The Greedy Trader Weekly Analysis
Sign In Feb 16, 2018
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Garmin Ltd.
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Summary:
Weekly :Price is near the Fibonacci 23.6% retracement level
Daily :Price has crossed below the 50 Day Moving AverageThe price has risen above the Parabolic SARBullish Homing Pigeon Candlestick
Move cursor over the icon to see details.

It was the negative week for the Garmin Ltd. (GRMN). During the week, the GRMN dropped -1.19 points, or -1.91%, and closed at 61.22 on Friday, February 09, 2018. Weekly volume was 35% above average.

Long-term trend: [See GRMN long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 14.40 and reached 64.96 on January 24, 2018. GRMN gained -50.56 points, or -351.11%, in 478 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 34.07 and resistance is at 80.12. 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 long-term trend.

Medium-term trend: [See GRMN medium-term trend chart]
A medium-term uptrend had started on April 17, 2017 at 48.50 and reached 64.96 on January 24, 2018. GRMN gained -16.46 points, or -33.94%, in 40 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 technical indicators are neutral.

The weekly MACD line is above its signal line since September 22, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 January 24, 2018 at 64.96 and reached 59.17 on February 6, 2018. GRMN lost 5.79 points, or 8.91%, in 13 days. The chart has formed a Broadening Descending Wedge chart pattern.

Daily Technical Indicators: [See GRMN daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since January 30, 2018. This is an indication that the short-term trend is down.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.

Candlestick pattern: [See GRMN candlestick chart pattern]
On Friday the chart has formed a Bullish Homing Pigeon Candlestick pattern. A Bullish Homing Pigeon pattern occurs in a downtrend. Market usually has a tendency to enter into a congestion phase following a Homing Pigeon pattern.The reliability of the Bullish Homing Pigeon is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Homing Pigeon Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.18
Williams' Percentage Range (W%R) 55.40
Lane's Stochastic (%D-Slow) 42.10
Greed/Fear Indicator (GFI) 40.95
Moving Average Converg./Diverg. (MACD) 0.49
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.82
Williams' Percentage Range (W%R) 24.10
Lane's Stochastic (%D-Slow) 72.98
Greed/Fear Indicator (GFI) 66.63
Moving Average Converg./Diverg. (MACD) 2.41
Trading Signals
Description Value Chart
Upper Bollinger Band 64.45
Weekly Stochastic Crossing 63.32
20 Day Moving Average 62.90
Daily Stochastic Crossing 61.63
50 Day Moving Average 61.34
Price 61.22
Lower Bollinger Band 59.98
Parabolic System 59.30
Sector and Industry
Description Name Rank
Sector Technology 7
Industry Scientific/Tech Instrmnts 105
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 64.96
High Date 01/24/2018
Low 59.17
Low Date 02/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.39
Low Date 12/15/2017
High 64.96
High Date 01/24/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 48.50
Low Date 04/17/2017
High 64.96
High Date 01/24/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.93
Low Date 01/20/2016
High 64.96
High Date 01/24/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 80.12
Support 34.07
Low 14.40
Low Date 11/21/2008
High 64.96
High Date 01/24/2018
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.

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