Goldman Sachs Group Securities STRATS Stock Forecast

Green day on Thursday for Goldman Sachs Group Securities STRATS
(Updated on May 02, 2024)

GJS Signals & Forecast

The Goldman Sachs Group Securities STRATS stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $22.78 and $22.80. A breakdown below any of these levels will issue sell signals. Goldman Sachs Group Securities STRATS has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -0.690%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, October 11, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Goldman Sachs Group Securities STRATS stock

Goldman Sachs Group Securities STRATS finds support from accumulated volume at $22.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0100 between high and low, or 0.0434%. For the last week the stock has had daily average volatility of 0.119%.

Our recommended stop-loss: $22.09 (-4.14%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (GJS) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Goldman Sachs Group Securities STRATS Trust for Goldman Sachs Group Securities, Series 2006-2 to open at $23.04, and during the day (based on 14 day Average True Range), to move between $22.86 and $23.22, which gives a possible trading interval of +/-$0.183 (+/-0.80%) up or down from last closing price. If Goldman Sachs Group Securities STRATS Trust for Goldman Sachs Group Securities, Series 2006-2 takes out the full calculated possible swing range there will be an estimated 1.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $23.05 (0.04%) than the support at $22.80 (1.04%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Goldman Sachs Group Securities STRATS Trust for Goldman Sachs Group Securities, Series 2006-2 stock A Buy?

Goldman Sachs Group Securities STRATS holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.815 Hold/Accumulate Unchanged

Predicted Opening Price for Goldman Sachs Group Securities STRATS Trust for Goldman Sachs Group Securities, Series 2006-2 of Friday, May 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.