GARMIN LTD (GRMN)
CH0114405324 - Common Stock
We assign a technical rating of 10 out of 10 to GRMN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GRMN is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, GRMN did better than 94% of all other stocks. On top of that, GRMN also shows a nice and consistent pattern of rising prices.
GRMN is part of the Household Durables industry. There are 67 other stocks in this industry. GRMN outperforms 93% of them.
GRMN is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month GRMN has a been trading in the 139.65 - 171.47 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
GRMN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 170.93, a Stop Loss order could be placed below this zone.
More info and screens
100.54
172.66
When analyzing the support we can see 5 important areas.
- A support zone ranging from 168.92 to 170.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @147.52 from a trend line in the daily time frame.
- A support zone ranging from 142.59 to 142.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @110.60 from a trend line in the weekly time frame.
- Support @101.56 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 170.95 to 170.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.17
Mansfield2.47
10 Day High171.47
10 Day Low165.82
20 Day High171.47
20 Day Low139.65
52 Week High171.47
52 Week Low99.61
Performance
1 Week1.19%
2 Weeks2.99%
1 Month22.52%
3 Month39.89%
6 Month43.03%
12 Month64.37%
2 Year61.84%
3 Year20.18%
5 Year123.51%
10 Year190.17%
15 Year719.46%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.57
RSI(14)81.15
LBB153.74
UBB179.97
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 170.96 | 168.91 | 2.05 (1.20%) | 25.00% |
| An entry @170.96. This is a Buy Stop order right above the resistance zone. | An exit @168.91. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.05 points, which is 1.20%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.30%. |
- The distance between exit and entry is rather small compared to the average daily movement of GRMN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
GARMIN LTD
NYSE:GRMN (5/17/2024, 7:04:01 PM)
After market: 170.94 0 (0%)170.94
+0.96 (+0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg0.56%
1 Week1.19%
2 Weeks2.99%
1 Month22.52%
3 Month39.89%
6 Month43.03%
12 Month64.37%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)3.18
ATR(20)%1.66%
ATR Inc
Range Today1.97
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High171.47
10 Day Low165.82
20 Day High171.47
20 Day Low139.65
52 Week High171.47
52 Week Low99.61
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume525.70K
Volume Incr-50.34%
Vol(5)505.16K
Vol(50)923.62K