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Goldman Sachs Group, Inc. (The)Goldman Sachs Group, Inc. (The)Goldman Sachs Group, Inc. (The)

Goldman Sachs Group, Inc. (The)

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💾 Goldman Sachs Group Worst Since 2008 | Major Crash AheadI was about done but couldn't stop this without looking at the infamous Goldman Sachs Group, this is the 8th biggest bank corporation in the USA. The peak/All-Time High here was hit November 2021, together with Bitcoin and most of the worlds financial assets... Let's start with the weekly chart: ✔️ In January 2023 we saw the highest selling volume week since February 2016. This tells us that the insiders know what is coming and started the sell-off early on. ✔️ This week pushed GS below EMA50 and EMA100. ✔️ We are at the 4th consecutive week closing red and the financial bleeding seems to just be starting. ✔️ The RSI trending down like there is no tomorrow and the MACD histogram has gone red with a bearish cross. I'll show you the MACD because the bearish cross is always quite revealing: The monthly is the main chart above, the real bad news. ✔️ GS was still trading above EMA10 last month, breaking below this very same week. This tells us that there is still plenty of room for this stock to go lower. ✔️ The MACD is still above 0 (bullish) but trending lower. ✔️ The RSI is still strong (above 50) but in a downtrend. The biggest disconnect from reality so far from any bank can be seen on this chart. The Goldman Sachs Group (GS) holders, buyers, traders or whatever you want to call them, haven't been selling, they are still holding strong. Some people are going to experience a rude awakening... The worst is yet to come. The banking system is going down, that's my conclusion after reading all these charts. Thank you for reading. Namaste.
NYSE:GSShort
by AlanSantana
Bad News Event//1.414//Rising Wedge(s)Earnings were announced this morning and there has been a sharp sell off so far today. Price has broken the Rising Wedge bottom trendline which validates the pattern. There are several more bearish wedges well below price. If price reaches them, the over-supply in the rising wedges will cause another pull back. These RWs are sprinkled over a few years and I only drew the most recent one. The lowest one is at 250ish. W noted and the 4th leg terminated at the 1.414 fib level. 1.414 is the square root of 2. Price remains above the .382 on the trend up in spite of the pull back today. Strong stock, and maybe GS will leave a sexy corpse behind. Most likely a rocky ride on the way down so fasten your seatbelt! Price is down significantly today and that can mean a bounce soon. No recommendation. ​​"Whenever I'm about to do something, I think, 'Would an idiot do that?' And if they would, I do not do that thing." —Dwight Schrute, The Office
NYSE:GSShort
by lauralea
2
Earnings 1-17 BMO/Today (o:This lines up with ABC/D or ABC bullish with the target being D. This pattern will eventually reverse when D is reached. D can be a lesser or greater fib level of the AB leg. It is a common measured move in the markets. Earnings will be announced before I wake up )o: Sleepless night after working. My mind needs to chill and drawing charts helps me relax. (o: Earnings can make or break GS in a few hours from now. They are getting very soft numbers to beat so time will tell. Last quarter, EPS of 8.25 was the number and they beat it. This quarter it is 5.77. They are also getting a break on revenue of a billion or so less than last quarter. So it looks like Wall Street wants an earnings beat...which is not hard to do if you lower the goal posts. (o: Price appears to be in a small bearish rising wedge, RW, (orange) that is not valid at this time as the lower line is intact. Price is well above the .382 fib level since the Covid low. The major trendline overhead is a slow descending trendline. This can always change. No recommendation. ATR is 7.49 “The intelligent investor is a realist who sells to optimists and buys from pessimists.” Benjamin Graham EPS (FWD) 32.69 PE (FWD) 11.44 Div Rate (FWD) $10.00 Yield (FWD) 2.67% Short Interest 1.31% Market Cap $128.65B
NYSE:GS
by lauralea
Goldman Sachs extends gains - AnalysisGoldman Sachs' stock (GS) rose in the intraday levels, with the bank expected to launch a large scale cut to the workforce this week, amounting to 3200 jobs, with the stock rising 1.41%, or 4.92 points in the last session, settling at 353.00, with trading volumes approaching 2 million shares, above 10-day averages of 1.5 million shares. Technically, the stock is attempting to recoup some recent losses, buoyed by positive signals from the RSI after reaching overbought levels, with negative pressure from the 50-day SMA. Therefore I expect the stock to return lower, targeting the support of 328.67, provided the resistance of 358.47 holds on.
NYSE:GSShort
by eltonmorningstar
My thoughts on Goldman Sachs going into the Earnings Weekly Timeframe After a challenging start to the year, the company's stock bottomed out at around 280$. This level was tested three times before the stock experienced a month-long rally. The bulls exhausted at around 350-360$ after which the price went on to make a higher low. There it formed a new demand zone and rallied again reaching 2-3 standard deviations and setting a new high. After that a retracement and consolidation, at around 340-350$, bouncing from the 20-period moving average and the 0.5 Fibb level. The RSI has remained above 50, forming three consecutive higher highs and higher lows. Suggesting that the upward movement is likely to continue. Daily Timeframe The price has consolidated and found a support zone. The 14-period RSI broke its trendline and is now moving upward. The MACD line crossing above the signal line also adds confirmation to this potential reversal. Overall, it looks like the market is primed for a strong trend in the coming days. Going forward… on the Daily Chart… Thanks for reading The Seeker! Subscribe for free to receive new posts and support my work. In early November, the price broke its previous structure and has since made higher highs and higher lows. The potential for a new high and a move above the 390$ level looks promising, with a solid risk-to-reward ratio.
NYSE:GSLong
by RickHardyPro
Goldman Sachs Is Pulling BackOne of the most overlooked trends recently could be the rally in Goldman Sachs. Today we’re considering some potentially important technicals after the investment bank surged 35 percent between mid-October and mid-November. The first question is, how much of a pullback to expect? This chart draws a Fibonacci retracement from $299.99, the weekly close immediately before GS reported strong earnings and plowed higher. The stock is currently holding the 38.2 percent level. The next important price point could be at the 50 percent retracement (around $345). Next, the 50-day simple moving average (SMA) is coming up from below. Some trend followers may view that as potential support. Third, the 50-day SMA had a “Golden Cross” above the 200-day SMA about a month ago. Also notice how the October low was higher than the July trough. That’s a positive divergence from the S&P 500, which made a lower low in Q4. Fourth, the $348 level is potentially important because it’s near the monthly lows from June and July 2021 – plus the monthly highs in March and April 2022. Finally, stochastics have dipped to an oversold condition. All these patterns may suggest GS is nearing some levels where buyers may get interested. Traders may watch for opportunities this week, especially with volatility expected around big events like CPI and the Fed. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. 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, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:GS
by TradeStation