GS - Parabolic ChannelGS is showing very strong bull signs with a channel forming like this, the question is how high will it go?
Very bullish chart
Weekly timeframe
The bars pattern upwards in green is just my speculation
GOS trade ideas
GS - breakout as long as $600 holdsGS - Stock making all time highs today and holding above $600 support level. stock has ex dividend date next week. looking for calls as long as $600 holds with next resistance at $620. Stock is strong on indicators and charts.
GS GlitchI had this developed when the price was near the blue rectangle on the left. When I saw it at 510 I though it is a dud project. Now after the rebound from the green I decided to share it just in case we get to see some more relevant price action near the elements.
Not sure if the projection in time of the linear pathway is relevant. Could be dilated for months for something that could happen in weeks. Nevertheless, I have an interest for the last yellow arrow which could provide a setup for a broader bearish move. Don't know where/when such a setup might occur yet.
Buy Goldman Sachs (GS) on Bullish Momentum and Earnings Goldman Sachs (GS) has made significant strides in recent weeks, reflecting
strong overall performance in the financial sector. The stock early in the month
showed increased investor confidence, leading to gains and a positive outlook
driven by strong earnings growth and favorable economic conditions. While the
broader market has shown some volatility, individual sectors, particularly
financials, have benefitted from this momentum.
Recent performance metrics indicate that GS has been robust among its peers,
influenced by a rising interest rate environment that typically benefits major
financial institutions. Additionally, GS has effectively managed challenges
posed by economic factors and shifting market dynamics, showcasing its
resilience and strong positioning for future growth.
Key actionable insights and takeaways for GS:
- Look for entry points around current support levels that show potential for
upward movement.
- Monitor upcoming earnings reports, as they could impact GS’s performance
dramatically.
- Positioning ahead of earnings could maximize investor returns if GS exceeds
expectations.
Expert opinions suggest a growing optimism surrounding GS as the company is
expected to report earnings that could positively impact its stock price.
Analysts believe that solid revenue performance, particularly in investment
banking and trading operations, will support stock momentum.
Based on the wisdom of all professional traders, key price levels to consider
for GS next week include:
- Target 1: $600
- Target 2: $610
- Stop 1: $590
- Stop 2: $580
Longer-term targets (1-3 months) may reach $625, contingent on favorable
earnings results.
Significant news affecting GS includes heightened expectations surrounding its
upcoming earnings report. Analysts anticipate strong performance metrics as GS
is projected to benefit from an uptick in trading activity and wealth management
services as the economic climate continues to stabilize. Key performance metrics
from the financial sector could set the tone for GS, making it a focal point
among investors seeking to capitalize on potential gains.
Goldman Sachs (GS): Ready for a Big Correction?As we projected four months ago, Goldman Sachs ( NYSE:GS ) has reached our anticipated upside range between $516 and $575, touching $540 specifically. We've reinforced our analysis with a trend line dating back to 2016, which has been tested and validated three times. Combining this trend line, the Elliott wave count, and key Fibonacci levels, our outlook now points towards a significant pullback from current levels. Given that we're likely dealing with a larger Elliott wave cycle, we anticipate a substantial correction of around 28%.
While a 28% decline sounds extreme, it's not unprecedented for $GS. The drop from the top of wave 3 to the bottom of wave 4 was 35%, and the decline from wave (1) to (2) was almost 50%. Even smaller corrections within these larger waves illustrate that major pullbacks are essential for long-term growth, especially as institutional investors take profits. With Goldman Sachs having gained 87% year-to-date—a remarkable rise in this sector—a correction is likely as big players start locking in their gains.
We aren't sure yet how this correction will unfold, but we anticipate a sharper, quicker drop compared to the more prolonged wave (2) correction. A potential support level for wave A could be around $420. Meanwhile, wave C and the overarching wave (4) are expected to land between $366 and $264.
We are not setting a limit order at the moment but have alerts in place for both scenarios: whether we call the exact top here or see NYSE:GS push higher before pulling back. Either way, we'll be ready and will update you as the situation evolves.
Goldman Pulls Back After RallyingGoldman Sachs broke out to record highs earlier this month, and some traders may think the investment bank will keep running.
The first pattern on today’s chart is the large candle on October 15 after quarterly results beat estimates.
