GARMIN LTD (GRMN) Stock Technical Analysis
NYSE:GRMN - CH0114405324 - Common Stock
235.92 USD
+6.33 (+2.76%)
235.92 USD
0 (0%)
We assign a technical rating of 10 out of 10 to GRMN. Both in the recent history as in the last year, GRMN has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that GRMN is one of the better performing stocks in the market, outperforming 83% of all stocks.
GRMN is one of the better performing stocks in the Household Durables industry, it outperforms 83% of 63 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 214.44 - 242.47 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, GRMN also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 232.76, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
197.47
244.36
4 important support areas can be observed.
- A support zone ranging from 228.87 to 232.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 217.64 to 221.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @205.59 from a horizontal line in the daily time frame.
- Support @199.46 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 241.93 to 241.94. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | 83.38 | POSITIVE | GRMN has a high relative strength, it outperformed 83.38% 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) | 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) | 60.23 | NEUTRAL | The RSI value for GRMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.47 | NEGATIVE | The MACD value suggests GRMN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 72.74 | NEUTRAL | The Stochastics value for GRMN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for GRMN suggests some volalility. |
| Average Directional Index/ADX (14) | 23.42 | 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 |
|---|---|---|---|
| 241.95 | 228.86 | 13.09 (5.41%) | 18.48% |
| An entry @241.95. This is a Buy Stop order right above the resistance zone. | An exit @228.86. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 13.09 points, which is 5.41%. | When investing 18.48% 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.
235.92
+6.33 (+2.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg2.76%
1 Week1.54%
2 Weeks1.52%
1 Month0.12%
3 Month17.61%
6 Month4.99%
12 Month31.24%
2 Year122.52%
3 Year166.61%
5 Year127.7%
10 Year527.28%
15 Year786.58%
Volatility
ATR(14)4.29
ATR(20)%2.23%
ATR Inc17.78%
Range Today6.72
ADR(20)5.14
ADR(20)%2.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.38
Mansfield0.53
10 Day High237.04
10 Day Low226.93
20 Day High242.47
20 Day Low214.44
52 Week High246.5
52 Week Low160.94
CS1 End232.76
CR1 Start241.93
Volume & EV
DER(3)-0.03%
DER(5)0.08%
Volume498.81K
Volume Incr-31.99%
Vol(5)602.48K
Vol(50)850.56K