GARMIN LTD (GRMN) Stock Technical Analysis
NYSE:GRMN - New York Stock Exchange, Inc. - CH0114405324 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to GRMN. GRMN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month GRMN has a been trading in the 197.46 - 211.56 range, which is quite wide. It is currently trading near the lows of this range.
GRMN is part of the Household Durables industry. There are 64 other stocks in this industry. GRMN outperforms 92% of them.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Looking at the yearly performance, GRMN did better than 71% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
GRMN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GRMN is lagging the market slightly.
The technical rating of GRMN is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
157.93
220.00
When analyzing the support we can see 3 important areas.
- Support @190.01 from a trend line in the weekly time frame.
- A support zone ranging from 178.45 to 178.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @159.53 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 201.35 to 210.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @217.82 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for GRMN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GRMN is neutral. |
| ChartMill Relative Strength | 71.42 | POSITIVE | GRMN has a high relative strength, it outperformed 71.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GRMN is below a declining 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 | MIXED | The current price of GRMN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.28 | NEUTRAL | The RSI value for GRMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.85 | NEGATIVE | The MACD value suggests GRMN has a negative trend. |
| Stochastics (14,3) | 22.85 | NEUTRAL | The Stochastics value for GRMN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for GRMN suggests low volalility. |
| Average Directional Index/ADX (14) | 12.83 | NEGATIVE | The low ADX value for GRMN suggests a weak or negative 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)
197.78
-6.14 (-3.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-3.01%
1 Week-5.87%
2 Weeks-3.29%
1 Month-3.47%
3 Month-5.9%
6 Month-5.36%
12 Month22.5%
2 Year89.64%
3 Year101.3%
5 Year102.85%
10 Year350.22%
15 Year577.79%
Volatility
ATR(14)3.48
ATR(20)%1.81%
ATR Inc43.58%
Range Today5.24
ADR(20)3.34
ADR(20)%1.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.42
Mansfield-0.24
10 Day High211.56
10 Day Low197.46
20 Day High211.56
20 Day Low197.46
52 Week High246.5
52 Week Low158.9
CS1 End190.01
CR1 Start201.35
Volume & EV
DER(3)-0.08%
DER(5)0.4%
Volume935.20K
Volume Incr7.56%
Vol(5)848.66K
Vol(50)909.94K