GOLDMAN SACHS GROUP INC. THE - 1H - Technical analysis published on 07/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 467.58 USD
My targets
478.76 USD (+0.06%)
487.64 USD (+1.92%)
My analysis
GOLDMAN SACHS GROUP INC. THE is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 467.58 USD. The next resistance located at 478.76 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 487.64 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLDMAN SACHS GROUP INC. THE rating is 478.47 USD. The price registered a decrease of -0.09% on the session and was traded between 476.27 USD and 483.16 USD over the period. The price is currently at +0.46% from its lowest and -0.97% from its highest.476.27
483.16
478.47
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GOLDMAN SACHS GROUP INC. THE in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 450.06 | 464.29 | 467.58 | 478.47 | 479.30 |
| Change (%) | -5.94% | -2.96% | -2.28% | - | +0.17% |
| Change | -28.41 | -14.18 | -10.89 | - | +0.83 |
| Level | Minor | Major | Major | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 462.53 | 466.19 | 472.54 | 476.20 | 482.55 | 486.21 | 492.56 |
| Camarilla | 476.14 | 477.06 | 477.97 | 478.89 | 479.81 | 480.73 | 481.64 |
| Woodie | 463.88 | 466.86 | 473.89 | 476.87 | 483.90 | 486.88 | 493.91 |
| Fibonacci | 466.19 | 470.01 | 472.38 | 476.20 | 480.02 | 482.39 | 486.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 440.00 | 447.00 | 455.88 | 462.88 | 471.76 | 478.76 | 487.64 |
| Camarilla | 460.38 | 461.84 | 463.29 | 464.75 | 466.21 | 467.66 | 469.12 |
| Woodie | 440.93 | 447.47 | 456.81 | 463.35 | 472.69 | 479.23 | 488.57 |
| Fibonacci | 447.00 | 453.07 | 456.82 | 462.88 | 468.95 | 472.70 | 478.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 414.10 | 426.63 | 439.47 | 452.00 | 464.84 | 477.37 | 490.21 |
| Camarilla | 445.34 | 447.67 | 449.99 | 452.32 | 454.65 | 456.97 | 459.30 |
| Woodie | 414.27 | 426.71 | 439.64 | 452.08 | 465.01 | 477.45 | 490.38 |
| Fibonacci | 426.63 | 436.32 | 442.31 | 452.00 | 461.69 | 467.68 | 477.37 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.84 | |
| MACD (12,26,9): | 3.5300 | |
| Directional Movement: | 9.59 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 479.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 473.30 | |
| Elder Ray (13): | 1.58 | |
| Super Trend (3,10): | 471.48 | |
| Zig ZAG (10): | 479.35 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 70.07 | |
| TEMA (21): | 480.64 | |
| Williams %R (14): | -27.54 | |
| Chande Momentum Oscillator (20): | 6.53 | |
| Repulse (5,40,3): | 0.1400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 3.28 |
| MA7: | 470.61 | |
| MA20: | 459.43 | |
| MA50: | 454.65 | |
| MA100: | 426.20 | |
| MAexp7: | 478.63 | |
| MAexp20: | 475.15 | |
| MAexp50: | 469.25 | |
| MAexp100: | 464.11 | |
| Price / MA7: | +1.67% | |
| Price / MA20: | +4.14% | |
| Price / MA50: | +5.24% | |
| Price / MA100: | +12.26% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.70% | |
| Price / MAexp50: | +1.96% | |
| Price / MAexp100: | +3.09% |
Quotes :
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15 min delayed data
-
NYSE Stocks
News
The latest news and videos published on GOLDMAN SACHS GROUP INC. THE at the time of the analysis were as follows:
- Goldman Sachs BDC, Inc. Schedules Earnings Release and Conference Call to Announce Third Quarter 2019 Results
- Patient Access Solutions, Inc. COO, Dr. Donald Chiappetta Exclusive Interview on StockTradersTalk.com
- Patient Access Solutions, Inc. Announces Director of Behavioral Health
- Patient Access Solutions Inc. to Acquire Healthcare Practice
- Patient Access Solutions, Inc. Updates Shareholders
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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