Learn to Evaluate (GS) using the Charts
April 18, 2024, 06:28 am ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GS
- Buy GS slightly over 391.89 target 420 stop loss @ 390.76 Details
The technical summary data tells us to buy GS near 391.89 with an upside target of 420. This data also tells us to set a stop loss @ 390.76 to protect against excessive loss in case the stock begins to move against the trade. 391.89 is the first level of support below 403.91 , and by rule, any test of support is a buy signal. In this case, support 391.89 is being tested, a buy signal would exist.
- Short GS slightly under 420, target 391.89, stop loss @ 421.21 Details
The technical summary data is suggesting a short of GS as it gets near 420 with a downside target of 391.89. We should have a stop loss in place at 421.21though. 420 is the first level of resistance above 403.91, and by rule, any test of resistance is a short signal. In this case, if resistance 420 is being tested, a short signal would exist.
Swing Trading Plans for GS
- Buy GS slightly over 420, target n/a, Stop Loss @ 418.79 Details
If 420 begins to break higher, the technical summary data tells us to buy GS just slightly over 420, with an upside target of n/a. The data also tells us to set a stop loss @ 418.79 in case the stock turns against the trade. 420 is the first level of resistance above 403.91, and by rule, any break above resistance is a buy signal. In this case, 420, 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 420, target 402.57, Stop Loss @ 421.21. Details
The technical summary data is suggesting a short of GS if it tests 420 with a downside target of 402.57. We should have a stop loss in place at 421.21 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, 420, 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 408.49, target 420, Stop Loss @ 407.54 Details
If 408.49 begins to break higher, the technical summary data tells us to buy GS just slightly over 408.49, with an upside target of 420. The data also tells us to set a stop loss @ 407.54 in case the stock turns against the trade. 408.49 is the first level of resistance above 403.91, and by rule, any break above resistance is a buy signal. In this case, 408.49, 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 408.49, target 402.57, Stop Loss @ 409.44. Details
The technical summary data is suggesting a short of GS if it tests 408.49 with a downside target of 402.57. We should have a stop loss in place at 409.44 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, 408.49, 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 Inc. (the) (GS) available here: GS.
GS Ratings for April 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
363.75 |
| P2 |
398.21 |
389.62 |
391.89 |
| P3 |
408.49 |
402.57 |
420 |
AI Generated Signals for GS
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Goldman Sachs Group Inc. (the) (NYSE: GS) report below can help you understand how to do this. The trading plans for GS, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for GS:
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