Next, you have that session’s low at $515.51. Also notice the price zone around $510-515 where GS peaked in August and September. Consider how the stock pulled back to hold those levels on Tuesday and Wednesday. Has new support been established above previous highs?
Third, MACD is rising.
Finally, the higher monthly lows in August, September and October are potentially consistent with a long-term uptrend. (Some traders may even view them as part of an ascending triangle.)
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$GS with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NYSE:GS after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 71.43%.
GS Sell news, buy return to athgood earnings drive GS shares higher
wait for pullback to ath
sky is the limit
Cheers,
Tom
GS eyes on $518 for break, or $510 dip for scalp entriesBanks have been rising to record highs.
GS is at a breakout level, obvious to all.
Look for breakn- retest or dip for entry.
$ 518.51 - 515.86 is the ATH barrier.
$ 510.40 is the exact dip of interest.
$ 536.50 - 537.73 will be easy target.
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Gold man sch educational Morning traders every Sunday is my day to analyze the market I added gold.man sch to my list n Berkshire, listen I didn't do anything am just showing you the trend n years soo if you see this picture would you fall for short sell if someone is seeing a sell or you generate liquidity into buying positions,we'll am a buyer n I trade uptrend stocks,cool when I just look at this trend I have no reason to sell but I have 1000 reason to look for my entries n join the trend,lesson for today before you analyze the market find the trend in bigger time frame n understand it's pullback n enjoy the ride,if you wanna see the prove n power of my analysis check everything I touch n see if is not moving accordingly this is what traders need most understanding of trend n how to follow them,am a trader who trust my work that's why if you draw graph n goo against the trend in public I will come n tells you straight that is wrong i don't believe in lucky n overthinking I believe in hard work,do you think I can just wake up n draw graph n arrow going down to gold man cz it's been going up come on I must be out of my mind when I can see reality n real trend,soo here is my question in my stock list why are you following someone whose telling to sell,apple,Netflix,Amazon,Google,Microsoft n many more in my stock list you can buy those things in the current price n live them to run for the next 5 to 10 years they trend up take a short positions as a pull back n a chance to get into position not a challenge,grow your mindset in the high level were you can see clear trend n knowing how to approach the market don't goo against the trend.
Weak Technical Patterns Ahead of EarningsFor now, NYSE:GS the largest of the Financial Services companies left, is struggling a bit. Trading activity in this stock is well below its average at this time. No pre-earnings run patterns have developed yet. There is some rotation recently, with lower money flow.
Goldman shortGoldman going down abit for reasons i do not know. Could never know, until after he's done anyway.
OPTION WATCHLIST 9/8/24OPTIONS WATCHLIST 9/8/2024
NASDAQ:NFLX - Stock down after failing to hold $700 multiple times making a M- shaped reversal pattern. Looking for puts below $660 support level. Next support at $640. Stock is bearish on indicators.
NASDAQ:META - Stock back to retest support zone at $490. Looking for puts below $500 for a move towards $490 and lower. If $500 holds we can see another bounce. Stock is weak on indicator level.
NASDAQ:AAPL - Company set to have its glowtime event tomorrow with expected launch of apple iphone 16. Stock could be sell the news event. If sells looking for puts below $219 for a move towards $210 and lower. Stock is weak on Indicator.
NASDAQ:MSFT - Stock closed below 200 SMA and EMA line on daily time frame entering into bearish territory. Looking for puts below $400 for a move towards $386 and $350. If it holds it needs to break above $415 to continue higher.
NYSE:GS - Bank stocks have been downturn since the start of this month. Stock making a double top rejection at $513.22. Looking for puts below $476 for a move towards $465 and $440. Stock is weak on indicator level.
Godman Sachs Resistance Breakout At $472.14. 15.07.2024- Goldman Sachs resistance breakout identified on 4HR chart at $472.14.
- If breakout sustains, potential price target is $522.42; surpassing this could lead to $586.39.
- If breakout fails, potential downside target is $432.57; breaching this could lead to $401.52.
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Disclaimer
GS - Goldman Sachs is tapping into a major support trendGS - Is Goldman Sachs still too big to fail? Currently, price is riding the upward trendline of support. This is a critical point to indicate if price will recover or continue to fall. The market will be keeping and eye on GS.
