GS goes downDivergence within Divergence.
Weekly and Daily Bearish Divergence.
Forming a rising wedge on the 4H chart, more divergence. It won’t be long now.
GOS trade ideas
GS - Breakout and Retest(ing) of Prior ATHGS last month broke out of this prior All Time High level(397.52). This month(so far) it is back testing the prior ATH level.
Would be interesting to see the Monthly close on this.
As long as we are closing above prior ATH level, expecting to see 420/450 levels
If going long here, would consider Stop Loss of 385 on daily closing basis.
If playing options, I would rather wait and see at least a week to see whether we are able to hold that 400 level. As long as 400 holds, greater possibility of achieving the targets
GOLDMAN SACHS - Pullback and looking to new highs?NYSE:GS price recently broke out from a pennant, and the price seems to be bouncing from previous high. If we properly get a pullback from here to around 322-330 usd, it would be a great oportunity to buy and hold until 470-500 usd. The price has yet to test the top of the pennant and the trending line aswell. Breaking the trendline could make the current rejection at 420 usd mark play out as a double top, and posibly make the price revisit 200-250 usd.
Goldman Sachs Rides High on AI Investments & Strong PerformanceAmidst a landscape of evolving financial markets and emerging technologies, Goldman Sachs ( NYSE:GS ) has strategically positioned itself to capitalize on the growing demand for AI-related infrastructure. The success of OpenAI's ChatGPT has invigorated investor confidence, leading to increased funding in promising AI startups.
In the wake of the Federal Reserve's efforts to navigate the economy towards a 'soft landing,' Goldman Sachs has demonstrated resilience and adaptability. Despite the challenges posed by rising interest rates and inflationary pressures, the firm has reported robust performance across various divisions.
Goldman's investment banking division witnessed a remarkable 32% surge in fees, driven by heightened activity in debt and equity underwriting, as well as advisory services for mergers and acquisitions. Additionally, revenue from trading in fixed income, currencies, and commodities (FICC) saw a notable uptick, buoyed by record financing revenue in mortgages and structured lending.
Equities revenue also experienced a substantial increase, reflecting the firm's ability to capitalize on market opportunities. Meanwhile, the asset and wealth management division achieved record quarterly management fees and witnessed significant growth in assets under supervision.
The Platform Solutions unit, which encompasses Goldman's consumer operations, reported a 24% increase in revenue. As the firm continues to streamline its consumer banking segment, investors are eagerly anticipating the potential for profitability in 2025.
However, amidst the positive momentum, Goldman Sachs faces scrutiny over its consumer banking strategy. Concerns have been raised regarding the efficacy of CEO David Solomon's retail push, leading to calls for the separation of the chairman and CEO roles.
Additionally, Goldman's co-branded credit card partnerships with General Motors have been discontinued, signaling potential challenges in its consumer-facing ventures. The bank's provisions for credit losses have also increased, reflecting uncertainties in its credit card and wholesale loan portfolios.
Despite these challenges, Goldman Sachs ( NYSE:GS ) remains focused on optimizing its business model and enhancing shareholder value. With a strategic emphasis on traditional banking activities and continued investments in emerging technologies, the firm is well-positioned to navigate the evolving financial landscape."
GS 60MINS LONGThe previous resistance is very solid. When the price down to the previous resistance, a very sharpe price rebound happened. A good chance to go long.
Goldman Sachs, the Buyback King?Goldman Sachs, one of the very few giant financial services companies left, is intending to do the first mega buyback program that will exceed One TRILLION dollars into 2025. Gasp.
So the chart shows the initial buybacks commencing and the support of its stock price during the very dicey sideways trend.
The company reports earnings Monday, April 15. Enough time to catch another swing run to earnings if the current consolidation breaks out to the upside.
NYSE:GS is a Sell Side Institution and admits it is heavily vested in NASDAQ:NVDA and other big tech stocks at this time. GS benefits from higher interest rates holding through this year.
GOLDMAN SACHS ON RESISTANCE Goldman Sachs Respected the Resistance area which is likely to create a reversal ahead followed by the sell zone identified.
