutral. A longer time frame might give a better analysis.

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 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 but buying is losing 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 3.42 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.