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June 25: GS bull flag confirms strong growth?Current situation in the firm
Goldman delivered a standout Q1 2024, with earnings per share (EPS) hitting $11.58, substantially above the consensus estimate by 35.6%. The firm's revenues for the quarter reached $14.21 billion, marking a 16.3% increase year-over-year.
The company reached a record $2.8 trillion in assets under management (AUM) and a long-term net inflow of $24 billion.
The segment performance for Q1 2024 (the below numbers are a summary from their recent earnings call):
Global Banking & Markets:
Revenues: $9.7 billion
ROE: 18% on a fully allocated basis.
Advisory Revenues: $1 billion, driven by higher completed transactions. Goldman Sachs maintained its number one position in both announced and completed M&A league tables.
Equity Underwriting Revenues: $370 million, and Debt Underwriting Revenues: $699 million, both showing significant year-over-year increases due to higher industry volumes.
FICC Net Revenues: $4.3 billion, with strong performance in mortgages, credit, and currencies. Record FICC financing revenues of $852 million, primarily from better results in repo.
Equities Net Revenues: $3.3 billion, with equities intermediation revenues of $2 billion (up 14% year-over-year) and equities financing revenues of $1.3 billion.
Asset & Wealth Management:
Revenues: $3.8 billion, up 18% year-over-year.
Management and Other Fees: $2.5 billion, a 7% year-over-year increase.
Incentive Fees: $88 million, expected to reach $1 billion annually in the medium term, supported by $3.8 billion in unrecognized incentive fees.
Private Banking and Lending Revenues: $682 million, significantly higher due to the prior year's impact of the partial sale of the Marcus loan portfolio.
Equity and Debt Investments Revenues: $567 million, with improved performance in private portfolios.
Platform Solutions:
Revenues: $698 million.
Pre-tax Net Loss: $117 million, with expectations to reach pre-tax breakeven next year.
Key Financial Metrics
Market Cap: $145.2 billion
Dividend Yield: 2.4%
P/E Ratio (TTM): 17.6
P/E Ratio (Forward 1 Year): 12.5
Earnings Per Share (EPS) Growth (2023): 59.2%
Stock Price: $450.18 (June 2024)
Target Price: $518 (6-12 months projection)
Technical setup
A bull flag pattern is forming with a bullish breakout, indicating the continuation of the trend upward.
Since the local low, formed around the previous earnings the price saw a steep price trend to the upside, before taking a breather and forming the flag.
The Price-to-sales ratio currently sits well below the average which is another bullish signal since the ratio tends to navigate towards its average.
The Month-over-month returns have bottomed around the lower threshold and are ready for a bounce back.
The Wallstreet ratings are predominantly strong buy, giving it a max target price of $525 or +13% up from the current price.
Institutional ownership is rising according to the latest May fillings which is another positive catalyst for the price as it is generally good to follow the smart money.
Overall, my short-term expectations are bullish, driven by the price forming of a bull flag, strong fundamentals and business outlook, and bullish catalysts driven by Wall Street consensus and the smart money flows.
More Upside in Goldman Sachs?Goldman Sachs ran to new highs in late April. Now, after a pullback, some traders may see more upside in the Wall Street giant.
The first pattern on today’s chart is the falling trendline along the highs of May and early June. GS has pushed above that line in the last few sessions, which could be viewed as a potential breakout.
Second, the recent low around $440 was slightly above a 50 percent retracement of the rally after earnings. That may confirm trend is pointing higher.
Third, this month’s bounce was above the November 2021 high of $426.16. Is a long-term breakout in effect?
Fourth, the 8-day exponential moving average (EMA) has crossed above the 21-day EMA. That may reflect a bullish short-term trend.
Finally, stochastics have rebounded from an oversold condition. Notice how a similar pattern occurred in mid-April before the stock rallied.
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Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
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Ichimoku Watch: Goldman Sachs Preparing to Retest Record HighsAccording to the Ichimoku Indicator, Goldman Sachs (ticker: GS) is set to target recent all-time highs of $471.
You will note that the stock was on the back foot at the end of May and formed a correction that has been bought into from lows of $447 and forced price action back above the Conversion Line.
