|
|
Archive
- 12/13/2024 -
Sign In to see current Signals. |
Garmin Ltd. (GRMN) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Garmin Ltd. (GRMN). During the week, the GRMN dropped -3.18 points, or -1.45%, and closed at 215.40 on Friday, December 13, 2024. GRMN was trading at average weekly trading volume.
GRMN is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See GRMN long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 99.62 and reached 223.00 on December 11, 2024. GRMN gained -123.38 points, or -123.85%, in 58 weeks. The price is now at the 6.16% retracement level.
Medium-term trend: [See GRMN medium-term trend chart]
A medium-term uptrend had started on October 7, 2024 at 160.94 and reached 223.00 on December 11, 2024. GRMN gained -62.06 points, or -38.56%, in 9 weeks. The price is now at the 12.25% retracement level.
 Weekly Technical Indicators: [See GRMN weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 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 uptrend had started on November 20, 2024 at 204.20 and reached 223.00 on December 11, 2024. GRMN gained -18.80 points, or -9.21%, in 21 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See GRMN daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.
The daily MACD line is below its signal line since November 19, 2024. The distance between MACD and the signal line is low, but getting bigger.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
| |
|
|