The Greedy Trader Weekly Analysis
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Number of records: 9
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Goldman Sachs Group
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Summary:
Weekly :Williams' Percentage Range is oversoldTrend support at 187.91
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaRelative Strength Index, Lane's Stochastic and MACD bullish divergenceThe period of high volatility of the stock price
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It was a first positive week after 3 consecutive negative weeks for the Goldman Sachs Group (GS). During the week, the GS climbed 1.59 points, or 0.84%, and closed at 190.69 on Friday, November 30, 2018. Weekly volume was 14% above average.

Long-term trend: [See GS long-term trend chart]
A long-term downtrend had started on March 12, 2018 at 275.31 and reached 188.12 on November 30, 2018. GS lost 87.19 points, or 31.67%, in 37 weeks. Price is near the trend low.

Medium-term trend: [See GS medium-term trend chart]
A medium-term downtrend had started on August 28, 2018 at 245.08 and reached 188.12 on November 30, 2018. GS lost 56.96 points, or 23.24%, in 13 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend support (187.91) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See GS weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since October 5, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See GS short-term trend chart]
A short-term downtrend had started on November 8, 2018 at 234.06 and reached 188.12 on November 30, 2018. GS lost 45.94 points, or 19.63%, in 22 days. The price is now at the 5.59% retracement level.

Daily Technical Indicators: [See GS daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is below its signal line since November 9, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

The distance between the Bollinger Bands is 247.94% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 21.90
Bullish
Williams' Percentage Range (W%R) 94.70
Strong Oversold
Lane's Stochastic (%D-Slow) 33.37
Bullish
Greed/Fear Indicator (GFI) 20.20
Moving Average Converg./Diverg. (MACD) -7.05 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.78
Williams' Percentage Range (W%R) 95.70
Strong Oversold
Lane's Stochastic (%D-Slow) 26.98
Greed/Fear Indicator (GFI) 23.10
Moving Average Converg./Diverg. (MACD) -5.63
Trading Signals
Description Value Chart
Upper Bollinger Band 233.74
50 Day Moving Average 216.35
20 Day Moving Average 206.74
Weekly Stochastic Crossing 199.86
Parabolic System 199.72
Daily Stochastic Crossing 191.75
Price 190.69
Monthly Trendline Support 187.91
Lower Bollinger Band 172.99
Sector and Industry
Description Name Rank
Sector Financial 6
Industry Investmnt Brokerage-Natl 43
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 198.45
High Date 11/28/2018
Low 188.12
Low Date 11/30/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 234.06
High Date 11/08/2018
Low 188.12
Low Date 11/30/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Support
Resistance 230.38
Support 187.91
High 245.08
High Date 08/28/2018
Low 188.12
Low Date 11/30/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 275.31
High Date 03/12/2018
Low 188.12
Low Date 11/30/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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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