Goldman Sachs Group $GS Technical Update – Stock Traders Daily

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Goldman Sachs Group $GS Technical Update

The Goldman Sachs Group (NYSE: GS) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for GS, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Weak Neutral Neutral
P1 234.99 226.97 207.81
P2 238.10 237.85 226.42
P3 241.31 248.27 245.33

Long Term Trading Plans for GS

September 5, 2018, 2:30 pm ET

The Technical Summary and Trading Plans for GS help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this GS Report.

GS – (Long) Support Plan

Buy over 226.42 target 245.33 stop loss @ 226.16.
The technical summary data tells us to buy GS near 226.42 with an upside target of 245.33. This data also tells us to set a stop loss @ 226.16 to protect against excessive loss in case the stock begins to move against the trade. 226.42 is the first level of support below 238.07 , and by rule, any test of support is a buy signal. In this case, support 226.42 is being tested, a buy signal would exist.

GS – (Short) Resistance Plan

Short under 245.33 target 226.42 stop loss @ 245.59
The technical summary data is suggesting a short of GS as it gets near 245.33 with a downside target of 226.42. We should have a stop loss in place at 245.59 though. 245.33 is the first level of resistance above 238.07, and by rule, any test of resistance is a short signal. In this case, if resistance 245.33 is being tested, a short signal would exist.

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