GARMIN LTD (GRMN) Stock Technical Analysis
NYSE:GRMN • CH0114405324
Overall GRMN gets a technical rating of 4 out of 10. GRMN has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- In the last month GRMN has a been trading in the 197.61 - 216.34 range, which is quite wide. It is currently trading near the high of this range.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, GRMN outperforms 56% of them, which is more or less in line with the market.
- GRMN is an average performer in the Household Durables industry, it outperforms 55% of 60 stocks in the same industry.
- GRMN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GRMN is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
GRMN has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
190.30
When analyzing the support we can see 3 important areas.
- A support zone ranging from 205.26 to 208.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 199.85 to 201.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @192.22 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 214.75 to 214.75. This zone is formed by a combination of multiple trend lines 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 | 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 | 56.53 | NEUTRAL | GRMN is not amongst the best or worst performers 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 | MIXED | The current price of GRMN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.46 | NEUTRAL | The RSI value for GRMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.73 | POSITIVE | The MACD value suggests GRMN has a positive trend. |
| Stochastics (14,3) | 68.55 | NEUTRAL | The Stochastics value for GRMN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for GRMN suggests some volalility. |
| Average Directional Index/ADX (14) | 18.27 | NEGATIVE | The low ADX value for GRMN suggests a weak or negative trend. |
214.74
+11.52 (+5.67%)
GARMIN LTD / GRMN FAQ
What is the ChartMill technical rating of GARMIN LTD (GRMN) stock?
ChartMill assigns a technical rating of 4 / 10 to GRMN.
What is the current trend direction of GARMIN LTD (GRMN) stock?
The current trend direction for GARMIN LTD (GRMN) is Bearish.
Can you provide the RSI signal for GARMIN LTD?
GARMIN LTD (GRMN) has an RSI value of 59.4604. This indicates that the stock is currently neutral.
What is the short term momentum for GARMIN LTD (GRMN) stock?
The short term momentum for GARMIN LTD (GRMN) is neutral.
What are the support and resistance levels for GARMIN LTD (GRMN) stock?
GARMIN LTD (GRMN) has a support level at 208.91 and a resistance level at 214.75. Check the full technical report for our detailed analysis of GRMN support and resistance levels.