AVWAPGS Anchored VWAP, and consolidation range. When wicks hit within this price zone there is a very good chance of a bounce towards the upside! Running this same method through tickers on my watchlist!
GOS trade ideas
🏦💹 Goldman Sachs (GS) Analysis📈 Technical Overview:
GS Price: Potential benefits in uncertain macroeconomic conditions.
Resilience: Historical resilience, particularly noted during the 2008 financial crisis.
Private Equity Capital: Significant capital in private equity firms ($1.3 trillion at the start of 2023).
Potential Impact: Expected to benefit intermediaries like Goldman Sachs.
📊💼 Financial Outlook:
M&A Deals: Expected to facilitate complex M&A deals, earning fees for the company.
📈🚀 Trade Sentiment:
Sentiment: Bullish on Goldman Sachs (GS).
Entry Range: Above $320.00-$325.00.
Upside Target: Set in the $520.00-$530.00 range.
🔄💡 Note: Monitor macroeconomic trends for confirmation and adjust strategy accordingly. 📉💡 #GoldmanSachs #GS #FinancialAnalysis 🏦💼
Will Goldman Get Going?Goldman Sachs has gone nowhere for two months, but some traders may look for that to change.
The first pattern on today’s chart is the $374 level. It was a weekly closing price from January 2023 that GS remained below through late December. The stock rallied above it at the end of last year and has remained there since. That could suggest old resistance has become new support.
Next, Bollinger Band Width narrowed during the consolidation period. Will price expansion follow that period of compression?
Third, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA in December. That may suggest its longer-term trend has grown more bullish. (GS also bounced at the 50-day SMA this week.)
Next, the 8-day exponential moving average (EMA) has remained above the 21-day EMA. That may reflect bullishness in the shorter term.
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Goldman Sachs Group (GS): Can we see a One-Two?✌️As we have seen some interesting earnings with ourperforming assets like NASDAQ:META , NASDAQ:NVDA or NASDAQ:MSFT , our focus turns to Goldman Sachs Group NYSE:GS on the daily chart!
Zooming out, we observe the completion of the higher-degree Waves III and IV, finalized at $290, marked by a Triangle where Wave E broke to the downside. Subsequently, an impulsive Wave (1) unfolded, reaching $390.
Now, the anticipation is set for Wave (2), expected to retrace between 50% and 78.6%. This retracement aligns perfectly with a retest of the Triangle's trendline. The exact internal wave structure of Wave (2) remains uncertain. Given Goldman Sachs' tendency for gradual movements, we'll maintain our focus solely on the daily chart for now.
Goldman Sachs Pennant Re-Test (earnings release details inc)Goldman Sachs - NYSE:GS
Chart looks promising
✅ Rising 200 week and 200 day
✅Break out of long term pennant
✅ Pull back would be healthy here
🚨 Main concern would be a double top rejection from red line on the chart
Earnings Perspective
Rev ~~ $11.32B, EST. $10.84B
EPS ~~$5.48 VS. $3.32 Y/Y
AUM ~~ $2.81T, EST. $2.77T
PUKA
goldman sachs options earning ideawhat the lines mean
buy & sell markup
blue line is buy break
red line is sell break
green lines are the contracts you could take
sls below the buy/sell breaks
Goldman Sachs (GS) pre earnings Simple chart here.
Broke out of a major pennat back in December.. technically this pennant should take GS back to ATH but first it needs to get over 390 hurdle.
Over 390 and long it to 422
Reject at 390 and short it back to 350
GS : Booked a profit of 15.06% of the invested capitalI have been holding on to this position for about 9 months. At the current valuation I do believe that the Nasdaq and S&P500 is expensive. So there is a high probability for a sell-off to hit the market anytime soon.
So decided to book profits in some of my positions and this is one of them. Will consider a re-entry if market crashes back to the initial entry levels.
But I'm also aware of the fact that there is a potential move of about 16% to the channel high, which may be achieved in the near future. The decision of FED to pause the interest rate for the 3rd consecutive time may also fuel this move, since this indicates a possibility for a rate cut in the coming months.
GS - longI don't really have much technical analysis support for this trade. This one is basically all fundamental:
GS just reported earnings, and they took a bunch of charges, which made 3Q2023 a lot worse than 3Q2022. They did, however, still beat estimates.
It looks to me like GS is finally getting out of a lot of the headwinds they had over the past couple of years:
IPO and M&A activity has been very muted over the last several quarters, and we are finally starting to see a decent pipeline emerge.
The bank is getting ready to jettison its Apple partnership, and its whole consumer-facing Marcus franchise.
GS significantly cut exposure to commercial real estate, which looks like it will produce losses for years to come.
The WFH controversy that has caused a lot of dissatisfaction within the ranks seems to have died down.
