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Goldman Sachs Group, Inc. (The)Goldman Sachs Group, Inc. (The)Goldman Sachs Group, Inc. (The)

Goldman Sachs Group, Inc. (The)

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GS trade ideas

Falling Wedge- Bullish - UpdateJust posting a quick update here as GS has pulled back with the broader markets- Still bullish as GS respected support nicely and is holding within a nice falling wedge. Buyer volume starting to pick back up along with some bullish hidden divergence on the RSI & a golden cross on the MACD. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- Bullish and looking for a breakout, see previous charts attached below for previous price targets. - Falling Wedge - MACD Cross on the 4-Hour Timeframe - 8-Day EMA & RSI are About to Cross on the 4-Hour Timeframe (Not Pictured) - Bullish Hidden Divergence on the RSI on Shorter Timeframes as well - Gap Fill on the upside circa $395.90-398.90 - Double Bottom off Support and Bullish Hammer off the VWAP on the Hourly Timeframe (Not Pictured) -Previously Charted-
NYSE:GSLong
by jacobosiason7
Ascending Triangle Forming- UpdateJust posting a quick update on GS as it would appear to be a nice bullish ascending triangle forming on the GS daily timeframe. Solid close yesterday after reclaiming the 50-day SMA as well sitting right on the 50-day EMA. GS is also holding a bullish falling wedge on the 4-hour and shorter timeframes. Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- Bullish and looking for a breakout, previous charts are attached below. - Ascending Triangle Forming on the Daily Timeframe - MACD Cross on the 4-Hour Timeframe (See Attached Chart Below) - Falling Wedge on the 4-Hour Timeframe (See Attached Chart Below) - 8-Day EMA & RSI are About to Cross on the 4-Hour Timeframe (See Attached Chart Below) - Slight Bullish Hidden Divergence on the RSI on Shorter Timeframes - Reclaimed the 20-day & 50-day EMA's, SMA's starting to converge as well - Buyer Volume Starting to Pick Back Up Relative to Seller Volume PT1- $402.62 PT2- $403.93 PT3- $405.73 PT4- $408.35+ 4-Hour Timeframe -Previously Charted-
NYSE:GSLong
by jacobosiason7
5
Falling Wedge- Bullish - UpdateWill be watching GS closely for a breakout here (broader market conditions permitting). Solid close yesterday after reclaiming the 200-day SMA as well as forming a falling wedge on the 1-hour, 2-hour, and 4-hour timeframes. Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on in the meantime- Bullish and looking for a breakout from this wedge - MACD Cross on the Hourly Timeframe (Not Pictured) - Bollinger Bands Squeezing on the Hourly Timeframe (Not Pictured) - Bullish Hidden Divergence on the RSI - Reclaimed the 200-day SMA - Buyer Volume Starting to Pick Back Up Relative to Seller Volume PT1- $403.71 PT2- $404.93 PT3- $405.73 PT4- $408.35+ Previously Charted-
NYSE:GSLong
by jacobosiason7
2
$GS - high level overviewGS appears to be in the minor wave 3 of intermediate 5 of primary 1. After this last extension we will be topping for a primary 1, and a large drop is likely to occur. This lines up with the overall view that soon the indexes will also be coming to a wave 5 top. This could still extend for quite some time, possibly even tag 500, but the divergence here shouldn't be ignored. On a break of the lower TL(w/ volume confirmation), the backtest is a short with a PT being the covid TL which has confluence with covid low AVWAP (well above the 61.8 which will be the ideal bottom scenario for longs) Trading this: scalp longs and wait for signal to go short
NYSE:GS
by btwice53190
Falling Wedge- BullishWill be watching GS closely for a breakout here (broader market conditions permitting). Solid close today after reclaiming the 50day MA as well as forming a falling wedge on the 4-hour and daily timeframes. Definitely important to note also GS does have earnings coming up on 10/15' - Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on- Bullish - Falling wedge ( bullish ) - Bullish divergence on the RSI - MACD cross - Reclaimed the 50-day EMA - Earnings on 10/15' PT1- $395.57 PT2- $396.11 PT3- $399.90 + Breakout
NYSE:GSLong
by jacobosiason7
1
Goldman Fights the DowntrendGoldman Sachs hit a new high late in the summer. Now after a healthy pullback, it may be ready to keep moving. The first pattern on today’s chart is the falling trendline that began on August 30. GS tried to break that resistance twice last month. It was rejected both times with large bearish engulfing candles. But on Thursday it touched the line and managed to close above it the next session. Second, notice the double-bottom around $372.50 on September 20 and October 4. Such a bullish reversal pattern could mark the end of its shorter-term downtrend. Third, GS closed above its 8-day exponential moving average (EMA) for the last four sessions. That hasn’t happened since the pullback began. Finally, the situation off the chart is potentially positive as interest rates rise, financials advance and GS prepares to report earnings on Friday. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:GSLong
by TradeStation
