GLOBE_BE NEWS why is Globe Textiles (i) Ltd. price falling or rising

GLOBE_BE NEWS reasons for why stock price of Globe Textiles (i) Ltd. is falling or rising

GLOBE_BE Globe Textiles is falling or rising technical reasons

Technical analysis forecast for Globe Textiles Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Globe Textiles GLOBE_BE at this time. Stock is falling and might fall more.

It appears as if Globe Textiles GLOBE_BE gave a large move recently.

Stock of Globe Textiles (GLOBE_BE) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Globe Textiles is bearish for shortterm, and stock might move down till 4.8 or till 4.5. Use a stoploss of 5.12 and if the stock hits stoploss, then it can shoot up till 5.41

GLOBE_BE Globe Textiles is falling or rising NEWS fundamental reasons

More announcements and NEWS

GLOBE_BE Globe Textiles (i) Ltd. current price & indicator signals

Moving Averages for Globe Textiles (i) Ltd.

  • 5Day Average: 5.01
  • 12Day Average: 5.02
  • 20Day Average: 5.23
  • 50Day Average: 5.08
  • 100Day Average: 4.76
  • 150Day Average: 4.57
  • 200Day Average: 4.45

GLOBE_BE Indicators & signals

Indicator MACD (12,26,9)

5.08, 5.14, -0.02
Indicator MACD is in negative zone

Indicator ADX (14)

6.67, 25, 28.57
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 60
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of GLOBE_BE Globe Textiles (i) Ltd. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
18 Fri Oct 2024 5.00 4.76 to 5.10 0.81% 0.83 times
17 Thu Oct 2024 4.96 4.95 to 5.14 -0.8% 0.74 times
16 Wed Oct 2024 5.00 4.94 to 5.07 -0.6% 0.84 times
15 Tue Oct 2024 5.03 5.01 to 5.17 -0.79% 0.47 times
14 Mon Oct 2024 5.07 5.00 to 5.15 -0.59% 0.46 times
11 Fri Oct 2024 5.10 4.95 to 5.17 1.39% 0.61 times
10 Thu Oct 2024 5.03 4.94 to 5.16 0% 0.48 times
09 Wed Oct 2024 5.03 4.91 to 5.17 -0.4% 0.95 times
08 Tue Oct 2024 5.05 4.58 to 5.07 4.55% 2.59 times
07 Mon Oct 2024 4.83 4.83 to 5.20 -5.11% 1.42 times
04 Fri Oct 2024 5.09 4.91 to 5.25 0.59% 1.44 times
03 Thu Oct 2024 5.06 5.06 to 5.34 -4.53% 1.62 times

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GLOBE_BE NEWS why is Globe Textiles (i) Ltd. price falling or rising

 

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