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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)

10 day averaged volume of Globe Textiles is 1340510

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri May 2025	2.14	2.20	2.20	2.08	0.925 times
08 Thu May 2025	2.19	2.18	2.27	2.18	0.441 times
07 Wed May 2025	2.18	2.14	2.24	2.12	0.465 times
06 Tue May 2025	2.18	2.30	2.30	2.15	2.001 times
05 Mon May 2025	2.27	2.38	2.42	2.27	2.131 times
02 Fri May 2025	2.39	2.46	2.48	2.35	0.626 times
30 Wed Apr 2025	2.45	2.58	2.63	2.45	1.339 times
29 Tue Apr 2025	2.58	2.66	2.66	2.56	0.202 times
28 Mon Apr 2025	2.62	2.59	2.65	2.51	0.602 times
25 Fri Apr 2025	2.58	2.60	2.68	2.50	0.632 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2.3, but if it comes above 2.3, then a intra day buy could be more profitable.
If you take a sell trade below 2.3, then use 2.3 as stoploss and 2 as target. However if you take a buy trade in stock , then use 2.3 as stoploss and 2.57 as target.

Share price targets for Globe Textiles (GLOBE_BE)

Target Type	Value
Downside Target	2.08
Upside Target	2.35
Upside Target	2.56
Upside Target	2.66
Upside Target	2.78
Upside Target	2.87
Upside Target	2.94
Upside Target	3.00
Upside Target	4.58
Upside Target	4.59
Upside Target	5.53
Upside Target	6.24

Intraday share price targets for Globe Textiles (GLOBE_BE)

Target Type	Value
Downside Intraday Target	2.01
Downside Intraday Target	1.87
Upside Intraday Target	2.35
Upside Intraday Target	2.55
Upside Intraday Target	2.21

Weekly technical analysis of Globe Textiles (GLOBE_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri May 2025	2.14	2.38	2.42	2.08	2.154 times
02 Fri May 2025	2.39	2.59	2.66	2.35	0.796 times
25 Fri Apr 2025	2.58	2.88	2.88	2.50	2.725 times
17 Thu Apr 2025	2.84	2.78	2.94	2.78	0.53 times
11 Fri Apr 2025	2.77	2.59	2.87	2.56	1.267 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Globe Textiles (GLOBE_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Fri May 2025	2.14	2.46	2.48	2.08	0.588 times
30 Wed Apr 2025	2.45	2.45	2.94	2.44	2.842 times
28 Fri Mar 2025	2.43	3.00	3.00	2.39	0.576 times
18 Fri Oct 2024	5.00	5.35	5.53	4.58	0.219 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 BUY signal for Globe Textiles in short term but the buy 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 red color and prices are below the red 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 SELL signal in short term but selling 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 2.31 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 negative.

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