GARMIN LTD (GRMN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GRMN - CH0114405324 - Common Stock
Overall GRMN gets a technical rating of 2 out of 10. In the past year, GRMN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The technical rating of GRMN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
184.96
We found 3 important support areas.
- A support zone ranging from 201.47 to 206.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @196.68 from a trend line in the weekly time frame.
- A support zone ranging from 186.83 to 192.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 213.47 to 213.47. 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 | DOWN | NEGATIVE | The long term trend for GRMN is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GRMN is up. |
| ChartMill Relative Strength | 23.35 | NEGATIVE | GRMN has a low relative strength, it was outperformed by 76.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GRMN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GRMN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GRMN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.28 | NEUTRAL | The RSI value for GRMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.13 | POSITIVE | The MACD value suggests GRMN has a positive trend. |
| Stochastics (14,3) | 94.92 | OVERBOUGHT | The high Stochastics value suggests GRMN may be overbought. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for GRMN suggests low volalility. |
| Average Directional Index/ADX (14) | 15.72 | NEGATIVE | The low ADX value for GRMN suggests a weak or negative trend. |
212.25
-1.21 (-0.57%)
GARMIN LTD / GRMN FAQ
What is the ChartMill technical rating of GARMIN LTD (GRMN) stock?
ChartMill assigns a technical rating of 2 / 10 to GRMN.
What is the current trend direction of GARMIN LTD (GRMN) stock?
The current trend direction for GARMIN LTD (GRMN) is Bearish.
Can you provide the RSI signal for GARMIN LTD?
GARMIN LTD (GRMN) has an RSI value of 64.2762. This indicates that the stock is currently neutral.
What is the short term momentum for GARMIN LTD (GRMN) stock?
The short term momentum for GARMIN LTD (GRMN) is positive.
What are the support and resistance levels for GARMIN LTD (GRMN) stock?
GARMIN LTD (GRMN) has a support level at 206.37 and a resistance level at 213.47. Check the full technical report for our detailed analysis of GRMN support and resistance levels.