GARMIN LTD (GRMN) Technical Analysis
NYSE:GRMN • CH0114405324
Current stock price
GRMN Technical Rating and Analysis
Overall GRMN gets a technical rating of 5 out of 10. In the last year, GRMN was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- In the last month GRMN has a been trading in the 230.83 - 255.90 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- GRMN is one of the better performing stocks in the Household Durables industry, it outperforms 89% of 60 stocks in the same industry.
- GRMN has an average volume of 1013650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, GRMN did better than 75% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- 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.
- Considerably lower volume is observed in the last couple of days.
GRMN Weekly and Daily overview Charts
GRMN Setup Rating and Analysis
Although the technical rating is only medium, GRMN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
GRMN Support and Resistance Analysis
196.69
2 important support areas can be observed.
- A support zone ranging from 205.05 to 208.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 198.68 to 201.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @251.42 from a horizontal line in the daily time frame.
- A resistance zone ranging from 257.06 to 259.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
GRMN 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 | NEUTRAL | NEUTRAL | The short term trend for GRMN is neutral. |
| ChartMill Relative Strength | 75.82 | POSITIVE | GRMN has a high relative strength, it outperformed 75.82% 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 | POSITIVE | The current price of GRMN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.08 | NEUTRAL | The RSI value for GRMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.97 | NEGATIVE | The MACD value suggests GRMN has a negative trend. |
| Stochastics (14,3) | 12.02 | OVERSOLD | The low Stochastics value suggests GRMN may be oversold. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for GRMN suggests some volalility. |
| Average Directional Index/ADX (14) | 23.45 | NEUTRAL | The ADX value for GRMN suggests a possible start of a new trend. |
GRMN Chart- and CandleStick Pattern Analysis
GRMN Technicals: Chart, Performance Metrics, Trend & Indicators
231.6
-3.5 (-1.49%)
GARMIN LTD / GRMN TA FAQ
What is the ChartMill technical rating of GARMIN LTD (GRMN) stock?
ChartMill assigns a technical rating of 5 / 10 to GRMN.
What is the current trend direction of GARMIN LTD (GRMN) stock?
The current trend direction for GARMIN LTD (GRMN) is Bullish.
Can you provide the RSI signal for GARMIN LTD?
GARMIN LTD (GRMN) has an RSI value of 47.0812. 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 208.23 and a resistance level at 251.42. Check the full technical report for our detailed analysis of GRMN support and resistance levels.