Most importantly, today's earnings seem to be met with relief by investors that it wasn't as bad as feared. From a valuation perspective banks have been cheap for a long time, and continue to look cheap to me. And IV is very low by historical comparison. I got long a December out of the money vertical call spread.
Goldman Sachs triangle break to downsideGoldman Sachs - Triangle break to the downside on the weekly chart. 279 expected as first level of support.
This is not a recommendation to trade. Do your own research and decide on your own trades.
GS towards 200USDExpecting GS to trade lower in the future.
Similar trade setups accross most banking stocks - US and EU.
Looks braking down from its +500Day trading range.
Goldman Sachs Group to $215The above 2-week chart informs us price action has confirmed a reliable bearish pattern known as the bear-flag. The pattern is reliable in identifying price action targets as measured from the peak of price action to the first support known as the flagpole.
The flagpole is now used to measure the target from the area where price action breaks out of the upward channel. $215.
The target is especially interesting for two reasons:
1) It is the golden ratio.
2) That black line.
Is it passible price action continues to rise? Sure.
Is it probable? No.
Ww
Type: trade
Timeframe: 2024
PennantThere is a pole and a structure that slopes against the most current trend.
Price has broken down from the structure but has hit a support zone and is up a bit today.
Some would take the pole using the magnet ad project it up or down from the flag to get a guesstimate of targets. This is a neutral pattern until clearly broken and the definition of clearly broken can vary. Some would use 2 closes but retests do happen.
No recommendation.
GS Earnings and Institutional HoldingsNYSE:GS has had a sudden huge decline in its Institutional Holdings from last quarter--a whopping 12%. That's huge. This suggests that often the selling is from Buy-Side Institutions.
Goldman Sachs has a buyback program of 30 billion dollars underway, approved end of February 2023. The Buybacks started in March and have continued until recently. I showed the buyback activity on the daily chart in this article earlier this month.
The Support from corporate buybacks poses problems for selling short. The stock is also prone to HFT triggers with frequent gapping. The first Support level is just above the 2022 lows.
The company reported earnings this morning and gapped down at open but is holding onto the sideways range it's been in for 2 weeks so far.
However, Quarterly and Annual Reports are starting to show signs of weakness as this company struggles to reinvent.
NYSE:GS is also facing loss of revenues from IPO underwriting as the NASDAQ Private Market is undermining the high income usually generated from IPOs by underwriters.
IMO, the investment banking industry is slowly becoming obsolete as DeFi, Fintech, Blockchain technologies and Crypto currencies continue to advance and erode traditional revenue streams.
📈📊 #ChartPattern Alert! 📈📊 📈 Channel 📈A "channel," in the context of trading and technical analysis, is a chart pattern that forms when the prices of a financial asset move between two parallel lines, creating a kind of corridor or channel. There are two main types of channels: an ascending channel and a descending channel.
Ascending Channel: This channel forms when prices have an overall upward trend, but this trend is contained within two upward-sloping parallel lines. The lower level is the support, where prices often find buyers, while the upper level is the resistance, where sellers may come into play. Traders often view the ascending channel as a sign of the continuation of the existing uptrend.
Descending Channel: On the other hand, the descending channel forms when prices have a downward trend, but this trend is bounded by two downward-sloping parallel lines. The upper level is the resistance, where prices tend to retreat, while the lower level is the support, where minor bounces may occur. Traders typically interpret the descending channel as a sign of the continuation of the downtrend.
Channel analysis is an important tool for traders as it can help identify entry and exit points, as well as set profit targets and stop-loss levels. However, it's crucial to note that channels are not foolproof, and prices can break beyond the channel lines, signaling a change in trend.
In summary, a "channel" is a chart formation that depicts the direction and strength of a price trend in a financial asset. It's a useful tool for traders looking to make informed decisions about their market trades.
💵 E a r n i n g s J o u r n a l📶 S T A T I S T I C A L A N A L Y S I S
Current 50-Day Market Trend: short/sellers/negative.
Next Swing: positive swing to resistance.
Next Wave: buy wave to the deviation.
Next 50-Day Market Trend: long/buyers/positive.
Trade Type: Touch & Go don't wait for a close.
💵 E A R N I N G S A T A G L A N C E
Release Date: 10/17 BMO
Quarter: FQ3'23
_______________________________________________
Revenue Anticipations: positive surprise of Revenues.
Revenue Surprise-Confidence: on a scale of 0-9, #7
Revenue 2-Year Trend: the company trend in Revenues is negative.
_______________________________________________
EPS Anticipations: positive surprise of EPS.
EPS Surprise-Confidence: on a scale of 0-9, #4
EPS 2-Year Trend: the company trend in EPS is negative.
_______________________________________________
📝 S Y N O P S I S
🟢BUY: If the earnings report is above the Wall Street consensus I expect the market will buy the +surprise.
