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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 2024-09-16 View latest technical analysis

10 day averaged volume of Globe Textiles is 1963032

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	5.54	5.99	6.13	5.54	1.042 times
13 Fri Sep 2024	5.84	6.18	6.18	5.59	4.933 times
12 Thu Sep 2024	5.89	5.89	5.89	5.89	0.482 times
11 Wed Sep 2024	5.61	5.61	5.61	5.61	0.427 times
10 Tue Sep 2024	5.35	5.35	5.35	5.35	0.575 times
09 Mon Sep 2024	5.10	4.90	5.10	4.87	0.885 times
06 Fri Sep 2024	4.86	4.77	4.96	4.77	0.522 times
05 Thu Sep 2024	4.87	4.87	4.87	4.87	0.317 times
04 Wed Sep 2024	4.78	4.62	4.78	4.59	0.544 times
03 Tue Sep 2024	4.69	4.88	4.88	4.69	0.538 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 5.4, but if it comes below 5.4, then a intra day sell could be more profitable.
If you take a sell trade below 5.4, then use 5.4 as stoploss and 4.98 as target. However if you take a buy trade in stock , then use 5.4 as stoploss and 5.9 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
Downside Target	4.59
Downside Target	4.70
Downside Target	4.87
Downside Target	5.54
Upside Target	5.85
Upside Target	6.13
Upside Target	6.18
Upside Target	6.19

Intraday share price targets for Globe Textiles (GLOBE_BE)

Target Type	Value
Downside Intraday Target	5.34
Downside Intraday Target	5.15
Upside Intraday Target	5.93
Upside Intraday Target	6.33
Upside Intraday Target	5.74

Weekly technical analysis of Globe Textiles (GLOBE_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	5.54	5.99	6.13	5.54	0.143 times
13 Fri Sep 2024	5.84	4.90	6.18	4.87	2.706 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

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
16 Mon Sep 2024	5.54	4.60	6.18	4.59	0.861 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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 Weak and stock is losing 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 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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 5.51 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.