GARMIN LTD (GRMN) Stock Technical Analysis
USA - NYSE:GRMN - CH0114405324 - Common Stock
250.17 USD
+2.62 (+1.06%)
250.17 USD
0 (0%)
Taking everything into account, GRMN scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GRMN is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that GRMN is one of the better performing stocks in the market, outperforming 86% of all stocks. On top of that, GRMN also shows a nice and consistent pattern of rising prices.
GRMN is one of the better performing stocks in the Household Durables industry, it outperforms 86% of 61 stocks in the same industry.
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.
In the last month GRMN has a been trading in the 237.56 - 261.69 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
GRMN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 242.56, a Stop Loss order could be placed below this zone.
More info and screens
204.00
262.38
We found 5 important support areas.
- A support zone ranging from 239.78 to 242.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 234.17 to 235.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @229.59 from a horizontal line in the daily time frame.
- Support @217.82 from a horizontal line in the daily time frame.
- Support @206.06 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 257.07 to 259.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for GRMN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GRMN is up. |
| ChartMill Relative Strength | 86.93 | POSITIVE | GRMN has a high relative strength, it outperformed 86.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GRMN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GRMN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GRMN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.24 | NEUTRAL | The RSI value for GRMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.98 | NEGATIVE | The MACD value suggests GRMN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.21 | NEUTRAL | The Stochastics value for GRMN is a neutral value. |
| Average True Range in percent/ATR (20) | 2 | LOW VOLATILITY | The low ATR as a percentage value for GRMN suggests low volalility. |
| Average Directional Index/ADX (14) | 21.97 | NEUTRAL | The ADX value for GRMN suggests a possible start of a new trend. |
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)
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 |
|---|---|---|---|
| 259.79 | 244.96 | 14.83 (5.71%) | 17.52% |
| An entry @259.79. This is a Buy Stop order right above the resistance zone. | An exit @244.96. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 14.83 points, which is 5.71%. | When investing 17.52% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
250.17
+2.62 (+1.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg1.06%
1 Week1.39%
2 Weeks-2.47%
1 Month5.69%
3 Month6.17%
6 Month25.74%
12 Month54.14%
2 Year144%
3 Year184.16%
5 Year140.5%
10 Year605.3%
15 Year661.78%
Volatility
ATR(14)5.09
ATR(20)%2%
ATR Inc3.38%
Range Today2.53
ADR(20)4.75
ADR(20)%1.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.93
3 months CRS68.91
6 months CRS74.34
Mansfield0.38
10 Day High258.05
10 Day Low244.97
20 Day High261.69
20 Day Low237.56
52 Week High261.69
52 Week Low163.11
CS1 End242.56
CR1 Start257.07
Volume & EV
DER(3)-0.95%
DER(5)-0.67%
Volume480.20K
Volume Incr-29.4%
Vol(5)555.02K
Vol(50)773.84K