Navigating $GS: Key Levels and Strategic Entry Points UnveiledDive into our latest analysis on Goldman Sachs ( NYSE:GS ) as we explore crucial price levels identified in yesterday's meeting. This TradingView update unveils potential strategies for both calls and puts, guiding you through informed entry and exit points. Whether you're looking to capitalize on upcoming movements or safeguard your portfolio, our insights into NYSE:GS 's price action could be your roadmap to trading success. Join us as we decode the market signals and strategize for what lies ahead.
Goldman Sachs: Leap Over $500 or Just a Bubble?As we start into the Earnings Season, our focus turns to Goldman Sachs Group on the daily chart. Zooming out, we observe the completion of the higher-degree Waves III and IV, finalized at $290, marked by a Triangle where Wave E broke to the downside. Subsequently, an impulsive Wave (1) unfolded, reaching $390.
Now, the anticipation is set for Wave (2), expected to retracement between 50% and 78.6%. This retracement aligns neatly with a retest of the Triangle's trendline. The exact internal wave structure of Wave (2) remains uncertain. Given Goldman Sachs' tendency for gradual movements, we'll maintain our focus solely on the daily chart for now. This retest, while possibly extended, remains a retest, suggesting the opportunity for positioning in wave (2), or the a wave (3). Consequently, we continue to anticipate a significant and prolonged rise above the $500 mark, should the conditions align.
AVWAPGS Anchored VWAP, and consolidation range. When wicks hit within this price zone there is a very good chance of a bounce towards the upside! Running this same method through tickers on my watchlist!
🏦💹 Goldman Sachs (GS) Analysis📈 Technical Overview:
GS Price: Potential benefits in uncertain macroeconomic conditions.
Resilience: Historical resilience, particularly noted during the 2008 financial crisis.
Private Equity Capital: Significant capital in private equity firms ($1.3 trillion at the start of 2023).
Potential Impact: Expected to benefit intermediaries like Goldman Sachs.
📊💼 Financial Outlook:
M&A Deals: Expected to facilitate complex M&A deals, earning fees for the company.
📈🚀 Trade Sentiment:
Sentiment: Bullish on Goldman Sachs (GS).
Entry Range: Above $320.00-$325.00.
Upside Target: Set in the $520.00-$530.00 range.
🔄💡 Note: Monitor macroeconomic trends for confirmation and adjust strategy accordingly. 📉💡 #GoldmanSachs #GS #FinancialAnalysis 🏦💼
Will Goldman Get Going?Goldman Sachs has gone nowhere for two months, but some traders may look for that to change.
The first pattern on today’s chart is the $374 level. It was a weekly closing price from January 2023 that GS remained below through late December. The stock rallied above it at the end of last year and has remained there since. That could suggest old resistance has become new support.
Next, Bollinger Band Width narrowed during the consolidation period. Will price expansion follow that period of compression?
Third, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA in December. That may suggest its longer-term trend has grown more bullish. (GS also bounced at the 50-day SMA this week.)
Next, the 8-day exponential moving average (EMA) has remained above the 21-day EMA. That may reflect bullishness in the shorter term.
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Goldman Sachs Group (GS): Can we see a One-Two?✌️As we have seen some interesting earnings with ourperforming assets like NASDAQ:META , NASDAQ:NVDA or NASDAQ:MSFT , our focus turns to Goldman Sachs Group NYSE:GS on the daily chart!
Zooming out, we observe the completion of the higher-degree Waves III and IV, finalized at $290, marked by a Triangle where Wave E broke to the downside. Subsequently, an impulsive Wave (1) unfolded, reaching $390.
Now, the anticipation is set for Wave (2), expected to retrace between 50% and 78.6%. This retracement aligns perfectly with a retest of the Triangle's trendline. The exact internal wave structure of Wave (2) remains uncertain. Given Goldman Sachs' tendency for gradual movements, we'll maintain our focus solely on the daily chart for now.
Goldman Sachs Pennant Re-Test (earnings release details inc)Goldman Sachs - NYSE:GS
Chart looks promising
✅ Rising 200 week and 200 day
✅Break out of long term pennant
✅ Pull back would be healthy here
🚨 Main concern would be a double top rejection from red line on the chart
Earnings Perspective
Rev ~~ $11.32B, EST. $10.84B
EPS ~~$5.48 VS. $3.32 Y/Y
AUM ~~ $2.81T, EST. $2.77T
PUKA
goldman sachs options earning ideawhat the lines mean
buy & sell markup
blue line is buy break
red line is sell break
green lines are the contracts you could take
sls below the buy/sell breaks
Goldman Sachs (GS) pre earnings Simple chart here.
