The Greedy Trader Weekly Analysis
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Garmin Ltd.
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtThe price has fallen below the Parabolic SAR
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It was the negative week for the Garmin Ltd. (GRMN). During the week, the GRMN gave back -0.22 points, or -0.32%, and closed at 67.92 on Friday, September 07, 2018. GRMN was trading at average weekly trading volume.

Long-term trend: [See GRMN long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 14.40 and reached 69.11 on September 6, 2018. GRMN gained -54.71 points, or -379.93%, in 510 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 34.58 and resistance is at 83.02. 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 25, 2018 at 57.01 and reached 69.11 on September 6, 2018. GRMN gained -12.10 points, or -21.22%, in 19 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (63.51) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 6, 2018. 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 August 13, 2018 at 63.40 and reached 69.11 on September 6, 2018. GRMN gained -5.71 points, or -9.01%, in 24 days. The price is now at the 20.84% retracement level.

Daily Technical Indicators: [See GRMN daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.

The daily MACD line is above its signal line since August 24, 2018. This is an indication that the short-term trend is up.

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) 66.71
Williams' Percentage Range (W%R) 2.10
Strong Overbought
Lane's Stochastic (%D-Slow) 87.22
Overbought
Greed/Fear Indicator (GFI) 83.94
Overbought
Moving Average Converg./Diverg. (MACD) 1.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.40
Williams' Percentage Range (W%R) 1.00
Strong Overbought
Lane's Stochastic (%D-Slow) 88.09
Overbought
Greed/Fear Indicator (GFI) 81.98
Overbought
Moving Average Converg./Diverg. (MACD) 1.26
Trading Signals
Description Value Chart
Upper Bollinger Band 70.00
Daily Stochastic Crossing 68.67
Weekly Stochastic Crossing 68.16
Parabolic System 68.03
Price 67.92
Monthly Trendline Resistance 66.62
20 Day Moving Average 65.95
50 Day Moving Average 64.28
Monthly Trendline Support 63.51
Lower Bollinger Band 62.77
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Scientific/Tech Instrmnts 103
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 63.40
Low Date 08/13/2018
High 69.11
High Date 09/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 59.39
Low Date 06/25/2018
High 69.11
High Date 09/06/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 66.62
Support 63.51
Low 57.01
Low Date 04/25/2018
High 69.11
High Date 09/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.93
Low Date 01/20/2016
High 69.11
High Date 09/06/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 83.02
Support 34.58
Low 14.40
Low Date 11/21/2008
High 69.11
High Date 09/06/2018
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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