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Investment Banking & Brokerage Industry Stocks Technical Analysis - GS

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- 4/4/2025 -
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Goldman Sachs Group (GS) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend resistance lineWilliams' Percentage Range is oversold
Daily :Daily  MACD line has moved below its signal lineThe price is below the lower Bollinger Band
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It was the negative week for the Goldman Sachs Group (GS). During the week, the GS dropped -72.30 points, or -13.31%, and closed at 470.80 on Friday, April 4, 2025. Weekly volume was 85% above average.

Long-term trend: [See GS long-term trend chart]
A long-term uptrend had started on July 14, 2022 at 277.84 and reached 672.20 on February 18, 2025. GS gained -394.36 points, or -141.94%, in 135 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend resistance line (308.97) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a long-term trend.

Medium-term trend: [See GS medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 289.36 and reached 672.20 on February 18, 2025. GS gained -382.84 points, or -132.31%, in 68 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (566.11) 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 Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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 February 28, 2025. The distance between MACD and the signal line is near its high and getting bigger. 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 March 26, 2025 at 592.60 and reached 460.00 on April 4, 2025. GS lost 132.60 points, or 22.38%, in 9 days. The price is now at the 8.14% retracement level.

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.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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) 28.78
Williams' Percentage Range (W%R) 79.60
Lane's Stochastic (%D-Slow) 24.55
Greed/Fear Indicator (GFI) 24.56
Moving Average Converg./Diverg. (MACD) -14.61
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.43
Williams' Percentage Range (W%R) 87.30
Oversold
Lane's Stochastic (%D-Slow) 20.19
Greed/Fear Indicator (GFI) 24.70
Moving Average Converg./Diverg. (MACD) 27.00
Trading Signals
Description Value Chart
Upper Bollinger Band 603.38
50 Day Moving Average 596.96
Parabolic System 563.55
20 Day Moving Average 546.75
Lower Bollinger Band 502.63
Weekly Stochastic Crossing 501.30
Daily Stochastic Crossing 491.52
Price 470.80
Sector and Industry
Description Name Rank
Sector Financials 7
Industry Investment Banking & Brokerage 46
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 592.60
High Date 03/26/2025
Low 460.00
Low Date 04/04/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 672.20
High Date 02/18/2025
Low 460.00
Low Date 04/04/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 709.52
Support 566.11
Low 289.36
Low Date 10/27/2023
High 672.20
High Date 02/18/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 291.39
Support 308.97
Low 277.84
Low Date 07/14/2022
High 672.20
High Date 02/18/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 47.41
Low Date 11/21/2008
High 672.20
High Date 02/18/2025
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.