GOLDMAN SACHS GROUP INC (GS) Stock Technical Analysis
NYSE:GS - New York Stock Exchange, Inc. - US38141G1040 - Common Stock - Currency: USD
Taking everything into account, GS scores 9 out of 10 in our technical rating. 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.
Both the short term and long term trends are positive. This is a very positive sign.
GS is one of the better performing stocks in the Capital Markets industry, it outperforms 88% of 233 stocks in the same industry.
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.
GS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
GS has an average volume of 2247210 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 90% of all stocks. However, this relatively good performance is mostly due to a recent big move.
GS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
474.14
730.93
3 important support areas can be observed.
- A support zone ranging from 696.55 to 704.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @504.58 from a trend line in the weekly time frame.
- A support zone ranging from 478.93 to 478.99. 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 723.69 to 723.69. 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 | 90.88 | POSITIVE | GS has a high relative strength, it outperformed 90.88% 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) | 67.87 | NEUTRAL | The RSI value for GS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests GS has a negative trend. |
| Stochastics (14,3) | 77.24 | NEUTRAL | The Stochastics value for GS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for GS suggests low volalility. |
| Average Directional Index/ADX (14) | 36.91 | 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)
704.95
-4.17 (-0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-0.59%
1 Week-2.59%
2 Weeks2.59%
1 Month12.94%
3 Month42.58%
6 Month25.88%
12 Month46.9%
2 Year98.09%
3 Year111.45%
5 Year256.11%
10 Year243.76%
15 Year367.41%
Volatility
ATR(14)14.4
ATR(20)%1.97%
ATR Inc-21.07%
Range Today5.77
ADR(20)12.26
ADR(20)%1.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.88
Mansfield1.55
10 Day High726
10 Day Low685.39
20 Day High726
20 Day Low609.59
52 Week High726
52 Week Low437.37
CS1 End704.94
CR1 Start723.69
Volume & EV
DER(3)-0.89%
DER(5)-1.39%
Volume1.68M
Volume Incr-3.3%
Vol(5)2.23M
Vol(50)2.25M