(GLOBE) Globe Textiles complete technical analysis [charts+indicators] | Buy/Sell Globe Textiles | (GLOBE) share price targets
Complete technical analysis of Globe Textiles (GLOBE) by charts plus indicators, forecast predictions and share price targets for Globe Textiles (GLOBE)
10 day averaged volume of Globe Textiles is 3327486
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 3.25 | 3.20 | 3.30 | 3.20 | 0.25 times |
| 16 Thu May 2024 | 3.15 | 3.10 | 3.15 | 3.05 | 0.778 times |
| 15 Wed May 2024 | 3.00 | 3.05 | 3.05 | 2.95 | 0.614 times |
| 14 Tue May 2024 | 3.05 | 3.20 | 3.25 | 3.05 | 3.514 times |
| 13 Mon May 2024 | 3.20 | 3.25 | 3.40 | 3.20 | 0.668 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 3 as stoploss in an intra day buy trade for a target of 3.54. However, stock will show a bearish move below 3.
Share price targets for Globe Textiles (GLOBE)
| Target Type | Value |
| Downside Target | 2.80 |
| Downside Target | 2.95 |
| Downside Target | 3.05 |
| Downside Target | 3.20 |
| Upside Target | 3.40 |
| Upside Target | 3.70 |
| Upside Target | 3.80 |
| Upside Target | 3.90 |
| Upside Target | 4.10 |
| Upside Target | 6.00 |
Intraday share price targets for Globe Textiles (GLOBE)
| Target Type | Value |
| Downside Intraday Target | 3 |
| Downside Intraday Target | 2.75 |
| Upside Intraday Target | 3.45 |
| Upside Intraday Target | 3.65 |
| Downside Intraday Target | 3.2 |
Weekly technical analysis of Globe Textiles (GLOBE)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 3.25 | 3.25 | 3.40 | 2.95 | 1.395 times |
| 10 Fri May 2024 | 3.35 | 3.65 | 3.80 | 3.20 | 1.566 times |
| 03 Fri May 2024 | 3.65 | 3.60 | 3.70 | 3.45 | 0.297 times |
| 26 Fri Apr 2024 | 3.55 | 3.80 | 3.90 | 3.30 | 0.992 times |
| 29 Fri Sep 2023 | 5.75 | 4.45 | 6.00 | 4.10 | 3.156 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)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 3.25 | 3.55 | 3.80 | 2.95 | 1.021 times |
| 30 Tue Apr 2024 | 3.50 | 3.80 | 3.90 | 3.30 | 0.691 times |
| 29 Fri Sep 2023 | 5.75 | 3.25 | 6.00 | 3.25 | 26.476 times |
| 06 Tue Jun 2023 | 2.95 | 2.90 | 2.95 | 2.85 | 0.221 times |
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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 32, 41, 13 | Sell |
| MACD | -0, -0 | Sell |
| Stochastics | 22 | Sell |
| CCI | -17 | Buy |
| RSI | 51 | Buy |
| OBV | -45183632 | Sell |
| VWAP | 3 | Buy |
| ADL | 0 | Sell |
| ROC | -11 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Globe Textiles ( (GLOBE) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Globe Textiles ( (GLOBE) ) 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) ) 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) ) 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 and the sell 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 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 in or above the red cloud Prices appear to be moving up
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 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 3.19 and Globe Textiles (GLOBE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down
People seem to be coming out and selling the Globe Textiles (GLOBE) stock. Volume based technical analysis of Globe Textiles (GLOBE) 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.
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