January 12, 2019 - 7:45 AM EST
Goldman Sachs Group $GS Technical Update
Goldman Sachs Group $GS Technical Update

The Goldman Sachs Group (NYSE: GS) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for GS, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Strong Weak Neutral
P1 171.81 140.00 159.67
P2 175.91 161.69 191.03
P3 179.59 182.88 221.78

Long Term Trading Plans for GS

January 12, 2019, 7:45 am ET

The Technical Summary and Trading Plans for GS help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this GS Report.

GS - (Long) Support Plan

The technical summary data tells us to buy GS near 159.67 with an upside target of 191.03. This data also tells us to set a stop loss @ 159.41 to protect against excessive loss in case the stock begins to move against the trade. 159.67 is the first level of support below 176.93 , and by rule, any test of support is a buy signal. In this case, support 159.67 would be being tested, so a buy signal would exist.

GS - (Short) Resistance Plan

The technical summary data is suggesting a short of GS as it gets near 191.03 with a downside target of 159.67. We should have a stop loss in place at 191.29 though. 191.03 is the first level of resistance above 176.93, and by rule, any test of resistance is a short signal. In this case, if resistance 191.03 is being tested, so a short signal would exist.


GS Long Term Analysis

GS EPS Analysis

GS Dividend Chart

GS Revenue chart

GS Growth rate - Quarterly

GS Growth rate - Yearly

GS PE chart

GS PEG chart


Source: Stock Traders Daily (January 12, 2019 - 7:45 AM EST)