GARMIN LTD (GRMN) Technical Analysis
NYSE:GRMN • CH0114405324
Current stock price
GRMN Technical Rating and Analysis
Overall GRMN gets a technical rating of 7 out of 10. GRMN has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- Both the short term and long term trends are positive. This is a very positive sign.
- GRMN is one of the better performing stocks in the Household Durables industry, it outperforms 89% of 60 stocks in the same industry.
- GRMN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GRMN is performing more or less in line with the market.
- GRMN has an average volume of 1030280 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 76% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month GRMN has a been trading in the 212.61 - 256.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GRMN Weekly and Daily overview Charts
GRMN Setup Rating and Analysis
Besides having an excellent technical rating, GRMN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
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GRMN Support and Resistance Analysis
199.46
We found 2 important support areas.
- Support @233.51 from a horizontal line in the daily time frame.
- A support zone ranging from 201.47 to 204.60. 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 | UP | POSITIVE | The short term trend for GRMN is up. |
| ChartMill Relative Strength | 76.28 | POSITIVE | GRMN has a high relative strength, it outperformed 76.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GRMN is below 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) | 50.89 | NEUTRAL | The RSI value for GRMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.93 | NEGATIVE | The MACD value suggests GRMN has a negative trend. |
| Stochastics (14,3) | 15.41 | OVERSOLD | The low Stochastics value suggests GRMN may be oversold. |
| Average True Range in percent/ATR (20) | 4.13 | MEDIUM VOLATILITY | The ATR as a percentage value for GRMN suggests some volalility. |
| Average Directional Index/ADX (14) | 25.62 | POSITIVE | The high ADX value value for GRMN suggests a strong trend. |
GRMN Chart- and CandleStick Pattern Analysis
GRMN Example Setup
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 |
|---|---|---|---|
| 240.98 | 233.50 | 7.48 (3.10%) | 25.00% |
| An entry @240.98. This is a Buy Stop order right above the 10 day moving average. | An exit @233.50. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 7.48 points, which is 3.10%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.78%. |
- The distance between exit and entry is rather small compared to the average daily movement of GRMN. Please evaluate whether better entry and exit points can be found.
- 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.
GRMN Technicals: Chart, Performance Metrics, Trend & Indicators
234.83
+1.31 (+0.56%)
GARMIN LTD / GRMN TA FAQ
What is the ChartMill technical rating of GARMIN LTD (GRMN) stock?
ChartMill assigns a technical rating of 7 / 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 50.8858. 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 positive.
What are the support and resistance levels for GARMIN LTD (GRMN) stock?
GARMIN LTD (GRMN) has a support level at 233.51 and a resistance level at 251.42. Check the full technical report for our detailed analysis of GRMN support and resistance levels.