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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- 4/10/2026 -
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Garmin Ltd. (GRMN) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overbought
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal line
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It was a second positive week after 4 consecutive negative weeks for the Garmin Ltd. (GRMN). During the week, the GRMN gained 19.24 points, or 8.10%, and closed at 256.89 on Friday, April 10, 2026. It was the best weekly gain since February 20, 2026. Weekly volume was -17% 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 93.60% 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 259.07 on April 9, 2026. GRMN gained -72.40 points, or -38.79%, in 20 weeks. Price is near the trend high.

Weekly Technical Indicators: [See GRMN weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

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 March 30, 2026 at 225.37 and reached 259.07 on April 9, 2026. GRMN gained -33.70 points, or -14.95%, in 10 days. The price is now at the 6.47% 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. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.83
Williams' Percentage Range (W%R) 5.00
Strong Overbought
Lane's Stochastic (%D-Slow) 89.33
Overbought
Greed/Fear Indicator (GFI) 84.40
Overbought
Moving Average Converg./Diverg. (MACD) 2.59
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.50
Williams' Percentage Range (W%R) 2.30
Strong Overbought
Lane's Stochastic (%D-Slow) 69.71
Greed/Fear Indicator (GFI) 75.62
Moving Average Converg./Diverg. (MACD) 2.96
Trading Signals
Description Value Chart
Upper Bollinger Band 257.86
Price 256.89
Daily Stochastic Crossing 255.84
Weekly Stochastic Crossing 241.30
20 Day Moving Average 238.84
Parabolic System 237.35
50 Day Moving Average 232.67
Lower Bollinger Band 224.88
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 4
Industry Consumer Electronics 119
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 225.37
Low Date 03/30/2026
High 259.07
High Date 04/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 186.67
Low Date 11/20/2025
High 259.07
High Date 04/09/2026
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.