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Stock Charts AI Power Rank: 9.5
Power Rank trend -> Rising
07/08/2024 10:56:00 EST
Goldman Sachs Group Inc (GS)
Industry: Capital Markets
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, GS has been trading in a range between $463.66 and $444.27 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
GS is breaking above top of the recent 20 day range at $470.41 and appears that it could have some more upside. If it enters a yellow zone the trend may be faltering - consider exiting or taking profits. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Goldman Sachs Group Inc $GS entered a Green zone 5 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $358.75, a potential down side of -22.81% from the recent price of 464.75. The stock is trading 1.11% (potential upside) below its 52 week high of $469.89 and 64.07 % (potential downside) above its 52 week low of $283.27 - based on the recent price.
Company Summary
The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments.
News
| Goldman Sachs Is Reinventing Itself: A Strategic Shift Ignites Growth Goldman Sachs exceeded revenue and net income estimates in Q1, with strong performance in investment banking and trading. Despite challenges, Goldman Sachs is refocusing on core strengths like investment banking, but also pushing into wealth management to drive a strong recovery and future growth. Initiating coverage with a cautious buy based on Goldman's growth potential. However, near-term volatility is possible due to approaching high resistance levels. Source: Seeking Alpha Thu, 04 Jul 2024 08:09:53 -0400 Sentiment: Positive |
| 3 Unstoppable Stocks Set to Surge Higher in Q3 2024 The third quarter is shaping into a pivotal period for the stock market. Economic indicators suggest a potential upswing, with inflation slowly coming down to the Fed's 2% target range. Source: InvestorPlace Wed, 03 Jul 2024 06:24:00 -0400 Sentiment: Positive |
| This CrowdStrike Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Tuesday Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Source: Benzinga Tue, 02 Jul 2024 13:32:46 -0400 Sentiment: Negative |
| Analyst Downgrades Goldman and Upgrades BofA. Here's Why. The industry's deposit growth is faring better than expected, an analyst says. Source: Barrons Tue, 02 Jul 2024 13:25:00 -0400 Sentiment: Neutral |
| Goldman (GS) & Others Boost Payouts Following Stress Test U.S. banks, including Goldman (GS), JPMorgan (JPM) and Bank of America (BAC), Citigroup (C), Fifth Third Bancorp (FITB), among others, are lifting their payouts in the wake of stress test. Source: Zacks Investment Research Tue, 02 Jul 2024 05:11:30 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 469.8899 52 Week Low: 283.2663 Beta: 1.364 50 Day MA: 451.9086 200 Day MA: 385.8257 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.318 Qtr Revenue Growth YOY: 0.121 Forward PE: 11.3122 Trailing PE: 18.1189