GOLDMAN SACHS GROUP INC (GS) Stock Technical Analysis
NYSE:GS - US38141G1040 - Common Stock
745.25 USD
-5.97 (-0.79%)
745.26 USD
0.01 (0%)
Taking everything into account, GS scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, GS has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, GS did better than 87% of all other stocks. We also observe that the gains produced by GS over the past year are nicely spread over this period.
GS is part of the Capital Markets industry. There are 239 other stocks in this industry. GS outperforms 86% of them.
GS is currently trading near its 52 week high, which is a good sign. 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 705.55 - 753.33 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
GS has an average volume of 2065340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 736.47, a Stop Loss order could be placed below this zone.
More info and screens
474.20
758.74
We found 5 important support areas.
- A support zone ranging from 732.32 to 736.47. 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 709.56 to 719.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 696.56 to 697.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @521.46 from a trend line in the weekly time frame.
- A support zone ranging from 478.99 to 482.99. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 745.26 to 751.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 87.9 | POSITIVE | GS has a high relative strength, it outperformed 87.9% 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) | 59.49 | NEUTRAL | The RSI value for GS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests GS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.55 | OVERBOUGHT | The high Stochastics value suggests GS may be overbought. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for GS suggests low volalility. |
| Average Directional Index/ADX (14) | 19.34 | NEGATIVE | The low ADX value for GS suggests a weak or negative 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)
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 |
|---|---|---|---|
| 751.24 | 732.31 | 18.93 (2.52%) | 25.00% |
| An entry @751.24. This is a Buy Stop order right above the resistance zone. | An exit @732.31. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 18.93 points, which is 2.52%. | For a 0.63% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GS. Please evaluate whether better entry and exit points can be found.
- 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.
745.25
-5.97 (-0.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-0.79%
1 Week0.45%
2 Weeks1.99%
1 Month5.03%
3 Month24.12%
6 Month19.76%
12 Month46.06%
2 Year127.41%
3 Year124.02%
5 Year263.77%
10 Year295.15%
15 Year444.26%
Volatility
ATR(14)14.33
ATR(20)%1.83%
ATR Inc-34.49%
Range Today10.02
ADR(20)12.68
ADR(20)%1.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.9
Mansfield1.43
10 Day High753.33
10 Day Low705.55
20 Day High753.33
20 Day Low705.55
52 Week High753.33
52 Week Low439.38
CS1 End736.47
CR1 Start745.26
Volume & EV
DER(3)-1.42%
DER(5)-0.52%
Volume1.47M
Volume Incr-17.04%
Vol(5)1.46M
Vol(50)2.07M