GOLDMAN SACHS GROUP INC. THE

- USD (-)

- 15 min delayed data - NYSE Stocks

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Change:	-
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Type:	Stocks
Ticker:	GS
ISIN:

GOLDMAN SACHS GROUP INC. THE - Daily - Technical analysis published on 03/06/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 375.01 USD

My targets

398.37 USD (+1.97%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GOLDMAN SACHS GROUP INC. THE as long as the price remains well above 375.01 USD. The buyers' bullish objective is set at 398.37 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

7.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

GOLDMAN SACHS GROUP INC. THE rating 390.67 USD. The price registered a decrease of -0.06% on the session with the lowest point at 384.52 USD and the highest point at 395.29 USD. The deviation from the price is +1.60% for the low point and -1.17% for the high point.

384.52

395.29

390.67

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by GOLDMAN SACHS GROUP INC. THE:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of GOLDMAN SACHS GROUP INC. THE indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	325.18	350.95	375.01	390.67	398.37
Change (%)	-16.76%	-10.17%	-4.01%	-	+1.97%
Change	-65.49	-39.72	-15.66	-	+7.70
Level	Minor	Major	Intermediate	-	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	381.14	385.72	388.32	392.90	395.50	400.08	402.68
Camarilla	388.94	389.59	390.25	390.91	391.57	392.23	392.89
Woodie	380.14	385.23	387.32	392.41	394.50	399.59	401.68
Fibonacci	385.72	388.47	390.16	392.90	395.65	397.34	400.08

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	372.84	379.05	383.57	389.78	394.30	400.51	405.03
Camarilla	385.15	386.13	387.12	388.10	389.08	390.07	391.05
Woodie	372.01	378.63	382.74	389.36	393.47	400.09	404.20
Fibonacci	379.05	383.15	385.68	389.78	393.88	396.41	400.51

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	352.33	362.44	375.75	385.86	399.17	409.28	422.59
Camarilla	382.61	384.76	386.90	389.05	391.20	393.34	395.49
Woodie	353.92	363.24	377.34	386.66	400.76	410.08	424.18
Fibonacci	362.44	371.39	376.92	385.86	394.81	400.34	409.28

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	58.14
MACD (12,26,9):	3.4800
Directional Movement:	9.83
AROON (14):	92.86
DEMA (21):	390.95
Parabolic SAR (0,02-0,02-0,2):	381.65
Elder Ray (13):	1.43
Super Trend (3,10):	370.90
Zig ZAG (10):	390.60
VORTEX (21):	1.0100
Stochastique (14,3,5):	74.03
TEMA (21):	390.64
Williams %R (14):	-32.71
Chande Momentum Oscillator (20):	8.88
Repulse (5,40,3):	-1.0200
ROCnROLL:	1
TRIX (15,9):	0.1100
Courbe Coppock:	4.71

MA7:	390.36
MA20:	385.84
MA50:	382.42
MA100:	355.30
MAexp7:	389.95
MAexp20:	386.64
MAexp50:	378.17
MAexp100:	363.86
Price / MA7:	+0.08%
Price / MA20:	+1.25%
Price / MA50:	+2.16%
Price / MA100:	+9.95%
Price / MAexp7:	+0.18%
Price / MAexp20:	+1.04%
Price / MAexp50:	+3.31%
Price / MAexp100:	+7.37%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on GOLDMAN SACHS GROUP INC. THE. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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