GOLDMAN SACHS GROUP INC (GS)
US38141G1040 - Common Stock
Taking everything into account, GS scores 6 out of 10 in our technical rating. Although GS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
GS is one of the better performing stocks in the Capital Markets industry, it outperforms 76% of 209 stocks in the same industry.
GS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GS is performing more or less in line with the market.
GS has an average volume of 2341690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that GS is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month GS has a been trading in the 387.12 - 419.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
GS has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 417.70. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 395.43, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
290.12
421.88
When analyzing the support we can see 3 important areas.
- A support zone ranging from 384.36 to 395.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 376.91 to 377.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @293.05 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 417.70 to 417.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.37
Mansfield0.55
10 Day High413.22
10 Day Low387.12
20 Day High419.2
20 Day Low387.12
52 Week High419.2
52 Week Low289.36
Performance
1 Week1.42%
2 Weeks-0.77%
1 Month1.67%
3 Month5.47%
6 Month34.35%
12 Month17.99%
2 Year31.96%
3 Year15.69%
5 Year95.76%
10 Year152.23%
15 Year213.7%
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)
Technical Indicators
MACD(12,26,9)-1.44
RSI(14)51.86
LBB391
UBB418.39
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 417.71 | 387.11 | 30.60 (7.33%) | 13.65% |
| An entry @417.71. This is a Buy Stop order right above the resistance zone. | An exit @387.11. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 30.60 points, which is 7.33%. | For a 1.00% total portfolio risk, you can invest 13.65% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
GOLDMAN SACHS GROUP INC
NYSE:GS (4/19/2024, 9:18:10 AM)
405.99
+2.88 (+0.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.71%
1 Week1.42%
2 Weeks-0.77%
1 Month1.67%
3 Month5.47%
6 Month34.35%
12 Month17.99%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)9.27
ATR(20)%2.27%
ATR Inc
Range Today3.17
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High413.22
10 Day Low387.12
20 Day High419.2
20 Day Low387.12
52 Week High419.2
52 Week Low289.36
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume22.76K
Volume Incr83.06%
Vol(5)3.92M
Vol(50)2.34M