GOLDMAN SACHS GROUP INC. THE - 1H - Technical analysis published on 09/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 485.54 USD
My targets
464.83 USD (-1.31%)
457.48 USD (-2.87%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GOLDMAN SACHS GROUP INC. THE. As long as you are under the resistance located at 485.54 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 464.83 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 457.48 USD as an objective. Crossing it would then enable sellers to target 442.50 USD. If the resistance 485.54 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLDMAN SACHS GROUP INC. THE rating is 471.02 USD. On the day, this instrument lost -0.03% and was traded between 465.40 USD and 474.00 USD over the period. The price is currently at +1.21% from its lowest and -0.63% from its highest.465.40
474.00
471.02
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a 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 bearish. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 442.50 | 457.48 | 464.83 | 471.02 | 485.54 | 495.72 | 506.08 |
| Change (%) | -6.05% | -2.87% | -1.31% | - | +3.08% | +5.24% | +7.44% |
| Change | -28.52 | -13.54 | -6.19 | - | +14.52 | +24.70 | +35.06 |
| Level | Intermediate | Major | Major | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 447.39 | 452.44 | 461.80 | 466.85 | 476.21 | 481.26 | 490.62 |
| Camarilla | 467.21 | 468.53 | 469.85 | 471.17 | 472.49 | 473.81 | 475.13 |
| Woodie | 449.56 | 453.52 | 463.97 | 467.93 | 478.38 | 482.34 | 492.79 |
| Fibonacci | 452.44 | 457.94 | 461.34 | 466.85 | 472.35 | 475.75 | 481.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 435.24 | 456.15 | 467.88 | 488.79 | 500.52 | 521.43 | 533.16 |
| Camarilla | 470.63 | 473.63 | 476.62 | 479.61 | 482.60 | 485.59 | 488.59 |
| Woodie | 430.65 | 453.86 | 463.29 | 486.50 | 495.93 | 519.14 | 528.57 |
| Fibonacci | 456.15 | 468.62 | 476.32 | 488.79 | 501.26 | 508.96 | 521.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 383.26 | 409.03 | 459.64 | 485.41 | 536.02 | 561.79 | 612.40 |
| Camarilla | 489.25 | 496.25 | 503.25 | 510.25 | 517.25 | 524.25 | 531.26 |
| Woodie | 395.68 | 415.24 | 472.06 | 491.62 | 548.44 | 568.00 | 624.82 |
| Fibonacci | 409.03 | 438.21 | 456.23 | 485.41 | 514.59 | 532.61 | 561.79 |
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): | 44.98 | |
| MACD (12,26,9): | -3.6800 | |
| Directional Movement: | -9.05 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 465.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 460.98 | |
| Elder Ray (13): | 0.62 | |
| Super Trend (3,10): | 475.17 | |
| Zig ZAG (10): | 470.23 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 75.60 | |
| TEMA (21): | 466.48 | |
| Williams %R (14): | -17.77 | |
| Chande Momentum Oscillator (20): | 2.54 | |
| Repulse (5,40,3): | 0.3400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1500 | |
| Courbe Coppock: | 1.26 |
| MA7: | 479.48 | |
| MA20: | 492.88 | |
| MA50: | 486.76 | |
| MA100: | 466.38 | |
| MAexp7: | 469.29 | |
| MAexp20: | 470.99 | |
| MAexp50: | 479.09 | |
| MAexp100: | 485.72 | |
| Price / MA7: | -1.76% | |
| Price / MA20: | -4.44% | |
| Price / MA50: | -3.23% | |
| Price / MA100: | +0.99% | |
| Price / MAexp7: | +0.37% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -1.68% | |
| Price / MAexp100: | -3.03% |
Quotes :
-
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:
- 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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