USA - NYSE:GRMN - CH0114405324 - Common Stock
We assign a technical rating of 0 out of 10 to GRMN. GRMN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, GRMN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
192.19
When analyzing the resistance we notice one important area.
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 | DOWN | NEGATIVE | The short term trend for GRMN is down. |
| ChartMill Relative Strength | 21.04 | NEGATIVE | GRMN has a low relative strength, it was outperformed by 78.96% 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) | DOWN | NEGATIVE | The current price of GRMN is below 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) | 17.58 | OVERSOLD | The low RSI value suggests GRMN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.39 | NEGATIVE | The MACD value suggests GRMN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 1.32 | OVERSOLD | The low Stochastics value suggests GRMN may be oversold. |
| Average True Range in percent/ATR (20) | 3.23 | MEDIUM VOLATILITY | The ATR as a percentage value for GRMN suggests some volalility. |
| Average Directional Index/ADX (14) | 48.26 | POSITIVE | The high ADX value value for GRMN suggests a strong trend. |
194.13
-0.93 (-0.48%)
ChartMill assigns a technical rating of 0 / 10 to GRMN.
The current trend direction for GARMIN LTD (GRMN) is Bearish.
GARMIN LTD (GRMN) has an RSI value of 17.576. This indicates that the stock is currently oversold.
The short term momentum for GARMIN LTD (GRMN) is negative.
The buy/sell signal for GARMIN LTD (GRMN) is sell as both the short term and long term trends are negative.