How the price action of Goldman Sachs Group ($GS) is used to our Advantage
November 10, 2023, 03:00 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GS
- Buy GS slightly over 315.23 target 337.39 stop loss @ 314.32 Details
The technical summary data tells us to buy GS near 315.23 with an upside target of 337.39. This data also tells us to set a stop loss @ 314.32 to protect against excessive loss in case the stock begins to move against the trade. 315.23 is the first level of support below 320.78 , and by rule, any test of support is a buy signal. In this case, support 315.23 is being tested, a buy signal would exist.
- Short GS slightly under 337.39, target 315.23, stop loss @ 338.36 Details
The technical summary data is suggesting a short of GS as it gets near 337.39 with a downside target of 315.23. We should have a stop loss in place at 338.36though. 337.39 is the first level of resistance above 320.78, and by rule, any test of resistance is a short signal. In this case, if resistance 337.39 is being tested, a short signal would exist.
Swing Trading Plans for GS
- Buy GS slightly over 328.61, target 337.39, Stop Loss @ 327.66 Details
If 328.61 begins to break higher, the technical summary data tells us to buy GS just slightly over 328.61, with an upside target of 337.39. The data also tells us to set a stop loss @ 327.66 in case the stock turns against the trade. 328.61 is the first level of resistance above 320.78, and by rule, any break above resistance is a buy signal. In this case, 328.61, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short GS slightly near 328.61, target 315.23, Stop Loss @ 329.56. Details
The technical summary data is suggesting a short of GS if it tests 328.61 with a downside target of 315.23. We should have a stop loss in place at 329.56 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 328.61, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for GS
- Buy GS slightly over 326.48, target 328.61, Stop Loss @ 325.72 Details
If 326.48 begins to break higher, the technical summary data tells us to buy GS just slightly over 326.48, with an upside target of 328.61. The data also tells us to set a stop loss @ 325.72 in case the stock turns against the trade. 326.48 is the first level of resistance above 320.78, and by rule, any break above resistance is a buy signal. In this case, 326.48, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short GS slightly near 326.48, target 315.23, Stop Loss @ 327.24. Details
The technical summary data is suggesting a short of GS if it tests 326.48 with a downside target of 315.23. We should have a stop loss in place at 327.24 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 326.48, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Goldman Sachs Group (GS) available here: GS.
GS Ratings for November 10:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Weak |
| P1 |
0 |
0 |
293.00 |
| P2 |
326.48 |
310.18 |
315.23 |
| P3 |
341.24 |
328.61 |
337.39 |
AI Generated Signals for GS
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Goldman Sachs Group (NYSE: GS) data table below can help you with price action, and we have more details too. Trading plans for GS are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for GS:
pool ads
