The Greedy Trader Weekly Analysis
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Number of records: 4
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Uptrend Support
Uptrend Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for uptrend support trend trading. Technical analysis of stock trend and uptrend support trend trading.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,uptrend support
Goldman Sachs Group
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtLane's Stochastic and MACD bearish divergenceTrend resistance at 200.25
Daily :Broken trend support lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the Goldman Sachs Group (GS). During the week, the GS dropped -5.47 points, or -2.64%, and closed at 202.05 on Friday, May 10, 2019. It was the worst weekly loss since March 22, 2019. Weekly volume was -33% below average.

GS is a member of Financial Sector. Financial is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See GS long-term trend chart]
A long-term downtrend had started on March 12, 2018 at 275.31 and reached 151.70 on December 26, 2018. GS lost 123.61 points, or 44.90%, in 41 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (200.25). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend.

Medium-term trend: [See GS medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 151.70 and reached 209.97 on April 12, 2019. GS gained -58.27 points, or -38.41%, in 15 weeks. The price is now at the 13.59% retracement level.

Weekly Technical Indicators: [See GS weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since January 25, 2019. This is an indication that the medium-term trend is up. 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 March 25, 2019 at 186.50 and reached 209.97 on April 12, 2019. GS gained -23.47 points, or -12.58%, in 18 days. The chart has formed a Descending Triangle chart pattern. The uptrend support line (205.40) 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.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 5.01% on Friday. It is 56.47% lower than one year average. It indicates the period of low 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) 44.48
Williams' Percentage Range (W%R) 74.50
Lane's Stochastic (%D-Slow) 38.50
Greed/Fear Indicator (GFI) 36.15
Moving Average Converg./Diverg. (MACD) 1.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.22
Williams' Percentage Range (W%R) 15.40
Overbought
Lane's Stochastic (%D-Slow) 75.62
Bearish
Greed/Fear Indicator (GFI) 71.14
Moving Average Converg./Diverg. (MACD) -4.61 Bearish
Trading Signals
Description Value Chart
Parabolic System 208.74
Weekly Trendline Resistance 208.31
Upper Bollinger Band 208.00
Weekly Trendline Support 205.40
Weekly Stochastic Crossing 204.05
20 Day Moving Average 204.05
Price 202.05
Daily Stochastic Crossing 201.07
Quarterly Trendline Resistance 200.25
50 Day Moving Average 199.64
Lower Bollinger Band 197.90
Sector and Industry
Description Name Rank
Sector Financial 9
Industry Investmnt Brokerage-Natl 119
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 208.75
High Date 05/03/2019
Low 197.91
Low Date 05/09/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 208.31
Support 205.40
Low 186.50
Low Date 03/25/2019
High 209.97
High Date 04/12/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 151.70
Low Date 12/26/2018
High 209.97
High Date 04/12/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 200.25
Support 100.48
High 275.31
High Date 03/12/2018
Low 151.70
Low Date 12/26/2018
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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