GOLDMAN SACHS GROUP INC (GS) Stock Technical Analysis
USA - NYSE:GS - US38141G1040 - Common Stock
805 USD
+0.69 (+0.09%)
803.7 USD
-1.3 (-0.16%)
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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that GS is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, GS also shows a nice and consistent pattern of rising prices.
GS is one of the better performing stocks in the Capital Markets industry, it outperforms 90% of 238 stocks in the same industry.
GS is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month GS has a been trading in the 718.58 - 809.66 range, which is quite wide. It is currently trading near the high of this range.
GS has an average volume of 1844670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although GS has an excellent technical rating, the quality of the presented setup is not ideal 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
813.05
5 important support areas can be observed.
- A support zone ranging from 762.01 to 781.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 715.94 to 738.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @696.56 from a horizontal line in the daily time frame.
- Support @528.70 from a trend line in the weekly time frame.
- A support zone ranging from 478.99 to 484.72. This zone is formed by a combination of multiple trend lines 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 | 88.95 | POSITIVE | GS has a high relative strength, it outperformed 88.95% 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) | 73.07 | OVERBOUGHT | The high RSI value suggests GS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.26 | POSITIVE | The MACD value suggests GS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.22 | OVERBOUGHT | The high Stochastics value suggests GS may be overbought. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for GS suggests low volalility. |
| Average Directional Index/ADX (14) | 31.72 | POSITIVE | The high ADX value value for GS suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
805
+0.69 (+0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.09%
1 Week3.2%
2 Weeks9.05%
1 Month12.44%
3 Month25.62%
6 Month42.44%
12 Month61.51%
2 Year148.79%
3 Year174.7%
5 Year300.56%
10 Year363.28%
15 Year456.79%
Volatility
ATR(14)16.41
ATR(20)%1.92%
ATR Inc-14.04%
Range Today12.29
ADR(20)14.56
ADR(20)%1.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.95
Mansfield1.79
10 Day High809.66
10 Day Low733.57
20 Day High809.66
20 Day Low718.58
52 Week High809.66
52 Week Low439.38
CS1 End781.6
CR1 StartN/A
Volume & EV
DER(3)1.11%
DER(5)-0.01%
Volume3.79M
Volume Incr20.04%
Vol(5)2.01M
Vol(50)1.84M