⚪NEUTRAL: If the earnings report is released with complicating press then I expect the market will avoid the surprise and invest in alternative securities.
🔴SELL: If the earnings report is below the Wall Street consensus I expect the market will sell the -surprise.
🔎 R E S E A R C H D E P T H
Technical Analysis: daily chart.
Fundamental Analysis: EPS & Revenue data.
Press/News: none.
Social Media: none.
Buyback Patterns: GSAs the #3 most heavily weighted stock for the TVC:DJI , NYSE:GS was one of the drivers behind the run down this week.
In February, a buyback program of 30 billion was approved. Buybacks probably commenced in March and have been boosting the price up within the trading range until recently. It may be that the buyback money has been depleted.
Goldman Sachs reports Oct 17. Revenues declined last quarter. Earnings are up and down. So probably not a great earnings report for Q3. However, the stock has support at the black line, so it doesn't have huge downside potential.
are you prepared for another rally ?I wanted to post an analysis on GS but can't figure out on the fourth wave pattern of the third wave extension until recently when I saw a contracting triangle pattern forming. It's very common to see triangle in corrective fourth wave. not so in second wave. A decisive breakout above the resistance trendline of the contracting triangle will indicate the rally of the fifth wave of the third wave extension, with the target price in the region of 527, a 2.618 extension of the wave 1, as depicted in the chart. This is followed by a retracement to a target price of 435, a 2.0 extension of wave 1, as wave 4.
Despite the recent negative criticisms/comments on GS's CEO ,David Solomon, with the rally in the stock price in the foreseeable future, he should be able to keep his job as the topman in GS.
SYMMETRICAL TRIANGLELarge and loose triangle. Tight triangles perform best.
Top line slopes down and bottom line slopes up.
Neutral until broken.
Engulfing candle today but this is a bad market day. This candle needs confirmation.
No recommendation
Symmetrical Triangle//Weekly ChartThis Triangle is long and kind of narrow on daily and is better seen on weekly.
It is hard to calculate targets for a Symmetrical Triangle as some would calculate the targets from the point of the break and this one is not broken.
Top line slopes down and bottom line slopes up.
This pattern is neutral until broken.
No recommendation.
Goldman Sachs TAHey guys it’s Amir what’s up?
I’ll go right into it.
- GS is trading between support and resistance since October.
-We have a similar double bottom like we had couple of months ago
- we have a gap at the resistance and I LOVE gaps I believe they always get fill
- at the 4 hour interval we have a bullish divergence
Right now I’m waiting for final confirmation at the daily interval of the REVERSAL MACD and and the Stochastic.
Keep following up buddies
$GS Head & Shoulders Patternkeeping an eye on a potential Head & Shoulders pattern in the stock of Goldman Sachs (ticker symbol: NYSE:GS ). The Head & Shoulders pattern is a popular technical analysis pattern used by traders to predict potential trend reversals. It typically consists of three peaks: a higher peak (head) between two lower peaks (shoulders). The pattern suggests a potential reversal from an uptrend to a downtrend.
Here are some key points to keep in mind when trading or investing based on this pattern:
1. **Confirmation**: A Head & Shoulders pattern is only confirmed when the price breaks below the "neckline," which is the line that connects the lows of the two shoulders. This breakout typically signals a bearish trend reversal.
2. **Volume**: Analyzing trading volume can be crucial. Ideally, you'd like to see declining volume as the pattern forms, followed by a noticeable increase in volume on the breakout below the neckline. This increase in volume adds more credibility to the pattern.
3. **Price Targets**: Some traders use the height of the head to the neckline to estimate a potential price target for the downward move after the breakout.
4. **False Signals**: Not all Head & Shoulders patterns work out as expected. Sometimes they can be false signals. It's important to consider other technical indicators, market conditions, and fundamental factors when making trading decisions.
5. **Risk Management**: Always have a clear risk management strategy in place. Determine your stop-loss levels to limit potential losses if the trade goes against you.
6. **Market Context**: Consider the broader market context and news related to the specific stock and industry. Market sentiment and external factors can impact the success of the pattern.
7. **Timeframe**: The effectiveness of this pattern can vary depending on the timeframe you're trading. It's often more reliable on longer timeframes, but it can also be applied to shorter ones.
Remember that no trading or investing strategy is foolproof, and past patterns are not guarantees of future performance. It's essential to conduct thorough research and analysis before making any trading decisions. If you're not experienced with technical analysis or trading, consider consulting with a financial advisor or professional who can provide personalized guidance based on your financial goals and risk tolerance.
GS long positionGS has been increasing for some time.
The price bounced from the upsloping line so it´s a good time to enter the long position.
Our estimated target is 379.8 $.
Invalidation of this trading idea would be if the price closes under the upsloping line.
Good luck!
