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Archive
- 7/31/2026 -
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Goldman Sachs Group (GS) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Goldman Sachs Group (GS). During the week, the GS dropped -42.85 points, or -4.04%, and closed at 1018.38 on Friday, July 31, 2026. Weekly volume was 12% above 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 (262.08) 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 (1122.75) 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 May 8, 2026. 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 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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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 relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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