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Archive
- 10/16/2026 -
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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 -14.06 points, or -1.57%, and closed at 881.26 on Friday, October 16, 2026. Weekly volume was 41% above average.
 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 (264.68) 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 downtrend had started on July 15, 2026 at 1153.99 and reached 859.03 on October 15, 2026. GS lost 294.96 points, or 25.56%, in 13 weeks. The price is now at the 7.54% retracement level.
 Weekly Technical Indicators: [See GS weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Williams' Percentage Range or strongly oversold weekly Lane's Stochastic. 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since July 31, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its 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 September 8, 2026 at 1043.84 and reached 859.03 on October 15, 2026. GS lost 184.81 points, or 17.70%, in 37 days. The price is now at the 12.03% 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 above its signal line. Such crossover is considered a bullish 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.
 Candlestick pattern: [See GS candlestick chart pattern]
On Friday the chart has formed a Bearish Dark Cloud Cover Candlestick pattern. Bearish Dark Cloud Cover pattern is a trend reversal indicator which signifies the end of an uptrend and the start of a downtrend. The reliability of the Bearish Dark Cloud Cover pattern is considered a highly reliable pattern of market reversalUse the Technical Stock Screener to see the list of stocks that had a Bearish Dark Cloud Cover Candlestick pattern during the last week.
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