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Consumer Electronics Industry Stocks Technical Analysis - GRMNArchive
- 10/23/2026 -
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Garmin Ltd. (GRMN) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Garmin Ltd. (GRMN). During the week, the GRMN gained 8.95 points, or 3.14%, and closed at 293.74 on Friday, October 23, 2026. Weekly volume was -26% below average.
 Long-term trend: [See GRMN long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 76.37 and reached 314.28 on August 10, 2026. GRMN gained -237.91 points, or -311.52%, in 199 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (239.06) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See GRMN medium-term trend chart]
A medium-term uptrend had started on November 20, 2025 at 186.67 and reached 314.28 on August 10, 2026. GRMN gained -127.61 points, or -68.36%, in 37 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 258.37 and resistance is at 342.11. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See GRMN weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 2, 2026. The distance between MACD and the signal line is low and getting smaller. 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 August 10, 2026 at 314.28 and reached 262.47 on October 8, 2026. GRMN lost 51.81 points, or 16.49%, in 59 days. The chart has formed a Falling Wedge chart pattern.
 Daily Technical Indicators: [See GRMN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since October 15, 2026. The distance between MACD and the signal line is low, but getting bigger.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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