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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 8/1/2025 -
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Garmin Ltd. (GRMN) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtStochastic has declined below the signal lineBroken trend resistance lineTrend resistance at 218.79
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Garmin Ltd. (GRMN). During the week, the GRMN dropped -16.90 points, or -7.17%, and closed at 218.73 on Friday, August 1, 2025. It was the worst weekly loss since April 4, 2025. Weekly volume was 64% above average.

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 downtrend had started on February 19, 2025 at 246.50 and reached 169.30 on April 7, 2025. GRMN lost 77.20 points, or 31.32%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (214.20) is broken. A broken support is considered to be a long-term bullish signal. 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 April 7, 2025 at 169.30 and reached 242.47 on July 30, 2025. GRMN gained -73.17 points, or -43.22%, in 16 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend resistance line (218.79). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

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. 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since July 3, 2025. 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 uptrend had started on June 18, 2025 at 197.36 and reached 242.47 on July 30, 2025. GRMN gained -45.11 points, or -22.86%, in 42 days. The chart has formed a Broadening Ascending Wedge 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. 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. Use the following link to access Williams' Percentage Range help.

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

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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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) 51.35
Williams' Percentage Range (W%R) 84.90
Oversold
Lane's Stochastic (%D-Slow) 44.12
Greed/Fear Indicator (GFI) 36.86
Moving Average Converg./Diverg. (MACD) 5.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.64
Williams' Percentage Range (W%R) 34.30
Lane's Stochastic (%D-Slow) 89.47
Overbought
Greed/Fear Indicator (GFI) 72.24
Moving Average Converg./Diverg. (MACD) 3.32
Trading Signals
Description Value Chart
Upper Bollinger Band 238.30
Parabolic System 237.36
Weekly Stochastic Crossing 237.20
20 Day Moving Average 223.71
Daily Stochastic Crossing 223.28
Weekly Trendline Resistance 218.79
Price 218.73
Weekly Trendline Support 214.23
Monthly Trendline Support 214.20
50 Day Moving Average 212.50
Lower Bollinger Band 207.17
Monthly Trendline Resistance 195.88
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 8
Industry Consumer Electronics 98
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 197.36
Low Date 06/18/2025
High 242.47
High Date 07/30/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Resistance
Resistance 218.79
Support 214.23
Low 169.30
Low Date 04/07/2025
High 242.47
High Date 07/30/2025
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 195.88
Support 214.20
High 246.50
High Date 02/19/2025
Low 169.30
Low Date 04/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.37
Low Date 10/13/2022
High 246.50
High Date 02/19/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.40
Low Date 11/21/2008
High 246.50
High Date 02/19/2025
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.