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Uptrend ExhaustionArchive
- 4/19/2024 -
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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 -3.59 points, or -2.51%, and closed at 139.52 on Friday, April 19, 2024. Weekly volume was 63% above average.
 Long-term trend: [See GRMN long-term trend chart]
A long-term downtrend had started on August 31, 2021 at 178.81 and reached 76.37 on October 13, 2022. GRMN lost 102.44 points, or 57.29%, in 58 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (110.22) 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 October 27, 2023 at 99.62 and reached 149.54 on March 28, 2024. GRMN gained -49.92 points, or -50.11%, in 21 weeks. The price is now at the 20.07% retracement level.
 Weekly Technical Indicators: [See GRMN weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 Lane's Stochastic help.
The weekly MACD line is above its signal line since February 16, 2024. 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 March 28, 2024 at 149.54 and reached 138.86 on April 19, 2024. GRMN lost 10.68 points, or 7.14%, in 22 days. The price is now at the 6.18% retracement level.
 Daily Technical Indicators: [See GRMN daily technical indicators chart]
Daily Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Lane's Stochastic.
The daily MACD line is below its signal line since March 20, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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