GOLDMAN SACHS GROUP INC (GS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GS - US38141G1040 - Common Stock
Overall GS gets a technical rating of 10 out of 10. 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, 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
We found 6 important support areas.
- A support zone ranging from 902.40 to 919.57. 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 872.33 to 878.99. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 839.17 to 854.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @730.56 from a horizontal line in the daily time frame.
- Support @494.00 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 | 91.54 | POSITIVE | GS has a high relative strength, it outperformed 91.54% 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) | 65.28 | NEUTRAL | The RSI value for GS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.43 | POSITIVE | The MACD value suggests GS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.4 | NEUTRAL | The Stochastics value for GS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for GS suggests some volalility. |
| Average Directional Index/ADX (14) | 36.21 | POSITIVE | The high ADX value value for GS suggests a strong trend. |
938.98
+4.15 (+0.44%)
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.
Can you provide the trend direction for GOLDMAN SACHS GROUP INC?
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 65.2806. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for GOLDMAN SACHS GROUP INC?
The buy/sell signal for GOLDMAN SACHS GROUP INC (GS) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for GOLDMAN SACHS GROUP INC?
GOLDMAN SACHS GROUP INC (GS) has a support level at 919.57. Check the full technical report for our detailed analysis of GS support and resistance levels.