GARMIN LTD. - Daily - Technical analysis published on 11/13/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 93.22 USD
My targets
96.35 USD (+0.41%)
123.80 USD (+29.01%)
My analysis
The bullish trend is currently very strong on GARMIN LTD.. As long as the price remains above the support at 93.22 USD, you could try to benefit from the boom. The first bullish objective is located at 96.35 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 123.80 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GARMIN LTD. rating 95.96 USD. The price registered a decrease of -0.16% on the session with the lowest point at 95.07 USD and the highest point at 96.67 USD. The deviation from the price is +0.94% for the low point and -0.73% for the high point.95.07
96.67
95.96
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 this Daily chart of GARMIN LTD. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 82.79 | 89.10 | 93.22 | 95.96 | 96.35 | 123.80 |
| Change (%) | -13.72% | -7.15% | -2.86% | - | +0.41% | +29.01% |
| Change | -13.17 | -6.86 | -2.74 | - | +0.39 | +27.84 |
| Level | Intermediate | Major | Intermediate | - | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 93.69 | 94.64 | 95.38 | 96.33 | 97.07 | 98.02 | 98.76 |
| Camarilla | 95.65 | 95.80 | 95.96 | 96.11 | 96.27 | 96.42 | 96.58 |
| Woodie | 93.58 | 94.59 | 95.27 | 96.28 | 96.96 | 97.97 | 98.65 |
| Fibonacci | 94.64 | 95.29 | 95.69 | 96.33 | 96.98 | 97.38 | 98.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 88.14 | 89.74 | 92.81 | 94.41 | 97.48 | 99.08 | 102.15 |
| Camarilla | 94.61 | 95.03 | 95.46 | 95.89 | 96.32 | 96.75 | 97.17 |
| Woodie | 88.89 | 90.11 | 93.56 | 94.78 | 98.23 | 99.45 | 102.90 |
| Fibonacci | 89.74 | 91.52 | 92.62 | 94.41 | 96.19 | 97.29 | 99.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 71.03 | 76.65 | 85.20 | 90.82 | 99.37 | 104.99 | 113.54 |
| Camarilla | 89.85 | 91.15 | 92.45 | 93.75 | 95.05 | 96.35 | 97.65 |
| Woodie | 72.50 | 77.38 | 86.67 | 91.55 | 100.84 | 105.72 | 115.01 |
| Fibonacci | 76.65 | 82.06 | 85.41 | 90.82 | 96.23 | 99.58 | 104.99 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 68.37 | |
| MACD (12,26,9): | 2.8000 | |
| Directional Movement: | 21.58 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 95.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 93.81 | |
| Elder Ray (13): | 2.12 | |
| Super Trend (3,10): | 90.66 | |
| Zig ZAG (10): | 95.84 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 87.95 | |
| TEMA (21): | 96.90 | |
| Williams %R (14): | -15.92 | |
| Chande Momentum Oscillator (20): | 8.26 | |
| Repulse (5,40,3): | 0.3800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4100 | |
| Courbe Coppock: | 18.93 |
| MA7: | 95.17 | |
| MA20: | 91.51 | |
| MA50: | 87.50 | |
| MA100: | 83.36 | |
| MAexp7: | 95.22 | |
| MAexp20: | 92.25 | |
| MAexp50: | 88.26 | |
| MAexp100: | 85.08 | |
| Price / MA7: | +0.83% | |
| Price / MA20: | +4.86% | |
| Price / MA50: | +9.67% | |
| Price / MA100: | +15.12% | |
| Price / MAexp7: | +0.78% | |
| Price / MAexp20: | +4.02% | |
| Price / MAexp50: | +8.72% | |
| Price / MAexp100: | +12.79% |
News
The last news published on GARMIN LTD. at the time of the generation of this analysis was as follows:
- Federal Acquisition Service Issues Solicitation for Garmin Fenix 5 Watches
- HERE and Garmin Celebrate 20-Year Strategic Relationship
- Garmin® to offer most comprehensive U.S. coast line coverage with its expanded and enhanced high-resolution relief shading cartography
- Swim anywhere, train everywhere with the Garmin Swim™ 2, a GPS smartwatch with underwater wrist-based heart rate
- Garmin® announces support of national Runners Alliance
This member declared not having a position on this financial instrument or a related financial instrument.
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