GARMIN LTD (GRMN)
CH0114405324 - Common Stock
We assign a technical rating of 9 out of 10 to GRMN. In the last year, GRMN was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month GRMN has a been trading in the 158.38 - 171.64 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that GRMN is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by GRMN over the past year are nicely spread over this period.
GRMN is part of the Household Durables industry. There are 67 other stocks in this industry. GRMN outperforms 90% of them.
GRMN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GRMN is lagging the market slightly.
GRMN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 159.52, a Stop Loss order could be placed below this zone.
More info and screens
138.11
172.66
When analyzing the support we can see 3 important areas.
- A support zone ranging from 155.16 to 159.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 148.85 to 149.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @139.51 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 170.95 to 170.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.74
Mansfield1.08
10 Day High166.06
10 Day Low158.38
20 Day High171.64
20 Day Low158.38
52 Week High171.64
52 Week Low99.61
Performance
1 Week-1.43%
2 Weeks-1.78%
1 Month-6.22%
3 Month8.83%
6 Month25.18%
12 Month57.84%
2 Year63.16%
3 Year10.83%
5 Year100.88%
10 Year163.22%
15 Year572.96%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.92
RSI(14)45.4
LBB159.83
UBB165.28
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 162.44 | 158.37 | 4.07 (2.50%) | 25.00% |
| An entry @162.44. This is a Buy Stop order right above the 10 day moving average. | An exit @158.37. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.07 points, which is 2.50%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.63%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
GARMIN LTD
NYSE:GRMN (6/17/2024, 7:04:01 PM)
After market: 160.3 0 (0%)160.3
+0.77 (+0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg0.48%
1 Week-1.43%
2 Weeks-1.78%
1 Month-6.22%
3 Month8.83%
6 Month25.18%
12 Month57.84%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.53
ATR(20)%1.71%
ATR Inc
Range Today2.47
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High166.06
10 Day Low158.38
20 Day High171.64
20 Day Low158.38
52 Week High171.64
52 Week Low99.61
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume605.10K
Volume Incr9.29%
Vol(5)687.00K
Vol(50)791.86K