When Goldman Sachs Group ($GS) Moves Investors should Listen
April 12, 2023, 01:45 am ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GS
- Buy GS slightly over 318.48 target 351.05 stop loss @ 317.56 Details
The technical summary data tells us to buy GS near 318.48 with an upside target of 351.05. This data also tells us to set a stop loss @ 317.56 to protect against excessive loss in case the stock begins to move against the trade. 318.48 is the first level of support below 327.37 , and by rule, any test of support is a buy signal. In this case, support 318.48 would be being tested, so a buy signal would exist.
- Short GS slightly under 351.05, target 318.48, stop loss @ 352.06 Details
The technical summary data is suggesting a short of GS as it gets near 351.05 with a downside target of 318.48. We should have a stop loss in place at 352.06though. 351.05 is the first level of resistance above 327.37, and by rule, any test of resistance is a short signal. In this case, if resistance 351.05 is being tested, so a short signal would exist.
Swing Trading Plans for GS
- Buy GS slightly over 329.67, target 351.05, Stop Loss @ 328.72 Details
If 329.67 begins to break higher, the technical summary data tells us to buy GS just slightly over 329.67, with an upside target of 351.05. The data also tells us to set a stop loss @ 328.72 in case the stock turns against the trade. 329.67 is the first level of resistance above 327.37, and by rule, any break above resistance is a buy signal. In this case, 329.67, 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 329.67, target 322.85, Stop Loss @ 330.62. Details
The technical summary data is suggesting a short of GS if it tests 329.67 with a downside target of 322.85. We should have a stop loss in place at 330.62 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, 329.67, 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 328.24, target 329.67, Stop Loss @ 327.47 Details
If 328.24 begins to break higher, the technical summary data tells us to buy GS just slightly over 328.24, with an upside target of 329.67. The data also tells us to set a stop loss @ 327.47 in case the stock turns against the trade. 328.24 is the first level of resistance above 327.37, and by rule, any break above resistance is a buy signal. In this case, 328.24, 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 328.24, target 324.90, Stop Loss @ 329.01. Details
The technical summary data is suggesting a short of GS if it tests 328.24 with a downside target of 324.90. We should have a stop loss in place at 329.01 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, 328.24, 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 April 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Neutral |
| P1 |
0 |
0 |
318.48 |
| P2 |
324.90 |
322.85 |
351.05 |
| P3 |
328.24 |
329.67 |
383.47 |
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
How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Goldman Sachs Group (NYSE: GS) report below is a real world example. Included are trading plans for GS, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for GS:
pool ads
