Goldman Sachs Group Inc (The) Stock Forecast
Goldman Sachs Group Inc (The) stock price ended at $404.00 on Friday, after gaining 0.221%.
(Updated on Apr 19, 2024)
The Goldman Sachs Group Inc (The) stock price gained 0.221% on the last trading day (Friday, 19th Apr 2024), rising from $403.11 to $404.00. During the last trading day the stock fluctuated 1.24% from a day low at $403.01 to a day high of $408.00. The price has been going up and down for this period, and there has been a -1% loss for the last 2 weeks. Volume fell on the last day by -270 thousand shares and in total, 2 million shares were bought and sold for approximately $996.32 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.16% during the next 3 months and, with a 90% probability hold a price between $419.84 and $454.96 at the end of this 3-month period.
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GS Signals & Forecast
The Goldman Sachs Group Inc (The) 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 $399.39 and $399.50. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 3.73%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Goldman Sachs Group Inc (The) stock
Goldman Sachs Group Inc (The) finds support from accumulated volume at $403.91 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 $4.99 between high and low, or 1.24%. For the last week the stock has had daily average volatility of 2.02%.
Our recommended stop-loss: $385.73 (-4.52%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (GS) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Goldman Sachs Group Inc (The) to open at $405.00, and during the day (based on 14 day Average True Range), to move between $395.27 and $412.73, which gives a possible trading interval of +/-$8.73 (+/-2.16%) up or down from last closing price. If Goldman Sachs Group Inc (The) takes out the full calculated possible swing range there will be an estimated 4.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $403.91 (0.02%) than the resistance at $410.15 (1.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Goldman Sachs Group Inc (The) stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Goldman Sachs Group Inc (The) stock to perform well in the short-term.
Current score: 4.095 Buy Candidate Unchanged
Predicted Opening Price for Goldman Sachs Group Inc (The) of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $405.00 ( 0.248%) | $404.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 409.99 | 1.48 % | |
| R2 | 408.09 | 1.01 % | ||
| R1 | 406.91 | 0.720 % | ||
| Current price: | 404.00 | |||
| Support | S1 | 403.10 | -0.223 % | |
| S2 | 401.92 | -0.515 % | ||
| S3 | 400.01 | -0.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 415.25 | 2.78 % | |
| R2 | 413.71 | 2.40 % | ||
| R1 | 410.15 | 1.52 % | ||
| Current price | 404.00 | |||
| Support | S1 | 403.91 | -0.0223% | |
| S2 | 400.88 | -0.772% | ||
| S3 | 396.86 | -1.77% |
GS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Jun 27, 2024 | $2.75 | 0.681% |
| 2 | Jan 12, 2024 | Feb 28, 2024 | Mar 28, 2024 | $2.75 | 0.658% |
| 3 | Oct 12, 2023 | Nov 29, 2023 | Dec 28, 2023 | $2.75 | 0.712% |
| 4 | Jul 19, 2023 | Aug 30, 2023 | Sep 28, 2023 | $2.75 | 0.85% |
| 5 | Apr 18, 2023 | May 31, 2023 | Sep 28, 2023 | $2.50 | 0.769% |
FAQ
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