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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 2024-09-10 View latest technical analysis

10 day averaged volume of Globe Textiles is 1131884

Date	Daily Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	5.35	5.35	5.35	5.35	0.998 times
09 Mon Sep 2024	5.10	4.90	5.10	4.87	1.534 times
06 Fri Sep 2024	4.86	4.77	4.96	4.77	0.906 times
05 Thu Sep 2024	4.87	4.87	4.87	4.87	0.55 times
04 Wed Sep 2024	4.78	4.62	4.78	4.59	0.943 times
03 Tue Sep 2024	4.69	4.88	4.88	4.69	0.933 times
02 Mon Sep 2024	4.79	4.60	4.79	4.60	1.348 times
30 Fri Aug 2024	4.70	4.70	4.70	4.70	0.465 times
29 Thu Aug 2024	4.80	4.99	4.99	4.80	2.453 times
28 Wed Aug 2024	4.90	4.90	4.90	4.90	0.445 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 5.2, for a target of 5 or 4.81

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
Downside Target	4.59
Downside Target	4.70
Downside Target	4.84
Downside Target	4.99
Downside Target	5.26
Downside Target	5.35
Upside Target	5.85
Upside Target	6.19

Intraday share price targets for Globe Textiles (GLOBE_BE)

Target Type	Value
Downside Intraday Target	5.03
Downside Intraday Target	4.71
Upside Intraday Target	5.51
Upside Intraday Target	5.67
Downside Intraday Target	5.19

Weekly technical analysis of Globe Textiles (GLOBE_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	5.35	4.90	5.35	4.87	0.541 times
06 Fri Sep 2024	4.86	4.60	4.96	4.59	1.016 times
30 Fri Aug 2024	4.70	4.72	4.99	4.70	0.536 times
23 Fri Aug 2024	4.63	4.74	4.74	4.44	1.433 times
16 Fri Aug 2024	4.84	5.05	5.26	4.84	3.253 times

Price has moved up 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
10 Tue Sep 2024	5.35	4.60	5.35	4.59	0.324 times
30 Fri Aug 2024	4.70	5.85	5.85	4.44	0.891 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

Scroll below to view daily charts

Price has moved up 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 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 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 short to mid 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 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 gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Globe Textiles Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Globe Textiles in short term and BUY 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 4.89 and Globe Textiles (GLOBE_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 negative.

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