The correction was shaped by way of a bullish flag pattern which was recently completed. Now, depending on where one has determined the pole’s start and end (the chart shown here has used the low of $387 and the all-time high), traders may use the breakout above the bullish flag pattern’s upper boundary to go ahead and project the take-profit objective from the breakout point.
In addition to the close above the Conversion Line, we can also see that the Ichimoku Cloud support has been active since the Leading Span A ventured above the Leading Span B in December 2023 (though, as of current price, this is not considered immediate support). It is also clear that since the Conversion Line crossed back above the Base Line in April, we have seen strong upside in the stock’s share price. Adding to this, the stock is trading below the Lagging Span – another bullish signal.
Price Direction?
Based on the breakout above the bullish flag pattern, the uptrend, and all components of the Ichimoku Indicator suggesting bulls are in control, the chart implies buyers could continue to support this market, perhaps challenge the record high of $471, and navigate into unchartered territory.
GS goes downDivergence within Divergence.
Weekly and Daily Bearish Divergence.
Forming a rising wedge on the 4H chart, more divergence. It won’t be long now.
GS - Breakout and Retest(ing) of Prior ATHGS last month broke out of this prior All Time High level(397.52). This month(so far) it is back testing the prior ATH level.
Would be interesting to see the Monthly close on this.
As long as we are closing above prior ATH level, expecting to see 420/450 levels
If going long here, would consider Stop Loss of 385 on daily closing basis.
If playing options, I would rather wait and see at least a week to see whether we are able to hold that 400 level. As long as 400 holds, greater possibility of achieving the targets
GOLDMAN SACHS - Pullback and looking to new highs?NYSE:GS price recently broke out from a pennant, and the price seems to be bouncing from previous high. If we properly get a pullback from here to around 322-330 usd, it would be a great oportunity to buy and hold until 470-500 usd. The price has yet to test the top of the pennant and the trending line aswell. Breaking the trendline could make the current rejection at 420 usd mark play out as a double top, and posibly make the price revisit 200-250 usd.
Goldman Sachs Rides High on AI Investments & Strong PerformanceAmidst a landscape of evolving financial markets and emerging technologies, Goldman Sachs ( NYSE:GS ) has strategically positioned itself to capitalize on the growing demand for AI-related infrastructure. The success of OpenAI's ChatGPT has invigorated investor confidence, leading to increased funding in promising AI startups.
In the wake of the Federal Reserve's efforts to navigate the economy towards a 'soft landing,' Goldman Sachs has demonstrated resilience and adaptability. Despite the challenges posed by rising interest rates and inflationary pressures, the firm has reported robust performance across various divisions.
Goldman's investment banking division witnessed a remarkable 32% surge in fees, driven by heightened activity in debt and equity underwriting, as well as advisory services for mergers and acquisitions. Additionally, revenue from trading in fixed income, currencies, and commodities (FICC) saw a notable uptick, buoyed by record financing revenue in mortgages and structured lending.
Equities revenue also experienced a substantial increase, reflecting the firm's ability to capitalize on market opportunities. Meanwhile, the asset and wealth management division achieved record quarterly management fees and witnessed significant growth in assets under supervision.
The Platform Solutions unit, which encompasses Goldman's consumer operations, reported a 24% increase in revenue. As the firm continues to streamline its consumer banking segment, investors are eagerly anticipating the potential for profitability in 2025.
However, amidst the positive momentum, Goldman Sachs faces scrutiny over its consumer banking strategy. Concerns have been raised regarding the efficacy of CEO David Solomon's retail push, leading to calls for the separation of the chairman and CEO roles.
Additionally, Goldman's co-branded credit card partnerships with General Motors have been discontinued, signaling potential challenges in its consumer-facing ventures. The bank's provisions for credit losses have also increased, reflecting uncertainties in its credit card and wholesale loan portfolios.
Despite these challenges, Goldman Sachs ( NYSE:GS ) remains focused on optimizing its business model and enhancing shareholder value. With a strategic emphasis on traditional banking activities and continued investments in emerging technologies, the firm is well-positioned to navigate the evolving financial landscape."
GS 60MINS LONGThe previous resistance is very solid. When the price down to the previous resistance, a very sharpe price rebound happened. A good chance to go long.
