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.

Archive
- 3/13/2026 -
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Garmin Ltd. (GRMN) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Price is near the Fibonacci 38.2% retracement levelThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Garmin Ltd. (GRMN). During the week, the GRMN dropped -9.96 points, or -4.09%, and closed at 233.52 on Friday, March 13, 2026. It was the worst weekly loss since November 7, 2025. Weekly volume was -25% 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 chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (202.97) 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 long-term trend.

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 33.20% 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 uptrend had started on February 5, 2026 at 197.61 and reached 256.80 on February 18, 2026. GRMN gained -59.19 points, or -29.95%, in 13 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.

During the last week, the price has declined below 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) 33.01
Williams' Percentage Range (W%R) 38.00
Lane's Stochastic (%D-Slow) 23.52
Greed/Fear Indicator (GFI) 39.50
Moving Average Converg./Diverg. (MACD) 8.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.68
Williams' Percentage Range (W%R) 28.40
Lane's Stochastic (%D-Slow) 74.02
Greed/Fear Indicator (GFI) 67.57
Moving Average Converg./Diverg. (MACD) -0.40
Trading Signals
Description Value Chart
Upper Bollinger Band 258.66
Parabolic System 249.01
Weekly Stochastic Crossing 245.61
20 Day Moving Average 242.27
Daily Stochastic Crossing 235.13
Price 233.52
50 Day Moving Average 220.81
Lower Bollinger Band 214.78
Monthly Trendline Support 202.97
Monthly Trendline Resistance 188.07
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 4
Industry Consumer Electronics 100
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 197.61
Low Date 02/05/2026
High 256.80
High Date 02/18/2026
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 Symmetric Triangle
Status Broken Resistance
Resistance 188.07
Support 202.97
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.