GOLDMAN SACHS GROUP INC (GS) Stock Technical Analysis
NYSE:GS • US38141G1040
Taking everything into account, GS scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that GS is one of the better performing stocks in the market, outperforming 86% 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 237 stocks in the same industry.
- GS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GS is lagging the market slightly.
- In the last month GS has a been trading in the 869.00 - 968.39 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- GS has an average volume of 2349870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, GS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 920.76, a Stop Loss order could be placed below this zone.
More info and screens
474.20
4 important support areas can be observed.
- A support zone ranging from 890.40 to 920.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 861.52 to 872.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @497.48 from a trend line in the weekly time frame.
- Support @478.99 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @946.33 from a horizontal line in the daily time frame.
- A resistance zone ranging from 962.01 to 975.87. 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 | NEUTRAL | NEUTRAL | The short term trend for GS is neutral. |
| ChartMill Relative Strength | 86.08 | POSITIVE | GS has a high relative strength, it outperformed 86.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GS is below a declining 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) | 49.5 | NEUTRAL | The RSI value for GS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.7 | NEGATIVE | The MACD value suggests GS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.55 | NEUTRAL | The Stochastics value for GS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for GS suggests some volalility. |
| Average Directional Index/ADX (14) | 15.61 | NEGATIVE | The low ADX value for GS suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 946.34 | 890.39 | 55.95 (5.91%) | 16.91% |
| An entry @946.34. This is a Buy Stop order right above the resistance zone. | An exit @890.39. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 55.95 points, which is 5.91%. | When investing 16.91% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
922.24
+5.59 (+0.61%)
GOLDMAN SACHS GROUP INC / GS FAQ
Can you provide the ChartMill technical rating for GOLDMAN SACHS GROUP INC?
ChartMill assigns a technical rating of 8 / 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 49.5028. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for GOLDMAN SACHS GROUP INC?
GOLDMAN SACHS GROUP INC (GS) has a support level at 920.76 and a resistance level at 946.33. Check the full technical report for our detailed analysis of GS support and resistance levels.