The Greedy Trader Weekly Analysis
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- 8/28/2026 -
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Goldman Sachs Group (GS) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has declined below the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was the negative week for the Goldman Sachs Group (GS). During the week, the GS gave back -5.29 points, or -0.51%, and closed at 1033.99 on Friday, August 28, 2026. Weekly volume was -18% 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 (263.04) 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 (1124.63) 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 below its signal line since July 31, 2026. 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 chart has formed a Symmetric Triangle chart pattern.

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 declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (4.85%) is close to one year low (5.79%). It is 57.85% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 49.84
Williams' Percentage Range (W%R) 40.70
Lane's Stochastic (%D-Slow) 66.22
Greed/Fear Indicator (GFI) 58.46
Moving Average Converg./Diverg. (MACD) -3.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.29
Williams' Percentage Range (W%R) 37.20
Lane's Stochastic (%D-Slow) 32.70
Greed/Fear Indicator (GFI) 48.38
Moving Average Converg./Diverg. (MACD) 51.09
Trading Signals
Description Value Chart
Weekly Trendline Resistance 1208.56
Weekly Trendline Support 1124.63
Upper Bollinger Band 1064.72
Parabolic System 1056.41
50 Day Moving Average 1050.30
Daily Stochastic Crossing 1043.55
Weekly Stochastic Crossing 1038.30
20 Day Moving Average 1038.30
Price 1033.99
Lower Bollinger Band 1014.56
Sector and Industry
Description Name Rank
Sector Financials 10
Industry Investment Banking & Brokerage 81
Daily Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
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 1208.56
Support 1124.63
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 412.33
Support 263.04
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.