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Downtrend Broken Resist.Archive
- 1/3/2025 -
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Garmin Ltd. (GRMN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Garmin Ltd. (GRMN). During the week, the GRMN dropped -2.20 points, or -1.05%, and closed at 207.20 on Friday, January 3, 2025. Weekly volume was -26% below average.
GRMN is a member of Consumer Discretionary Sector. Consumer Discretionary is the 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 12.81% 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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See GRMN weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic 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. 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 December 11, 2024 at 223.00 and reached 203.30 on January 2, 2025. GRMN lost 19.70 points, or 8.83%, in 22 days. The chart has formed a Descending Triangle chart pattern.
 Daily Technical Indicators: [See GRMN daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since November 19, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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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