GOLDMAN SACHS GROUP INC (GS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GS - US38141G1040 - Common Stock
We assign a technical rating of 10 out of 10 to GS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GS is showing a nice and steady performance.
Although GS has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
474.20
5 important support areas can be observed.
- A support zone ranging from 799.42 to 803.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 765.36 to 774.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @730.56 from a horizontal line in the daily time frame.
- Support @491.68 from a trend line in the weekly time frame.
- Support @478.99 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for GS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GS is up. |
| ChartMill Relative Strength | 89.66 | POSITIVE | GS has a high relative strength, it outperformed 89.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.48 | NEUTRAL | The RSI value for GS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 8.46 | POSITIVE | The MACD value suggests GS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.3 | OVERBOUGHT | The high Stochastics value suggests GS may be overbought. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for GS suggests some volalility. |
| Average Directional Index/ADX (14) | 30.81 | POSITIVE | The high ADX value value for GS suggests a strong trend. |
887.96
-23.07 (-2.53%)
GOLDMAN SACHS GROUP INC / GS FAQ
Can you provide the ChartMill technical rating for GOLDMAN SACHS GROUP INC?
ChartMill assigns a technical rating of 10 / 10 to GS.
What is the trend direction for GS stock?
The current trend direction for GOLDMAN SACHS GROUP INC (GS) is Bullish.
What is the RSI signal for GOLDMAN SACHS GROUP INC (GS) stock?
GOLDMAN SACHS GROUP INC (GS) has an RSI value of 67.4769. This indicates that the stock is currently neutral.
What is the short term momentum for GS stock?
The short term momentum for GOLDMAN SACHS GROUP INC (GS) is positive.
What is the support and resistance level for GS stock?
GOLDMAN SACHS GROUP INC (GS) has a support level at 803.46. Check the full technical report for our detailed analysis of GS support and resistance levels.