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GOLDMAN SACHS GROUP

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1GS trade ideas

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.
NYSE:GS
by Sniper-Traders
1
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.
NYSE:GSLong
by matthias
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
NYSE:GSShort
by without_worries
1
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.
NYSE:GS
by MarthaStokesCMT-TechniTrader
📈📊 #ChartPattern Alert! 📈📊 📈 Channel 📈A "channel," in the context of trading and technical analysis, is a chart pattern that forms when the prices of a financial asset move between two parallel lines, creating a kind of corridor or channel. There are two main types of channels: an ascending channel and a descending channel. Ascending Channel: This channel forms when prices have an overall upward trend, but this trend is contained within two upward-sloping parallel lines. The lower level is the support, where prices often find buyers, while the upper level is the resistance, where sellers may come into play. Traders often view the ascending channel as a sign of the continuation of the existing uptrend. Descending Channel: On the other hand, the descending channel forms when prices have a downward trend, but this trend is bounded by two downward-sloping parallel lines. The upper level is the resistance, where prices tend to retreat, while the lower level is the support, where minor bounces may occur. Traders typically interpret the descending channel as a sign of the continuation of the downtrend. Channel analysis is an important tool for traders as it can help identify entry and exit points, as well as set profit targets and stop-loss levels. However, it's crucial to note that channels are not foolproof, and prices can break beyond the channel lines, signaling a change in trend. In summary, a "channel" is a chart formation that depicts the direction and strength of a price trend in a financial asset. It's a useful tool for traders looking to make informed decisions about their market trades.
NYSE:GS
by RaffDN
💵  E a r n i n g s J o u r n a l📶 S T A T I S T I C A L A N A L Y S I S           Current 50-Day Market Trend: short/sellers/negative. Next Swing: positive swing to resistance. Next Wave: buy wave to the deviation. Next 50-Day Market Trend: long/buyers/positive. Trade Type: Touch & Go don't wait for a close.          💵 E A R N I N G S A T A G L A N C E Release Date: 10/17 BMO Quarter: FQ3'23 _______________________________________________ Revenue Anticipations: positive surprise of Revenues. Revenue Surprise-Confidence: on a scale of 0-9, #7 Revenue 2-Year Trend: the company trend in Revenues is negative. _______________________________________________ EPS Anticipations: positive surprise of EPS. EPS Surprise-Confidence: on a scale of 0-9, #4 EPS 2-Year Trend: the company trend in EPS is negative. _______________________________________________ 📝 S Y N O P S I S 🟢BUY: If the earnings report is above the Wall Street consensus I expect the market will buy the +surprise. ⚪NEUTRAL: If the earnings report is released with complicating press then I expect the market will avoid the surprise and invest in alternative securities. 🔴SELL: If the earnings report is below the Wall Street consensus I expect the market will sell the -surprise. 🔎 R E S E A R C H D E P T H Technical Analysis: daily chart. Fundamental Analysis: EPS & Revenue data. Press/News: none. Social Media: none.
NYSE:GS
by UnknownUnicorn28743597
Buyback Patterns: GSAs the #3 most heavily weighted stock for the TVC:DJI , NYSE:GS was one of the drivers behind the run down this week. In February, a buyback program of 30 billion was approved. Buybacks probably commenced in March and have been boosting the price up within the trading range until recently. It may be that the buyback money has been depleted. Goldman Sachs reports Oct 17. Revenues declined last quarter. Earnings are up and down. So probably not a great earnings report for Q3. However, the stock has support at the black line, so it doesn't have huge downside potential.
NYSE:GS
by MarthaStokesCMT-TechniTrader
are you prepared for another rally ?I wanted to post an analysis on GS but can't figure out on the fourth wave pattern of the third wave extension until recently when I saw a contracting triangle pattern forming. It's very common to see triangle in corrective fourth wave. not so in second wave. A decisive breakout above the resistance trendline of the contracting triangle will indicate the rally of the fifth wave of the third wave extension, with the target price in the region of 527, a 2.618 extension of the wave 1, as depicted in the chart. This is followed by a retracement to a target price of 435, a 2.0 extension of wave 1, as wave 4. Despite the recent negative criticisms/comments on GS's CEO ,David Solomon, with the rally in the stock price in the foreseeable future, he should be able to keep his job as the topman in GS.
