(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 2203498
| Date | Daily Closing Price | Open | High | Low | Volume |
| 19 Fri Apr 2024 | 3.75 | 3.60 | 3.75 | 3.60 | 0.373 times |
| 18 Thu Apr 2024 | 3.60 | 3.55 | 3.65 | 3.55 | 0.216 times |
| 16 Tue Apr 2024 | 3.55 | 3.45 | 3.60 | 3.45 | 0.212 times |
| 15 Mon Apr 2024 | 3.55 | 3.50 | 3.55 | 3.45 | 0.75 times |
| 12 Fri Apr 2024 | 3.55 | 3.40 | 3.55 | 3.35 | 1.024 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 3.8 as stoploss in an intra day sell trade for a target of 3.66. However, stock will show a bullish move above 3.8.
Share price targets for Globe Textiles (GLOBE_BE)
| Target Type | Value |
| Downside Target | 3.20 |
| Downside Target | 3.45 |
| Downside Target | 3.55 |
| Upside Target | 3.85 |
| Upside Target | 4.05 |
| Upside Target | 4.10 |
| Upside Target | 4.35 |
| Upside Target | 4.75 |
| Upside Target | 4.85 |
Intraday share price targets for Globe Textiles (GLOBE_BE)
| Target Type | Value |
| Downside Intraday Target | 3.55 |
| Downside Intraday Target | 3.35 |
| Upside Intraday Target | 3.85 |
| Upside Intraday Target | 3.95 |
| Downside Intraday Target | 3.65 |
Weekly technical analysis of Globe Textiles (GLOBE_BE)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 19 Fri Apr 2024 | 3.75 | 3.50 | 3.75 | 3.45 | 0.188 times |
| 12 Fri Apr 2024 | 3.55 | 3.45 | 3.60 | 3.20 | 15.879 times |
| 05 Fri Apr 2024 | 3.60 | 3.65 | 3.70 | 3.55 | 3.462 times |
| 28 Thu Mar 2024 | 3.70 | 3.85 | 3.85 | 3.70 | 0.759 times |
| 22 Fri Mar 2024 | 3.85 | 4.05 | 4.05 | 3.85 | 0.279 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 |
| 19 Fri Apr 2024 | 3.75 | 3.65 | 3.75 | 3.20 | 3.72 times |
| 28 Thu Mar 2024 | 3.70 | 4.25 | 4.35 | 3.70 | 0.441 times |
| 29 Thu Feb 2024 | 4.30 | 4.00 | 4.75 | 3.75 | 1.43 times |
| 31 Wed Jan 2024 | 4.00 | 3.90 | 4.85 | 3.85 | 1.152 times |
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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 46, 38, 9 | Buy |
| MACD | -0, -0 | Buy |
| Stochastics | 83 | Buy |
| CCI | 125 | Buy |
| RSI | 59 | Buy |
| OBV | -5341066 | Sell |
| VWAP | 3 | Buy |
| ADL | 0 | Sell |
| ROC | 3 | Buy |
| Force Index | 0 | Sell |
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 term time period is
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 Weak and stock is gaining momentum.
MACD generated a BUY signal for Globe Textiles in short term but the buy signal is initial and weak.
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 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 and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 3.45 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 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 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.
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