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Stock Charts AI Power Rank: 9.5
Power Rank trend -> Rising
07/26/2024 16:10:00 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 $503.02 and $452.32 (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 trading below resistance at $503.02, about 1% to the upside. There is support at $454.73 -9% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. 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 20 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $358.75, a potential down side of -28.11% from the recent price of 499.03. The stock is trading 2.09% (potential upside) below its 52 week high of $509.48 and 76.17 % (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
| Digging Into Boutique Bank Earnings Evercore Inc. reported record revenue as dealmaking led to a surge in advisory fees. Matthew Monks takes a deep dive into the sector on "Wall Street Beat" on "Bloomberg Open Interest. Source: Bloomberg Markets and Finance Fri, 26 Jul 2024 11:28:40 -0400 Sentiment: Positive |
| Goldman Sachs (GS) Q2 Result Out: Should You Make a Bet Now? The Goldman Sachs Group, Inc. GS, which released its second-quarter 2024 results on Jul 15, 2024, posted a remarkable rebound in its investment banking (IB) business after witnessing a decline in the past two years. Driven by robust performance, the company's profits jumped 61% in the first six months of 2024. Source: Zacks Investment Research Thu, 25 Jul 2024 11:15:40 -0400 Sentiment: Positive |
| 3 Overlooked Bank Stocks to Buy With Lower Interest Rates in 2025 As we speed through the second half of 2024, bank stocks remain an attractive opportunity for discerning investors. The banking industry is one of the more appealing sectors, given that tech stock valuations are at unsustainable levels. Source: InvestorPlace Thu, 25 Jul 2024 07:08:00 -0400 Sentiment: Positive |
| Why bank stocks don't need ‘rotation out of tech' to keep rising after July jump While we think tech stocks will return to the front of the pack before long, we think bank stocks may fare better than many over the rest of the year,' says Capital Economics Source: Market Watch Wed, 24 Jul 2024 11:30:00 -0400 Sentiment: Positive |
| Is Trending Stock The Goldman Sachs Group, Inc. (GS) a Buy Now? Goldman (GS) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock. Source: Zacks Investment Research Wed, 24 Jul 2024 10:03:18 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 509.475 52 Week Low: 283.2663 Beta: 1.364 50 Day MA: 466.2732 200 Day MA: 398.1854 Earnings / Revenue Trends Qtr Earnings Growth YOY: 1.799 Qtr Revenue Growth YOY: 0.211 Forward PE: 11.3122 Trailing PE: 16.0099