Ascending Triangle Forming- BullishLooks like an ascending triangle forming on GS after a long downtrend & some consolidation- - Closed yesterday sitting on the 100day EMA and looks like it will reclaim the 50-day as well - Buyer volume starting to pick up again, was in oversold territory for quite some time - MACD is seemingly about to cross, EMA's curling upwards on shorter timeframes (Not Pictured) - The previous times GS has been rangebound for a bit have seen a big breakout to new ATH's (See Previous Charts Below)- also consecutive pattern of making higher highs and lower lows - Bullish & looking for a breakout, just some support and resistance levels to keep an eye on along with some RSI based supply and demand zones to keep an eye on PT1- $392.16 PT2- $396.52 PT3- $398.95+ Breakout
NYSE:GSLong
by jacobosiason7
2
Goldman Sachs | Detailed Fundamental Analysis Investment banking behemoth Goldman Sachs recently announced its intention to acquire GreenSky, a sales and "buy-now-pay-later" fintech company, in an all-stock deal worth about $2.2 billion. GreenSky is a major intermediary for home improvement loans and planned transactions, and allows customers to make purchases and repay them in multiple payments over some time. GreenSky currently serves a $9 billion loan portfolio and has served about 4 million consumers with about $30 billion in loans since launch. Here are three reasons why Goldman is entering the "buy-now-pay-later" realm and acquiring GreenSky. First, to help continue Marcus' growth. Over the past several years, GS has been looking to grow its franchise in consumer lending to generate more stable revenues that can be volatile in investment banking. An important part of that strategy was the bank's launch of its digital bank, Marcus, which offers high-yield savings accounts, loans, and credit cards, and eventually plans to offer checking accounts as well. GreenSky will help Marcus expand its offering of credit products, but apart from that, it will help the bank increase its overall user base. Marcus currently has about 8 million customers. GreenSky provides a low-cost strategy for acquiring not only more customers who will take high-profit loans, but also customers who can be cross-sold other Marcus products - whether it's a savings or checking account or perhaps a mortgage. In a presentation on the acquisition, Goldman said GreenSky represents an opportunity to capture the $430 billion home repair market, which provides 20% plus returns at scale. GreenSky has also created a network of more than 10,000 salespeople with whom it works to transact and engage customers at the point of sale. This segment could also be valuable in the future. Goldman already offers many capital markets and investment banking products that it could sell to these customers. And who knows, maybe at some point the bank will expand its consumer franchise into business banking. Of course, this is not projected or anticipated, but this segment could be a great starting point if Goldman ever decides to do so. Second, it would help improve the bank's stability. Most fintech companies tend to struggle to generate the profitability and returns that shareholders want because they are acting as a bank without being a licensed bank. Not being a bank has its advantages, most notably less regulatory oversight, which allows these fast-moving technology companies to be more nimble and acquire customers in a much more efficient way than a traditional bank. But the disadvantage is that fintechs cannot collect cheap deposits to finance loans and therefore have to count on partner banks and warehouse space, which increases the cost of financing. GreenSky also relies on partner banks for its loans, which probably costs them as well. With the backing of a major bank like Goldman, GreenSky won't have to worry as much about the financing aspect, especially if Marcus proves successful in collecting deposits. The bank will also probably be able -- if it wants to -- to put these high-interest loans on its balance sheet and collect regular monthly interest payments. This is more profitable than selling loans for fees, on which GreenSky earns most of its income. Goldman will also be able to offer GreenSky more resources to improve its technology platform. Well, third, it's a pretty good purchase price. Goldman's $2.2 billion offer sent GreenSky's stock soaring more than 50 percent, but the purchase price is not such a crazy valuation for a somewhat promising fintech company operating on a "buy-now-pay-later" basis, a sector that is now attracting a lot of investor interest. On a prospective basis and after the Goldman announcement, GreenSky currently trades at 3.8 to sales, 20 to earnings, and 14.3 to earnings before interest, taxes, depreciation, and amortization (EBITDA). As Marcus and the consumer banking franchise seem to be on the right track, this Goldman deal is to everyone's liking. It offers the consumer banking business a whole new customer base with a low acquisition rate to which it can hopefully cross-sell its other consumer banking products. In addition, the price Goldman is paying is reasonable, given how large the bank is and how the bank's stability should make GreenSky's operations more efficient and profitable.
NYSE:GSShort
by FOREXN1
3