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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- 4/2/2026 -
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Garmin Ltd. (GRMN) Technical Analysis

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Summary:
Weekly :
Daily :The price has risen above the Parabolic SARPrice is near the Fibonacci 38.2% retracement levelThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week after 4 consecutive negative weeks for the Garmin Ltd. (GRMN). During the week, the GRMN gained 7.49 points, or 3.25%, and closed at 237.65 on Thursday, April 2, 2026. It was the best weekly gain since February 20, 2026. Weekly volume was -28% below 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 price is now at the 67.96% retracement level.

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 27.31% retracement 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 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 downtrend had started on February 18, 2026 at 256.80 and reached 225.37 on March 30, 2026. GRMN lost 31.43 points, or 12.24%, in 40 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The daily MACD line is below its signal line since March 5, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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 moved above the moving average in the center of the Bollinger Bands. 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) 53.81
Williams' Percentage Range (W%R) 59.20
Lane's Stochastic (%D-Slow) 32.30
Greed/Fear Indicator (GFI) 42.29
Moving Average Converg./Diverg. (MACD) 1.52
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.33
Williams' Percentage Range (W%R) 32.90
Lane's Stochastic (%D-Slow) 69.99
Greed/Fear Indicator (GFI) 64.56
Moving Average Converg./Diverg. (MACD) 2.17
Trading Signals
Description Value Chart
Upper Bollinger Band 244.88
Price 237.65
20 Day Moving Average 236.29
Weekly Stochastic Crossing 236.29
Daily Stochastic Crossing 233.31
50 Day Moving Average 228.24
Lower Bollinger Band 226.24
Parabolic System 225.82
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 4
Industry Consumer Electronics 103
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 256.80
High Date 02/18/2026
Low 225.37
Low Date 03/30/2026
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 DownTrend
Status
Resistance
Support
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.