The Greedy Trader Weekly Analysis
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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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- 2/27/2026 -
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Garmin Ltd. (GRMN) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance line
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtThe period of high volatility of the stock price
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It was a fourth positive week after 3 consecutive negative weeks for the Garmin Ltd. (GRMN). During the week, the GRMN gained 3.93 points, or 1.58%, and closed at 252.83 on Friday, February 27, 2026. Weekly volume was 8% above average.

Long-term trend: [See GRMN long-term trend chart]
A long-term downtrend had started on October 9, 2025 at 261.69 and reached 186.67 on November 20, 2025. GRMN lost 75.02 points, or 28.67%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (200.83) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. GRMN may retest the broken resistance line. It is considered to be a support line now. 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 256.80 on February 18, 2026. GRMN gained -70.13 points, or -37.57%, in 12 weeks. The price is now at the 5.66% 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 February 13, 2026. 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 February 5, 2026 at 197.61 and reached 256.80 on February 18, 2026. GRMN gained -59.19 points, or -29.95%, in 13 days. The price is now at the 6.71% retracement level.

Daily Technical Indicators: [See GRMN daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since February 9, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.

The distance between the Bollinger Bands is 149.12% 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) 87.61
Overbought
Williams' Percentage Range (W%R) 9.30
Strong Overbought
Lane's Stochastic (%D-Slow) 90.07
Strong Overbought
Greed/Fear Indicator (GFI) 89.45
Overbought
Moving Average Converg./Diverg. (MACD) 8.63
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.87
Williams' Percentage Range (W%R) 13.90
Overbought
Lane's Stochastic (%D-Slow) 65.21
Greed/Fear Indicator (GFI) 72.40
Moving Average Converg./Diverg. (MACD) -2.62
Trading Signals
Description Value Chart
Upper Bollinger Band 271.99
Daily Stochastic Crossing 255.12
Price 252.83
Weekly Stochastic Crossing 236.13
Parabolic System 232.54
20 Day Moving Average 222.79
50 Day Moving Average 213.06
Lower Bollinger Band 186.94
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 6
Industry Consumer Electronics 91
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 197.61
Low Date 02/05/2026
High 256.80
High Date 02/18/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 186.67
Low Date 11/20/2025
High 256.80
High Date 02/18/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 195.01
Support 200.83
High 261.69
High Date 10/09/2025
Low 186.67
Low Date 11/20/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.37
Low Date 10/13/2022
High 261.69
High Date 10/09/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.40
Low Date 11/21/2008
High 261.69
High Date 10/09/2025
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.