The Greedy Trader Weekly Analysis
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- 6/5/2026 -
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Goldman Sachs Group (GS) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal lineLane's Stochastic bearish divergenceThe price has risen above the Parabolic SARBullish Stick Sandwichs Candlestick
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It was a fifth consecutive positive week for the Goldman Sachs Group (GS). During the week, the GS gained 13.12 points, or 1.28%, and closed at 1038.68 on Friday, June 5, 2026. Weekly volume was 19% 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 1098.36 on June 5, 2026. GS gained -1050.95 points, or -2216.73%, in 915 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (260.24) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 1098.36 on June 5, 2026. GS gained -317.86 points, or -40.73%, in 12 weeks. The price is now at the 18.78% retracement level.

Weekly Technical Indicators: [See GS weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 8, 2026. This is an indication that the medium-term trend is up. 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 May 4, 2026 at 899.00 and reached 1098.36 on June 5, 2026. GS gained -199.36 points, or -22.18%, in 32 days. The price is now at the 29.94% retracement level.

Daily Technical Indicators: [See GS daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since May 19, 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.

Candlestick pattern: [See GS candlestick chart pattern]
On Friday the chart has formed a Bullish Stick Sandwichs Candlestick pattern. This pattern occurs in a downtrend and shows that the market is finding a support level and now the trend may reverse. The reliability of the Bullish Stick Sandwichs pattern is meduim. Use the Technical Stock Screener to see the list of stocks that had a Bullish Stick Sandwichs Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.60
Williams' Percentage Range (W%R) 3.10
Strong Overbought
Lane's Stochastic (%D-Slow) 81.65
Overbought Bearish
Greed/Fear Indicator (GFI) 81.38
Overbought
Moving Average Converg./Diverg. (MACD) 30.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.77
Williams' Percentage Range (W%R) 1.70
Strong Overbought
Lane's Stochastic (%D-Slow) 90.41
Strong Overbought
Greed/Fear Indicator (GFI) 83.74
Overbought
Moving Average Converg./Diverg. (MACD) 34.33
Trading Signals
Description Value Chart
Upper Bollinger Band 1091.52
Weekly Stochastic Crossing 1080.69
Daily Stochastic Crossing 1070.57
Price 1038.68
Parabolic System 1034.56
20 Day Moving Average 992.63
50 Day Moving Average 935.85
Lower Bollinger Band 908.22
Sector and Industry
Description Name Rank
Sector Financials 9
Industry Investment Banking & Brokerage 87
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 899.00
Low Date 05/04/2026
High 1098.36
High Date 06/05/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 780.50
Low Date 03/13/2026
High 1098.36
High Date 06/05/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 289.36
Low Date 10/27/2023
High 1098.36
High Date 06/05/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 277.84
Low Date 07/14/2022
High 1098.36
High Date 06/05/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 409.54
Support 260.24
Low 47.41
Low Date 11/21/2008
High 1098.36
High Date 06/05/2026
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.