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GOLDMAN SACHS GROUP INC. THE
GOLDMAN SACHS GROUP INC. THE
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: GS
ISIN:

GOLDMAN SACHS GROUP INC. THE - 1H - Technical analysis published on 08/27/2020 (GMT)

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  • Timeframe : 1H
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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

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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.

Central Gaps

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:

Central Indicators

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

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

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard203.49204.26205.74206.51207.99208.76210.24
Camarilla206.60206.81207.01207.22207.43207.63207.84
Woodie203.85204.44206.10206.69208.35208.94210.60
Fibonacci204.26205.12205.65206.51207.37207.90208.76


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard190.85195.34198.88203.37206.91211.40214.94
Camarilla200.22200.96201.69202.43203.17203.90204.64
Woodie190.39195.10198.42203.13206.45211.16214.48
Fibonacci195.34198.40200.30203.37206.43208.33211.40


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard156.65175.83186.89206.07217.13236.31247.37
Camarilla189.64192.42195.19197.96200.73203.50206.28
Woodie152.60173.80182.84204.04213.08234.28243.32
Fibonacci175.83187.38194.52206.07217.62224.76236.31

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 - 15 min delayed data - 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:

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

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