GOLDMAN SACHS GROUP INC (GS) Stock Technical Analysis
USA - NYSE:GS - US38141G1040 - Common Stock
786.78 USD
+22.42 (+2.93%)
795 USD
+8.22 (+1.04%)
We assign a technical rating of 9 out of 10 to GS. 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.
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 87% of all stocks.
GS is one of the better performing stocks in the Capital Markets industry, it outperforms 93% 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 764.00 - 825.25 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 1714820 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. There is a resistance zone just above the current price starting at 805.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 764.35, 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
474.20
814.39
When analyzing the support we can see 5 important areas.
- A support zone ranging from 747.84 to 764.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @719.24 from a horizontal line in the daily time frame.
- Support @696.56 from a horizontal line in the daily time frame.
- Support @487.04 from a trend line in the weekly time frame.
- Support @478.99 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 805.01 to 806.33. 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 | 87.1 | POSITIVE | GS has a high relative strength, it outperformed 87.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GS is below 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) | 53.36 | NEUTRAL | The RSI value for GS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4.42 | NEGATIVE | The MACD value suggests GS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.07 | NEUTRAL | The Stochastics value for GS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for GS suggests some volalility. |
| Average Directional Index/ADX (14) | 26.95 | 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)
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 |
|---|---|---|---|
| 806.34 | 763.99 | 42.35 (5.25%) | 19.04% |
| An entry @806.34. This is a Buy Stop order right above the resistance zone. | An exit @763.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 42.35 points, which is 5.25%. | When investing 19.04% 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.
786.78
+22.42 (+2.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg2.93%
1 Week-1.26%
2 Weeks-2.16%
1 Month0%
3 Month11.09%
6 Month54.43%
12 Month48.87%
2 Year159.14%
3 Year128.38%
5 Year316.2%
10 Year319.62%
15 Year388.29%
Volatility
ATR(14)19.08
ATR(20)%2.22%
ATR Inc55.6%
Range Today13.17
ADR(20)16.79
ADR(20)%2.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.1
Mansfield1.28
10 Day High809.62
10 Day Low764
20 Day High825.25
20 Day Low764
52 Week High825.25
52 Week Low439.38
CS1 End764.35
CR1 Start805.01
Volume & EV
DER(3)-1.39%
DER(5)-0.99%
Volume2.77M
Volume Incr17.84%
Vol(5)2.06M
Vol(50)1.71M