The Greedy Trader Weekly Analysis
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- 8/7/2026 -
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Goldman Sachs Group (GS) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineWeekly  MACD line has moved below its signal lineBroken trend resistance line
Daily :
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It was a first positive week for the Goldman Sachs Group (GS). During the week, the GS gained 21.23 points, or 2.08%, and closed at 1039.61 on Friday, August 7, 2026. Weekly volume was -14% below average.

GS is a member of Financials Sector. Financials 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 uptrend had started on November 21, 2008 at 47.41 and reached 1153.99 on July 15, 2026. GS gained -1106.58 points, or -2334.06%, in 920 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (262.32) 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 March 13, 2026 at 780.50 and reached 1153.99 on July 15, 2026. GS gained -373.49 points, or -47.85%, in 17 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (1080.13) 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.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 July 15, 2026 at 1153.99 and reached 977.70 on July 29, 2026. GS lost 176.29 points, or 15.28%, in 14 days. The price is now at the 35.12% retracement level.

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

The daily MACD line is below its signal line since July 22, 2026. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.32
Williams' Percentage Range (W%R) 65.60
Lane's Stochastic (%D-Slow) 58.52
Greed/Fear Indicator (GFI) 46.75
Moving Average Converg./Diverg. (MACD) -2.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.94
Williams' Percentage Range (W%R) 31.80
Lane's Stochastic (%D-Slow) 54.34
Greed/Fear Indicator (GFI) 58.82
Moving Average Converg./Diverg. (MACD) 54.07
Trading Signals
Description Value Chart
Weekly Trendline Resistance 1182.98
Upper Bollinger Band 1126.04
Weekly Trendline Support 1080.13
Weekly Stochastic Crossing 1068.84
20 Day Moving Average 1059.58
50 Day Moving Average 1054.48
Daily Stochastic Crossing 1040.97
Price 1039.61
Parabolic System 988.30
Lower Bollinger Band 968.27
Sector and Industry
Description Name Rank
Sector Financials 12
Industry Investment Banking & Brokerage 101
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 1153.99
High Date 07/15/2026
Low 977.70
Low Date 07/29/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 1182.98
Support 1080.13
Low 780.50
Low Date 03/13/2026
High 1153.99
High Date 07/15/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 289.36
Low Date 10/27/2023
High 1153.99
High Date 07/15/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 277.84
Low Date 07/14/2022
High 1153.99
High Date 07/15/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 411.61
Support 262.32
Low 47.41
Low Date 11/21/2008
High 1153.99
High Date 07/15/2026
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.