Goldman Sachs

post-image

Technical Analysis – Goldman Sachs stock violates range area to the upside

Posted on July 15, 2019 at 2:18 pm GMT

Goldman Sachs stock had been consolidating since January but in the previous week, the price successfully surpassed the 210 resistance and the 50.0% Fibonacci retracement level of the downleg from 275 to 151.50 near 213.23, violating the range area to the upside. The sideway move held within 180.60 and 210 levels. The MACD is picking up speed in positive territory, suggesting a bullish bias for the short term. However, in the very short-term, downside corrections cannot be ruled out as the RSI is currently increasing positive [..]

post-image

Technical Analysis – Goldman Sachs stock bulls back above 50-day SMA; narrow range in near term

Posted on March 6, 2019 at 2:44 pm GMT

Goldman Sachs stock has been trading sideways since the bounce off the two-and-a-half-month low of 151.50 over the last couple of months. Also, this consolidation area of 189 – 203 holds above the 50-simple moving average (SMA) in the daily chart. According to the MACD, the market could maintain neutral momentum in the short-term as the indicator is flattening above its neutral zero line, though the RSI suggests that the market is dropping towards the negative area and therefore some weakness is [..]

post-image

Technical Analysis – Goldman Sachs bulls back in play after reaching 2½-year low

Posted on January 8, 2019 at 1:56 pm GMT

Goldman Sachs stock price has been trading upwards over the last couple of weeks after the rebound on the 151.50 support level. The short-term technical indicators are endorsing the upside view. In the daily timeframe, the Relative Strength Index (RSI) is sloping upwards approaching the threshold of 50, while the MACD oscillator holds above its red-trigger line in the negative area, suggesting more strength in the market. Upsides moves are likely to find resistance at the 23.6% Fibonacci retracement level of the downleg from [..]

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.