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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 2024-08-22 View latest technical analysis

10 day averaged volume of Globe Textiles is 1231111

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	4.54	4.44	4.54	4.44	2.641 times
21 Wed Aug 2024	4.54	4.54	4.55	4.54	1.883 times
20 Tue Aug 2024	4.64	4.64	4.65	4.64	1.618 times
19 Mon Aug 2024	4.74	4.74	4.74	4.74	0.298 times
16 Fri Aug 2024	4.84	4.84	4.84	4.84	0.206 times
14 Wed Aug 2024	4.94	4.94	4.94	4.94	0.145 times
13 Tue Aug 2024	5.05	5.26	5.26	5.05	1.39 times
12 Mon Aug 2024	5.16	5.05	5.16	5.05	3.771 times
09 Fri Aug 2024	5.16	5.16	5.16	5.16	0.265 times
08 Thu Aug 2024	5.27	5.27	5.27	5.27	0.281 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 4.8, but if it comes above 4.8, then a intra day buy could be more profitable.
If you take a sell trade below 4.8, then use 4.8 as stoploss and 4.2 as target. However if you take a buy trade in stock , then use 4.8 as stoploss and 5.34 as target.

Share price targets for Globe Textiles (GLOBE_BE)

Target Type	Value
Downside Target	3.20
Downside Target	3.70
Downside Target	4.35
Downside Target	4.44
Upside Target	4.74
Upside Target	5.16
Upside Target	5.26
Upside 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	4.41
Downside Intraday Target	4.27
Upside Intraday Target	4.71
Upside Intraday Target	4.87
Upside Intraday Target	4.57

Weekly technical analysis of Globe Textiles (GLOBE_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	4.54	4.74	4.74	4.44	1.168 times
16 Fri Aug 2024	4.84	5.05	5.26	4.84	3.253 times
09 Fri Aug 2024	5.16	5.61	5.61	5.16	0.177 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

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
22 Thu Aug 2024	4.54	5.85	5.85	4.44	0.643 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 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 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 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 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 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 4.84 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 positive

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