GOLDMAN SACHS BDC INC (GSBD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GSBD - US38147U1079 - Common Stock
Taking everything into account, GSBD scores 0 out of 10 in our technical rating. GSBD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, GSBD is a bad performer in the overall market: 83% of all stocks are doing better.
- GSBD is one of the lesser performing stocks in the Capital Markets industry. 75% of 238 stocks in the same industry do better.
- GSBD is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month GSBD has a been trading in the 8.92 - 9.70 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.
- GSBD has an average volume of 1403340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, GSBD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 9.59. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.39, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GSBD in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
9.06
We found 1 important support area.
- A support zone ranging from 9.15 to 9.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 9.59 to 9.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.99 to 10.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.33 from a trend line in the weekly time frame.
- Resistance @11.38 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for GSBD is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GSBD is neutral. |
| ChartMill Relative Strength | 17.95 | NEGATIVE | GSBD has a low relative strength, it was outperformed by 82.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GSBD is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GSBD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GSBD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.04 | NEUTRAL | The RSI value for GSBD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests GSBD has a positive trend. |
| Stochastics (14,3) | 84.75 | OVERBOUGHT | The high Stochastics value suggests GSBD may be overbought. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for GSBD suggests low volalility. |
| Average Directional Index/ADX (14) | 30.94 | POSITIVE | The high ADX value value for GSBD suggests a strong trend. |
9.41
+0.01 (+0.11%)
GOLDMAN SACHS BDC INC / GSBD FAQ
What is the technical rating for GSBD stock?
ChartMill assigns a technical rating of 0 / 10 to GSBD.
What is the current trend direction of GOLDMAN SACHS BDC INC (GSBD) stock?
The current trend direction for GOLDMAN SACHS BDC INC (GSBD) is Bearish.
What is the RSI signal for GOLDMAN SACHS BDC INC (GSBD) stock?
GOLDMAN SACHS BDC INC (GSBD) has an RSI value of 49.0386. This indicates that the stock is currently neutral.
What is the short term momentum for GSBD stock?
The short term momentum for GOLDMAN SACHS BDC INC (GSBD) is neutral.
Can you provide the support and resistance levels for GOLDMAN SACHS BDC INC?
GOLDMAN SACHS BDC INC (GSBD) has a support level at 9.39 and a resistance level at 9.59. Check the full technical report for our detailed analysis of GSBD support and resistance levels.