GRMN Technical Analysis - GARMIN LTD

Technical Rating and Analysis

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.

Looking at the yearly performance, GRMN did better than 87% of all other 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 91% of 63 stocks in the same industry.

GRMN is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month GRMN has a been trading in the 233.02 - 258.42 range, which is quite wide. It is currently trading near the high of this range.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although GRMN has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

201.17

260.32

We found 4 important support areas.

A support zone ranging from 234.17 to 235.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 229.40 to 229.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @217.82 from a horizontal line in the daily time frame.
A support zone ranging from 203.20 to 205.42. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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	87.95	POSITIVE	GRMN has a high relative strength, it outperformed 87.95% 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)	74.83	OVERBOUGHT	The high RSI value suggests GRMN may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.85	POSITIVE	The MACD value suggests GRMN has a positive trend.
Stochastics (14,3)	97.41	OVERBOUGHT	The high Stochastics value suggests GRMN may be overbought.
Average True Range in percent/ATR (20)	1.61	LOW VOLATILITY	The low ATR as a percentage value for GRMN suggests low volalility.
Average Directional Index/ADX (14)	22.15	NEUTRAL	The ADX value for GRMN suggests a possible start of a new trend.