GARMIN LTD (GRMN) Stock Technical Analysis
USA - NYSE:GRMN - CH0114405324 - Common Stock
238.08 USD
-3.1 (-1.29%)
238.08 USD
0 (0%)
Taking everything into account, GRMN scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GRMN is showing a nice and steady performance.
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 84% 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 83% of 63 stocks in the same industry.
GRMN is currently trading near its 52 week high, which is a good sign. 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 226.93 - 243.00 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
GRMN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 229.70, a Stop Loss order could be placed below this zone.
More info and screens
200.58
244.36
When analyzing the support we can see 4 important areas.
- A support zone ranging from 227.73 to 229.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @223.52 from a trend line in the weekly time frame.
- A support zone ranging from 217.82 to 218.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 202.61 to 205.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 238.13 to 241.94. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 84.12 | POSITIVE | GRMN has a high relative strength, it outperformed 84.12% 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) | 55.13 | NEUTRAL | The RSI value for GRMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests GRMN has a negative trend. |
| Stochastics (14,3) | 66.56 | NEUTRAL | The Stochastics value for GRMN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.78 | LOW VOLATILITY | The low ATR as a percentage value for GRMN suggests low volalility. |
| Average Directional Index/ADX (14) | 18.64 | 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)
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 | 231.73 | 10.22 (4.22%) | 23.67% |
| An entry @241.95. This is a Buy Stop order right above the resistance zone. | An exit @231.73. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 10.22 points, which is 4.22%. | When investing 23.67% 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.
238.08
-3.1 (-1.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-1.29%
1 Week0.29%
2 Weeks-1.23%
1 Month1.28%
3 Month18.26%
6 Month11.3%
12 Month37.87%
2 Year126.31%
3 Year196.45%
5 Year150.98%
10 Year563.54%
15 Year684.45%
Volatility
ATR(14)4.36
ATR(20)%1.78%
ATR Inc5.52%
Range Today2.87
ADR(20)3.98
ADR(20)%1.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.12
Mansfield0.35
10 Day High243
10 Day Low231.74
20 Day High243
20 Day Low226.93
52 Week High246.5
52 Week Low160.94
CS1 End229.7
CR1 Start238.13
Volume & EV
DER(3)-1.2%
DER(5)-0.57%
Volume528.63K
Volume Incr-12.39%
Vol(5)715.45K
Vol(50)836.62K