GOLDMAN SACHS GROUP INC. THE - 1H - Technical analysis published on 08/27/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 206.40 USD
My targets
213.81 USD (+1.38%)
216.95 USD (+2.87%)
My analysis
GOLDMAN SACHS GROUP INC. THE is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 206.40 USD. The next resistance located at 213.81 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 216.95 USD. After this resistance, buyers could then target 218.76 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GOLDMAN SACHS GROUP INC. THE rating 210.90 USD. The price registered an increase of +1.78% on the session with the lowest point at 206.41 USD and the highest point at 213.00 USD. The deviation from the price is +2.18% for the low point and -0.99% for the high point.206.41
213.00
210.90
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GOLDMAN SACHS GROUP INC. THE:
Technical
A technical analysis in 1H of this GOLDMAN SACHS GROUP INC. THE chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 202.50 | 206.40 | 210.47 | 210.90 | 213.81 | 216.95 | 218.76 |
| Change (%) | -3.98% | -2.13% | -0.20% | - | +1.38% | +2.87% | +3.73% |
| Change | -8.40 | -4.50 | -0.43 | - | +2.91 | +6.05 | +7.86 |
| Level | Minor | Minor | Intermediate | - | Minor | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 203.49 | 204.26 | 205.74 | 206.51 | 207.99 | 208.76 | 210.24 |
| Camarilla | 206.60 | 206.81 | 207.01 | 207.22 | 207.43 | 207.63 | 207.84 |
| Woodie | 203.85 | 204.44 | 206.10 | 206.69 | 208.35 | 208.94 | 210.60 |
| Fibonacci | 204.26 | 205.12 | 205.65 | 206.51 | 207.37 | 207.90 | 208.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 190.85 | 195.34 | 198.88 | 203.37 | 206.91 | 211.40 | 214.94 |
| Camarilla | 200.22 | 200.96 | 201.69 | 202.43 | 203.17 | 203.90 | 204.64 |
| Woodie | 190.39 | 195.10 | 198.42 | 203.13 | 206.45 | 211.16 | 214.48 |
| Fibonacci | 195.34 | 198.40 | 200.30 | 203.37 | 206.43 | 208.33 | 211.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 156.65 | 175.83 | 186.89 | 206.07 | 217.13 | 236.31 | 247.37 |
| Camarilla | 189.64 | 192.42 | 195.19 | 197.96 | 200.73 | 203.50 | 206.28 |
| Woodie | 152.60 | 173.80 | 182.84 | 204.04 | 213.08 | 234.28 | 243.32 |
| Fibonacci | 175.83 | 187.38 | 194.52 | 206.07 | 217.62 | 224.76 | 236.31 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 76.33 | |
| MACD (12,26,9): | 1.6400 | |
| Directional Movement: | 30.81 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 209.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 205.43 | |
| Elder Ray (13): | 4.64 | |
| Super Trend (3,10): | 207.96 | |
| Zig ZAG (10): | 212.30 | |
| VORTEX (21): | 1.2600 | |
| Stochastique (14,3,5): | 91.87 | |
| TEMA (21): | 210.09 | |
| Williams %R (14): | -14.93 | |
| Chande Momentum Oscillator (20): | 5.32 | |
| Repulse (5,40,3): | 1.7500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 2.56 |
| MA7: | 205.58 | |
| MA20: | 205.48 | |
| MA50: | 204.44 | |
| MA100: | 196.08 | |
| MAexp7: | 209.12 | |
| MAexp20: | 207.21 | |
| MAexp50: | 205.82 | |
| MAexp100: | 205.49 | |
| Price / MA7: | +2.59% | |
| Price / MA20: | +2.64% | |
| Price / MA50: | +3.16% | |
| Price / MA100: | +7.56% | |
| Price / MAexp7: | +0.85% | |
| Price / MAexp20: | +1.78% | |
| Price / MAexp50: | +2.47% | |
| Price / MAexp100: | +2.63% |
Quotes :
2020-08-27 15:17:19
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15 min delayed data
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NYSE Stocks
News
The last news published on GOLDMAN SACHS GROUP INC. THE at the time of the generation of this analysis was as follows:
- Goldman Sachs BDC, Inc. Schedules Earnings Release and Conference Call to Announce Third Quarter 2019 Results
- Patient Access Solutions, Inc. COO, Dr. Donald Chiappetta Exclusive Interview on StockTradersTalk.com
- Patient Access Solutions, Inc. Announces Director of Behavioral Health
- Patient Access Solutions Inc. to Acquire Healthcare Practice
- Patient Access Solutions, Inc. Updates Shareholders
This member declared not having a position on this financial instrument or a related financial instrument.
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