Grmn stock price from a macro lens

From a macro lens, GRMN stock price benefits from strong global demand for GPS-enabled devices, with market expansion anticipated in both consumer and enterprise use cases across the next 12 months. The Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. The thinking is pretty straightforward: analysts who provide earnings estimates closer to the report are likely to have more information. With this in mind, the Expected Surprise Prediction compares the Most Accurate Estimate (being the most recent) against the overall Zacks Consensus Estimate. The percentage difference provides the ESP figure. This is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.' Today’s intraday action shows GRMN stock price holding above its intraday VWAP, a bullish sign followed by many day traders as confirmation of positive market sentiment.