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Takip Edin: @UscMarketsGRMN Stock Forecast & Garmin Ltd. Chart Analysis
This article provides a detailed analysis of GRMN-Garmin Ltd. stock including a forecast for GRMN shares. It features Garmin Ltd. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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GRMN Historical Data Review
GRMN Current Price Performance Analysis
The Garmin Ltd. - GRMN stock traded on the American stock market, on 06-05-2024, closed at 164.0$ with a %0.59 increased compared to the previous day.
In the last month, the price of GRMN changed by %-2.31 decreased in value, from 167.88 dollars on 05-06-2024 to 164.0 dollars, decreased.
Last year, the price of GRMN was 105.43 dollars on 06-06-2023, and changed by %55.55 increased in value, to 164.0 dollars increased within a year.
The price of Garmin Ltd. stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
GRMN with AI Stock Forecast & Price Target
On the GRMN chart Garmin Ltd. price was recorded as 164.0 Dollars on 06/05/2024.
The artificial intelligence's forecast on GRMN stock is as follows.
The artificial intelligence's prediction error margin for GRMN stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Garmin Ltd. stock over the next 4 months is: 186.2 Dollars.
The commentary on GRMN stock Target Price: Highest: 194.607 Dollars is predicted.
The commentary on GRMN stock Target Price: Lowest: 168.811 Dollars is predicted.
Resistance Price where Garmin Ltd. stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-25-2024 | 194.607 |
| 10-28-2024 | 189.508 |
| 12-02-2024 | 188.693 |
| 03-12-2025 | 185.793 |
Support Price where Garmin Ltd. stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 09-23-2024 | 187.146 |
| 11-27-2024 | 188.492 |
| 01-31-2025 | 174.972 |
| 03-17-2025 | 185.730 |
The commentary on GRMN stock: Fluctuations in the target price can be expected in the coming days.
The target price for Garmin Ltd. stock by the end of 2024 is predicted to be 185.341 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on GRMN stock, and the 2024 target price predictions for Garmin Ltd. are detailed above.
The technical analysis and charts for the commentary on GRMN stock are below.
GRMN Support & Resistance and Trend Analysis
GRMN stock you have reviewed the technical analysis support resistance charts regarding.
GRMN : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the GRMN review, the Garmin Ltd. support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Garmin Ltd. Support and Resistance Prices:
| GRMN Support Level Price | GRMN Resistance Level Price |
|---|---|
| 119.15 | 127.73 |
| 121.32 | 129.32 |
| 138.86 | 149.50 |
| 142.67 | 149.54 |
| 144.84 | 171.64 |
| 160.81 |
GRMN Technical Analysis: SMA, RSI, MACD
Upon reviewing the GRMN chart, buy and sell signals have been generated in the Garmin Ltd. technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for GRMN stock are as follows:- GRMN technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Garmin Ltd. gave a 'Buy' signal when the RSI was at 28.15, with the current RSI value at 33.092.
- The technical analysis for Garmin Ltd. indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Garmin Ltd. stock: Click here to read more predictions on Vonovia SE stock.
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