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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 2024-09-30 View latest technical analysis

10 day averaged volume of Globe Textiles is 2132782

Date	Daily Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	5.40	5.73	5.73	5.22	0.487 times
27 Fri Sep 2024	5.49	5.45	5.60	5.25	0.378 times
26 Thu Sep 2024	5.46	5.60	5.83	5.39	0.871 times
25 Wed Sep 2024	5.68	6.24	6.24	5.65	1.539 times
24 Tue Sep 2024	5.95	5.88	5.95	5.78	1.497 times
23 Mon Sep 2024	5.67	5.67	5.67	5.67	1.029 times
20 Fri Sep 2024	5.40	5.20	5.40	4.90	1.411 times
19 Thu Sep 2024	5.15	5.36	5.58	5.09	0.783 times
18 Wed Sep 2024	5.36	5.54	5.59	5.26	0.722 times
17 Tue Sep 2024	5.40	5.75	5.75	5.26	0.812 times

My analysis of stock is bullish for shortterm, and stock might move up till 5.7 or till 6.2. Use a stoploss of 5.37 and if this stock hits its stoploss, then it can fall down till 5.01

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	4.74
Downside Target	4.87
Downside Target	5.22
Upside Target	5.73
Upside Target	5.85
Upside Target	6.13
Upside Target	6.18
Upside Target	6.19
Upside Target	6.24

Intraday share price targets for Globe Textiles (GLOBE_BE)

Target Type	Value
Downside Intraday Target	5.17
Downside Intraday Target	4.94
Upside Intraday Target	5.68
Upside Intraday Target	5.96
Upside Intraday Target	5.45

Weekly technical analysis of Globe Textiles (GLOBE_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	5.40	5.73	5.73	5.22	0.092 times
27 Fri Sep 2024	5.49	5.67	6.24	5.25	1.134 times
20 Fri Sep 2024	5.40	5.99	6.13	4.90	0.697 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

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
30 Mon Sep 2024	5.40	4.60	6.24	4.59	1.669 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, 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Globe Textiles stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Globe Textiles in short term but the sell signal is initial and weak.

Globe Textiles Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

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 buy signal for Globe Textiles in short term but BUY signal is weak.

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 5.55 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.