The Greedy Trader Weekly Analysis
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- 10/30/2026 -
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Goldman Sachs Group (GS) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal line
Daily :The price has risen above the Parabolic SAR
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It was a first positive week after 7 consecutive negative weeks for the Goldman Sachs Group (GS). During the week, the GS gained 18.87 points, or 2.15%, and closed at 894.55 on Friday, October 30, 2026. It was the best weekly gain since August 7, 2026. Weekly volume was -15% below 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 (265.16) 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 12.04% retracement level.

Weekly Technical Indicators: [See GS weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See GS short-term trend chart]
A short-term uptrend had started on October 15, 2026 at 859.03 and reached 939.38 on October 29, 2026. GS gained -80.35 points, or -9.35%, in 14 days. The chart has formed a Broadening Ascending Wedge chart pattern.

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

The daily MACD line is above its signal line since October 9, 2026. This is an indication that the short-term trend is up.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.16
Williams' Percentage Range (W%R) 42.70
Lane's Stochastic (%D-Slow) 75.79
Greed/Fear Indicator (GFI) 61.09
Moving Average Converg./Diverg. (MACD) -15.76
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 17.46
Oversold
Williams' Percentage Range (W%R) 84.40
Oversold
Lane's Stochastic (%D-Slow) 13.04
Oversold
Greed/Fear Indicator (GFI) 23.03
Moving Average Converg./Diverg. (MACD) 11.18
Trading Signals
Description Value Chart
50 Day Moving Average 947.68
Upper Bollinger Band 933.70
Daily Stochastic Crossing 924.22
Price 894.55
20 Day Moving Average 893.88
Weekly Stochastic Crossing 886.64
Lower Bollinger Band 877.88
Parabolic System 870.15
Sector and Industry
Description Name Rank
Sector Financials 6
Industry Investment Banking & Brokerage 12
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 859.03
Low Date 10/15/2026
High 939.38
High Date 10/29/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 1153.99
High Date 07/15/2026
Low 859.03
Low Date 10/15/2026
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 414.45
Support 265.16
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.