GOLDMAN SACHS GROUP INC. THE - Daily - Technical analysis published on 07/11/2024 (GMT)
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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
78%
6%
17%
My opinion
Bullish above 467.58 USD
My targets
490.21 USD (+2.38%)
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 467.58 USD. The next resistance located at 490.21 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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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 478.83 USD. On the day, this instrument lost -0.01% and was between 476.27 USD and 483.16 USD. This implies that the price is at +0.54% from its lowest and at -0.90% from its highest.476.27
483.16
478.83
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
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. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 395.97 | 445.40 | 467.58 | 478.83 |
| Change (%) | -17.30% | -6.98% | -2.35% | - |
| Change | -82.86 | -33.43 | -11.25 | - |
| Level | Major | Major | 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 | 462.53 | 466.19 | 472.54 | 476.20 | 482.55 | 486.21 | 492.56 |
| Camarilla | 476.14 | 477.06 | 477.97 | 478.89 | 479.81 | 480.73 | 481.64 |
| Woodie | 463.88 | 466.86 | 473.89 | 476.87 | 483.90 | 486.88 | 493.91 |
| Fibonacci | 466.19 | 470.01 | 472.38 | 476.20 | 480.02 | 482.39 | 486.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 440.00 | 447.00 | 455.88 | 462.88 | 471.76 | 478.76 | 487.64 |
| Camarilla | 460.38 | 461.84 | 463.29 | 464.75 | 466.21 | 467.66 | 469.12 |
| Woodie | 440.93 | 447.47 | 456.81 | 463.35 | 472.69 | 479.23 | 488.57 |
| Fibonacci | 447.00 | 453.07 | 456.82 | 462.88 | 468.95 | 472.70 | 478.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 414.10 | 426.63 | 439.47 | 452.00 | 464.84 | 477.37 | 490.21 |
| Camarilla | 445.34 | 447.67 | 449.99 | 452.32 | 454.65 | 456.97 | 459.30 |
| Woodie | 414.27 | 426.71 | 439.64 | 452.08 | 465.01 | 477.45 | 490.38 |
| Fibonacci | 426.63 | 436.32 | 442.31 | 452.00 | 461.69 | 467.68 | 477.37 |
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): | 65.04 | |
| MACD (12,26,9): | 6.4100 | |
| Directional Movement: | 13.77 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 470.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 455.65 | |
| Elder Ray (13): | 13.71 | |
| Super Trend (3,10): | 451.82 | |
| Zig ZAG (10): | 477.98 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 89.19 | |
| TEMA (21): | 472.03 | |
| Williams %R (14): | -11.82 | |
| Chande Momentum Oscillator (20): | 16.02 | |
| Repulse (5,40,3): | 1.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 7.51 |
| MA7: | 470.45 | |
| MA20: | 459.36 | |
| MA50: | 454.62 | |
| MA100: | 426.19 | |
| MAexp7: | 471.00 | |
| MAexp20: | 462.63 | |
| MAexp50: | 450.36 | |
| MAexp100: | 429.89 | |
| Price / MA7: | +1.78% | |
| Price / MA20: | +4.24% | |
| Price / MA50: | +5.33% | |
| Price / MA100: | +12.35% | |
| Price / MAexp7: | +1.66% | |
| Price / MAexp20: | +3.50% | |
| Price / MAexp50: | +6.32% | |
| Price / MAexp100: | +11.38% |
Quotes :
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15 min delayed data
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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:
- 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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