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Downtrend Broken Resist.Archive
- 7/24/2026 -
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Garmin Ltd. (GRMN) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Garmin Ltd. (GRMN). During the week, the GRMN dropped -6.53 points, or -2.62%, and closed at 243.03 on Friday, July 24, 2026. It was the worst weekly loss since May 29, 2026. Weekly volume was -20% below average.
 Long-term trend: [See GRMN long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 76.37 and reached 273.32 on April 17, 2026. GRMN gained -196.95 points, or -257.89%, in 183 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 213.07 and resistance is at 279.63. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.
 Medium-term trend: [See GRMN medium-term trend chart]
A medium-term downtrend had started on April 17, 2026 at 273.32 and reached 224.54 on May 19, 2026. GRMN lost 48.78 points, or 17.85%, in 4 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (231.40) 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 medium-term trend.
 Weekly Technical Indicators: [See GRMN weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since May 15, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 May 19, 2026 at 224.54 and reached 253.49 on July 17, 2026. GRMN gained -28.95 points, or -12.89%, in 59 days. The chart has formed a Rising Channel chart pattern.
Daily Technical Indicators: [See GRMN daily technical indicators chart]
Daily technical indicators are neutral.
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.
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