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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 2024-08-05 View latest technical analysis

10 day averaged volume of Globe Textiles is 2959903

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	5.61	5.61	5.61	5.61	0.087 times
02 Fri Aug 2024	5.73	5.73	5.73	5.73	0.34 times
01 Thu Aug 2024	5.85	5.85	5.85	5.85	0.121 times
31 Wed Jul 2024	5.97	6.09	6.09	5.97	0.439 times
30 Tue Jul 2024	6.10	6.19	6.19	6.10	2.566 times
29 Mon Jul 2024	6.19	6.19	6.19	6.19	0.518 times
26 Fri Jul 2024	5.90	5.90	5.90	5.90	0.729 times
25 Thu Jul 2024	5.62	5.62	5.62	5.50	0.747 times
24 Wed Jul 2024	5.36	5.36	5.36	5.05	1.502 times
23 Tue Jul 2024	5.11	5.09	5.23	4.74	2.127 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 5.8 as stoploss in an intra day sell trade for a target of 4.71. However, stock will show a bullish move above 5.8.

Share price targets for Globe Textiles (GLOBE_BE)

Target Type	Value
Downside Target	3.20
Downside Target	3.45
Downside Target	3.60
Downside Target	3.70
Downside Target	4.35
Downside Target	4.74
Downside Target	5.61
Upside Target	5.73
Upside Target	5.85
Upside Target	5.90
Upside Target	6.19

Intraday share price targets for Globe Textiles (GLOBE_BE)

Target Type	Value
Downside Intraday Target	5.61
Downside Intraday Target	5.61
Downside Intraday Target	5.61
Downside Intraday Target	5.61
Downside Intraday Target	5.61

Weekly technical analysis of Globe Textiles (GLOBE_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	5.61	5.61	5.61	5.61	0.022 times
02 Fri Aug 2024	5.73	6.19	6.19	5.73	0.662 times
26 Fri Jul 2024	5.90	4.84	5.90	4.74	5.209 times
19 Fri Apr 2024	3.75	3.50	3.75	3.45	0.188 times
12 Fri Apr 2024	3.55	3.45	3.60	3.20	15.879 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	5.61	5.85	5.85	5.61	0.057 times
31 Wed Jul 2024	5.97	4.84	6.19	4.74	1.243 times
19 Fri Apr 2024	3.75	3.65	3.75	3.20	3.72 times
28 Thu Mar 2024	3.70	4.25	4.35	3.70	0.441 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 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 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 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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Globe Textiles in short term and the buy signal is strong.

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 green color and prices are above 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 5.67 and Globe Textiles (GLOBE_BE) stock is trading below this level. This means that stock is falling with high volumes. 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 positive

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