Broke out of a major pennat back in December.. technically this pennant should take GS back to ATH but first it needs to get over 390 hurdle.
Over 390 and long it to 422
Reject at 390 and short it back to 350
GS : Booked a profit of 15.06% of the invested capitalI have been holding on to this position for about 9 months. At the current valuation I do believe that the Nasdaq and S&P500 is expensive. So there is a high probability for a sell-off to hit the market anytime soon.
So decided to book profits in some of my positions and this is one of them. Will consider a re-entry if market crashes back to the initial entry levels.
But I'm also aware of the fact that there is a potential move of about 16% to the channel high, which may be achieved in the near future. The decision of FED to pause the interest rate for the 3rd consecutive time may also fuel this move, since this indicates a possibility for a rate cut in the coming months.
GS - longI don't really have much technical analysis support for this trade. This one is basically all fundamental:
GS just reported earnings, and they took a bunch of charges, which made 3Q2023 a lot worse than 3Q2022. They did, however, still beat estimates.
It looks to me like GS is finally getting out of a lot of the headwinds they had over the past couple of years:
IPO and M&A activity has been very muted over the last several quarters, and we are finally starting to see a decent pipeline emerge.
The bank is getting ready to jettison its Apple partnership, and its whole consumer-facing Marcus franchise.
GS significantly cut exposure to commercial real estate, which looks like it will produce losses for years to come.
The WFH controversy that has caused a lot of dissatisfaction within the ranks seems to have died down.
Most importantly, today's earnings seem to be met with relief by investors that it wasn't as bad as feared. From a valuation perspective banks have been cheap for a long time, and continue to look cheap to me. And IV is very low by historical comparison. I got long a December out of the money vertical call spread.
Goldman Sachs triangle break to downsideGoldman Sachs - Triangle break to the downside on the weekly chart. 279 expected as first level of support.
This is not a recommendation to trade. Do your own research and decide on your own trades.
GS towards 200USDExpecting GS to trade lower in the future.
Similar trade setups accross most banking stocks - US and EU.
Looks braking down from its +500Day trading range.
Goldman Sachs Group to $215The above 2-week chart informs us price action has confirmed a reliable bearish pattern known as the bear-flag. The pattern is reliable in identifying price action targets as measured from the peak of price action to the first support known as the flagpole.
The flagpole is now used to measure the target from the area where price action breaks out of the upward channel. $215.
The target is especially interesting for two reasons:
1) It is the golden ratio.
2) That black line.
Is it passible price action continues to rise? Sure.
Is it probable? No.
Ww
Type: trade
Timeframe: 2024
PennantThere is a pole and a structure that slopes against the most current trend.
Price has broken down from the structure but has hit a support zone and is up a bit today.
Some would take the pole using the magnet ad project it up or down from the flag to get a guesstimate of targets. This is a neutral pattern until clearly broken and the definition of clearly broken can vary. Some would use 2 closes but retests do happen.
No recommendation.
GS Earnings and Institutional HoldingsNYSE:GS has had a sudden huge decline in its Institutional Holdings from last quarter--a whopping 12%. That's huge. This suggests that often the selling is from Buy-Side Institutions.
Goldman Sachs has a buyback program of 30 billion dollars underway, approved end of February 2023. The Buybacks started in March and have continued until recently. I showed the buyback activity on the daily chart in this article earlier this month.
The Support from corporate buybacks poses problems for selling short. The stock is also prone to HFT triggers with frequent gapping. The first Support level is just above the 2022 lows.
The company reported earnings this morning and gapped down at open but is holding onto the sideways range it's been in for 2 weeks so far.
However, Quarterly and Annual Reports are starting to show signs of weakness as this company struggles to reinvent.
NYSE:GS is also facing loss of revenues from IPO underwriting as the NASDAQ Private Market is undermining the high income usually generated from IPOs by underwriters.
IMO, the investment banking industry is slowly becoming obsolete as DeFi, Fintech, Blockchain technologies and Crypto currencies continue to advance and erode traditional revenue streams.
