GOLDMAN SACHS GROUP INC. THE - 1H - Technical analysis published on 10/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
56%
11%
My opinion
Bearish under 309.81 USD
My targets
301.03 USD (-1.58%)
285.76 USD (-6.57%)
My analysis
GOLDMAN SACHS GROUP INC. THE is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 309.81 USD. The next support located at 301.03 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 285.76 USD. Below this support, sellers could then target 271.66 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GOLDMAN SACHS GROUP INC. THE rating 305.85 USD. On the day, this instrument lost -0.09% and was between 303.48 USD and 307.39 USD. This implies that the price is at +0.78% from its lowest and at -0.50% from its highest.303.48
307.39
305.85
Here is a more detailed summary of the historical variations registered by GOLDMAN SACHS GROUP INC. THE:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GOLDMAN SACHS GROUP INC. THE indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 195.07 | 271.66 | 301.03 | 305.85 | 309.81 | 316.39 | 319.14 |
| Change (%) | -36.22% | -11.18% | -1.58% | - | +1.29% | +3.45% | +4.35% |
| Change | -110.78 | -34.19 | -4.82 | - | +3.96 | +10.54 | +13.29 |
| Level | Intermediate | Major | Minor | - | Major | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 290.49 | 297.44 | 301.78 | 308.73 | 313.07 | 320.02 | 324.36 |
| Camarilla | 303.02 | 304.05 | 305.09 | 306.12 | 307.16 | 308.19 | 309.23 |
| Woodie | 289.19 | 296.79 | 300.48 | 308.08 | 311.77 | 319.37 | 323.06 |
| Fibonacci | 297.44 | 301.75 | 304.42 | 308.73 | 313.04 | 315.71 | 320.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 308.29 | 313.64 | 318.60 | 323.95 | 328.91 | 334.26 | 339.22 |
| Camarilla | 320.74 | 321.68 | 322.63 | 323.57 | 324.52 | 325.46 | 326.41 |
| Woodie | 308.11 | 313.54 | 318.42 | 323.85 | 328.73 | 334.16 | 339.04 |
| Fibonacci | 313.64 | 317.58 | 320.01 | 323.95 | 327.89 | 330.32 | 334.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 285.76 | 302.37 | 312.97 | 329.58 | 340.18 | 356.79 | 367.39 |
| Camarilla | 316.09 | 318.58 | 321.08 | 323.57 | 326.06 | 328.56 | 331.05 |
| Woodie | 282.76 | 300.87 | 309.97 | 328.08 | 337.18 | 355.29 | 364.39 |
| Fibonacci | 302.37 | 312.76 | 319.19 | 329.58 | 339.97 | 346.40 | 356.79 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 27.62 | |
| MACD (12,26,9): | -4.6900 | |
| Directional Movement: | -25.63 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 304.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 303.56 | |
| Elder Ray (13): | -2.70 | |
| Super Trend (3,10): | 311.89 | |
| Zig ZAG (10): | 306.08 | |
| VORTEX (21): | 0.6400 | |
| Stochastique (14,3,5): | 16.56 | |
| TEMA (21): | 303.15 | |
| Williams %R (14): | -84.25 | |
| Chande Momentum Oscillator (20): | -12.69 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 8.34 |
| MA7: | 317.89 | |
| MA20: | 327.96 | |
| MA50: | 331.90 | |
| MA100: | 328.71 | |
| MAexp7: | 306.36 | |
| MAexp20: | 310.96 | |
| MAexp50: | 317.99 | |
| MAexp100: | 323.11 | |
| Price / MA7: | -3.79% | |
| Price / MA20: | -6.74% | |
| Price / MA50: | -7.85% | |
| Price / MA100: | -6.95% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -1.64% | |
| Price / MAexp50: | -3.82% | |
| Price / MAexp100: | -5.34% |
Quotes :
-
15 min delayed data
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NYSE Stocks
News
The latest news and videos published on GOLDMAN SACHS GROUP INC. THE at the time of the analysis were 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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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