NYSE:GSLong
by brown_maverick
$GS Head & Shoulders Patternkeeping an eye on a potential Head & Shoulders pattern in the stock of Goldman Sachs (ticker symbol: NYSE:GS ). The Head & Shoulders pattern is a popular technical analysis pattern used by traders to predict potential trend reversals. It typically consists of three peaks: a higher peak (head) between two lower peaks (shoulders). The pattern suggests a potential reversal from an uptrend to a downtrend. Here are some key points to keep in mind when trading or investing based on this pattern: 1. **Confirmation**: A Head & Shoulders pattern is only confirmed when the price breaks below the "neckline," which is the line that connects the lows of the two shoulders. This breakout typically signals a bearish trend reversal. 2. **Volume**: Analyzing trading volume can be crucial. Ideally, you'd like to see declining volume as the pattern forms, followed by a noticeable increase in volume on the breakout below the neckline. This increase in volume adds more credibility to the pattern. 3. **Price Targets**: Some traders use the height of the head to the neckline to estimate a potential price target for the downward move after the breakout. 4. **False Signals**: Not all Head & Shoulders patterns work out as expected. Sometimes they can be false signals. It's important to consider other technical indicators, market conditions, and fundamental factors when making trading decisions. 5. **Risk Management**: Always have a clear risk management strategy in place. Determine your stop-loss levels to limit potential losses if the trade goes against you. 6. **Market Context**: Consider the broader market context and news related to the specific stock and industry. Market sentiment and external factors can impact the success of the pattern. 7. **Timeframe**: The effectiveness of this pattern can vary depending on the timeframe you're trading. It's often more reliable on longer timeframes, but it can also be applied to shorter ones. Remember that no trading or investing strategy is foolproof, and past patterns are not guarantees of future performance. It's essential to conduct thorough research and analysis before making any trading decisions. If you're not experienced with technical analysis or trading, consider consulting with a financial advisor or professional who can provide personalized guidance based on your financial goals and risk tolerance.
NYSE:GSShort
by AlgoTradeAlert
Goldman Sachs - Are Banks The Next Dumpster?Goldman Sachs is another one of those stocks that's traded like a can of dog food for a very long period of time that the masses are really drawn to, much like Target, Disney, and Paypal, of which you can find calls for that I've made in the linked section below. GS is relatively significant in that it's one of the 30 components of the Dow, which is one of the big three indexes. The Dow had previously been the leader in strength, and for a long time, but in the last several weeks has become the leader in weakness. Although it looks like a minor blip on the radar, I feel it's something of a harbinger of doom. And the problem for Goldman Sachs can be seen clearly on the monthly: Clearly insofar that the bounce from the 2018 high should have lead to new highs. Instead, the distribution block from the market highs served as resistance. 14 months later, it took out July's low and we can now safely theorize that lower prices are in order. Weekly bars show us that a failure swing has formed and July's price action was just a local stop raid. So, what could a catalyst be? Arguably, there doesn't need to be a catalyst. It's just that JP Morgan is long 15,800 puts with a strike of SPX 4,225 expiring September 29 that have never been in the money since they were purchased at the end of Q2. And so when one index falls, all indexes falls, and the arbitrage algorithms naturally take component stocks down with them. There's also the economic disaster China under Xi Jinping and his Chinese Communist Party are facing. When you have a disaster hit the world's "Central Kingdom," nobody is an island and those macro equity flows will cause significant turmoil in other markets. For the U.S. market makers, this simply represents an opportunity to kill longs, buy everyone's losses at the bottom, and rip it back to new highs while you short sell and chase the entire way because Reddit and Discord and Xeeeeeter told you to. But "the best laid plans of mice and men often go awry." What looms over the head of humanity is the CCP's 24-year persecution of Falun Dafa's 100 million practitioners in Mainland China, which was launched by former Chairman Jiang Zemin on July 20, 1999. Although Jiang is dead now, the persecution still continues. Xi hasn't been a part of the persecution. Xi, to the contrary, has been killing the participants of the persecution in his "Anti-Corruption Campaign." But much of the world has gone to Shanghai to do business with the Jiang Faction and that requires swearing vows to the Red Cult's Flag of Blood and leaving collateral. This is going to be a roadblock to the future for the U.S. "systemically important banks" that cannot be passed, and the impact is going to be significant. So, here's the trade on Goldman Sachs. The target the algorithm is set up to pursue is definitely $275. Shorting from $320 actually really isn't that bad. Getting $45 on a put will do rather well for you even if you can only afford one. Although optimal entry was definitely the $350s. But the truth is that you aren't likely to be able to long $274 profitably. I'd say the first place you can look for a reversal or a meaningful bounce is $223. Humans won't believe it until they see it. But once you see it, it's too late. It only counts if you do something for yourself while the cards are still face down. Just like poker, the river is coming, and there won't be any "running it twice."
NYSE:GSShort
by LordWrymouth