The Greedy Trader Weekly Analysis
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Number of records: 7
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Goldman Sachs Group
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Summary:
Weekly :Broken trend support line
Daily :Broken trend support line
Move cursor over the icon to see details.

It was a first positive week for the Goldman Sachs Group (GS). During the week, the GS climbed 1.47 points, or 0.66%, and closed at 225.71 on Friday, October 05, 2018. Weekly volume was -20% below average.

Long-term trend: [See GS long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 47.41 and reached 275.31 on March 12, 2018. GS gained -227.90 points, or -480.70%, in 485 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 166.00 and resistance is at 233.35. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See GS medium-term trend chart]
A medium-term uptrend had started on June 27, 2016 at 138.20 and reached 275.31 on March 12, 2018. GS gained -137.11 points, or -99.21%, in 89 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (314.14) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See GS weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since August 3, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See GS short-term trend chart]
A short-term uptrend had started on July 2, 2018 at 218.89 and reached 245.08 on August 28, 2018. GS gained -26.19 points, or -11.96%, in 57 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (236.30) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.

Daily Technical Indicators: [See GS daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since September 25, 2018. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.15
Williams' Percentage Range (W%R) 71.50
Lane's Stochastic (%D-Slow) 20.26
Greed/Fear Indicator (GFI) 31.65
Moving Average Converg./Diverg. (MACD) -1.64
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.25
Williams' Percentage Range (W%R) 65.20
Lane's Stochastic (%D-Slow) 31.53
Greed/Fear Indicator (GFI) 38.54
Moving Average Converg./Diverg. (MACD) -3.32
Trading Signals
Description Value Chart
Weekly Trendline Resistance 252.30
Upper Bollinger Band 236.84
Weekly Trendline Support 236.30
50 Day Moving Average 233.35
Yearly Trendline Resistance 233.35
Parabolic System 232.79
20 Day Moving Average 229.58
Weekly Stochastic Crossing 228.70
Daily Stochastic Crossing 225.89
Price 225.71
Lower Bollinger Band 222.75
Sector and Industry
Description Name Rank
Sector Financial 3
Industry Investmnt Brokerage-Natl 19
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 245.08
High Date 08/28/2018
Low 223.80
Low Date 09/28/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 252.30
Support 236.30
Low 218.89
Low Date 07/02/2018
High 245.08
High Date 08/28/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 275.31
High Date 03/12/2018
Low 218.89
Low Date 07/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 286.60
Support 314.14
Low 138.20
Low Date 06/27/2016
High 275.31
High Date 03/12/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 233.35
Support 166.00
Low 47.41
Low Date 11/21/2008
High 275.31
High Date 03/12/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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