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Consumer Electronics Industry Stocks Technical Analysis - GRMN

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- 11/22/2024 -
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Garmin Ltd. (GRMN) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overbought
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe period of high volatility of the stock price
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It was a first positive week for the Garmin Ltd. (GRMN). During the week, the GRMN climbed 1.80 points, or 0.86%, and closed at 210.00 on Friday, November 22, 2024. Weekly volume was -21% below average.

Long-term trend: [See GRMN long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 99.62 and reached 215.60 on November 14, 2024. GRMN gained -115.98 points, or -116.42%, in 54 weeks. Price is near the trend high.

Medium-term trend: [See GRMN medium-term trend chart]
A medium-term uptrend had started on October 7, 2024 at 160.94 and reached 215.60 on November 14, 2024. GRMN gained -54.66 points, or -33.96%, in 5 weeks. The price is now at the 10.25% retracement level.

Weekly Technical Indicators: [See GRMN weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 1, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See GRMN short-term trend chart]
A short-term downtrend had started on November 14, 2024 at 215.60 and reached 204.20 on November 20, 2024. GRMN lost 11.40 points, or 5.29%, in 6 days. The price is now at the 50.88% retracement level.

Daily Technical Indicators: [See GRMN daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

The distance between the Bollinger Bands is 111.71% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.38
Williams' Percentage Range (W%R) 12.00
Overbought
Lane's Stochastic (%D-Slow) 30.65
Greed/Fear Indicator (GFI) 62.01
Moving Average Converg./Diverg. (MACD) 9.39
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.30
Williams' Percentage Range (W%R) 11.30
Overbought
Lane's Stochastic (%D-Slow) 68.77
Greed/Fear Indicator (GFI) 72.37
Moving Average Converg./Diverg. (MACD) 8.80
Trading Signals
Description Value Chart
Upper Bollinger Band 227.51
Price 210.00
Daily Stochastic Crossing 207.48
Weekly Stochastic Crossing 206.69
Parabolic System 206.24
20 Day Moving Average 203.57
50 Day Moving Average 182.75
Lower Bollinger Band 174.67
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 6
Industry Consumer Electronics 98
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 215.60
High Date 11/14/2024
Low 204.20
Low Date 11/20/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 160.94
Low Date 10/07/2024
High 215.60
High Date 11/14/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 99.62
Low Date 10/27/2023
High 215.60
High Date 11/14/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.37
Low Date 10/13/2022
High 215.60
High Date 11/14/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.40
Low Date 11/21/2008
High 215.60
High Date 11/14/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.