GARMIN LTD.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	GRMN
ISIN:	CH0114405324

GARMIN LTD. - Daily - Technical analysis published on 01/07/2020 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Court terme: Bullish

De fond: Strongly bullish

Technical indicators

11%

22%

67%

My opinion

Bullish above 95.61 USD

My targets

103.54 USD (+5.99%)

123.80 USD (+26.73%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GARMIN LTD. as long as the price remains well above 95.61 USD. The buyers” bullish objective is set at 103.54 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 123.80 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

FORCE

4.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GARMIN LTD. rating 97.69 USD. The price registered a decrease of -0.02% on the session and was between 96.76 USD and 98.06 USD. This implies that the price is at +0.96% from its lowest and at -0.38% from its highest.

96.76

98.06

97.69

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GARMIN LTD. in Daily shows a strongly overall bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, of the 18 technical indicators analysed by Central Analyzer, 2 are bullish, 12 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	82.00	89.10	95.61	97.69	98.68	123.80
Change (%)	-16.06%	-8.79%	-2.13%	-	+1.01%	+26.73%
Change	-15.69	-8.59	-2.08	-	+0.99	+26.11
Level	Minor	Major	Intermediate	-	Major	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	96.36	96.82	97.26	97.72	98.16	98.62	99.06
Camarilla	97.46	97.55	97.63	97.71	97.79	97.88	97.96
Woodie	96.36	96.82	97.26	97.72	98.16	98.62	99.06
Fibonacci	96.82	97.16	97.37	97.72	98.06	98.27	98.62

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	95.75	96.51	97.11	97.87	98.47	99.23	99.83
Camarilla	97.34	97.46	97.59	97.71	97.84	97.96	98.08
Woodie	95.67	96.47	97.03	97.83	98.39	99.19	99.75
Fibonacci	96.51	97.03	97.35	97.87	98.39	98.71	99.23

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	91.36	93.28	95.42	97.34	99.48	101.40	103.54
Camarilla	96.44	96.82	97.19	97.56	97.93	98.30	98.68
Woodie	91.47	93.34	95.53	97.40	99.59	101.46	103.65
Fibonacci	93.28	94.83	95.79	97.34	98.89	99.85	101.40

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	53.64
MACD (12,26,9):	0.5900
Directional Movement:	3.15
AROON (14):	42.86
DEMA (21):	98.59
Parabolic SAR (0,02-0,02-0,2):	99.26
Elder Ray (13):	-0.46
Super Trend (3,10):	95.02
Zig ZAG (10):	97.69
VORTEX (21):	0.9800
Stochastique (14,3,5):	50.86
TEMA (21):	97.91
Williams %R (14):	-57.93
Chande Momentum Oscillator (20):	-0.19
Repulse (5,40,3):	1.1300
ROCnROLL:	-1
TRIX (15,9):	0.1100
Courbe Coppock:	1.52

MA7:	97.98
MA20:	97.77
MA50:	96.08
MA100:	89.77
MAexp7:	97.91
MAexp20:	97.63
MAexp50:	95.30
MAexp100:	91.32
Price / MA7:	-0.30%
Price / MA20:	-0.08%
Price / MA50:	+1.68%
Price / MA100:	+8.82%
Price / MAexp7:	-0.22%
Price / MAexp20:	+0.06%
Price / MAexp50:	+2.51%
Price / MAexp100:	+6.98%

News

The latest news and videos published on GARMIN LTD. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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