The Greedy Trader Weekly Analysis
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Garmin Ltd.
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Summary:
Weekly :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARBroken trend resistance line
Move cursor over the icon to see details.

It was the negative week for the Garmin Ltd. (GRMN). During the week, the GRMN gave back -0.56 points, or -0.91%, and closed at 61.23 on Friday, December 01, 2017. It was the worst weekly loss since September 1, 2017. Weekly volume was -14% below 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 63.15 on November 29, 2017. GRMN gained -48.75 points, or -338.54%, in 470 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 33.91 and resistance is at 79.17. 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 63.15 on November 29, 2017. GRMN gained -14.65 points, or -30.21%, in 32 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend resistance line (52.66) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 medium-term trend.

Weekly Technical Indicators: [See GRMN weekly technical indicators chart]
Weekly 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 weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

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 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 August 1, 2017 at 49.80 and reached 63.15 on November 29, 2017. GRMN gained -13.35 points, or -26.81%, in 120 days. The chart has formed a Descending Triangle chart pattern. The uptrend resistance line (54.22) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 short-term trend.

Daily Technical Indicators: [See GRMN daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.74
Williams' Percentage Range (W%R) 21.80
Lane's Stochastic (%D-Slow) 64.93
Greed/Fear Indicator (GFI) 65.28
Moving Average Converg./Diverg. (MACD) 1.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 87.31
Overbought
Williams' Percentage Range (W%R) 7.20
Strong Overbought
Lane's Stochastic (%D-Slow) 92.13
Strong Overbought
Greed/Fear Indicator (GFI) 84.75
Overbought
Moving Average Converg./Diverg. (MACD) 1.58
Trading Signals
Description Value Chart
Parabolic System 63.21
Upper Bollinger Band 62.81
Weekly Stochastic Crossing 62.42
Daily Stochastic Crossing 62.18
Price 61.23
20 Day Moving Average 60.99
Lower Bollinger Band 58.48
50 Day Moving Average 57.51
Weekly Trendline Support 54.22
Monthly Trendline Support 52.66
Weekly Trendline Resistance 52.59
Monthly Trendline Resistance 52.25
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Scientific/Tech Instrmnts 126
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 51.62
Low Date 09/20/2017
High 63.15
High Date 11/29/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 52.59
Support 54.22
Low 49.80
Low Date 08/01/2017
High 63.15
High Date 11/29/2017
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Resistance
Resistance 52.25
Support 52.66
Low 48.50
Low Date 04/17/2017
High 63.15
High Date 11/29/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.93
Low Date 01/20/2016
High 63.15
High Date 11/29/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 79.17
Support 33.91
Low 14.40
Low Date 11/21/2008
High 63.15
High Date 11/29/2017
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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