Goldman Sachs Technical Analysis (NYSE:GS)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Goldman Sachs stock price data and volume are plotted in GS stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Goldman Sachs. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Goldman Sachs stock analysis.
Goldman Sachs Moving Average
Moving averages show the average price of GS stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $234.36 is above the last closing price of $233.38 and the 50 day moving average of $230.2 is below the last closing price of $233.38. The 10 and 20 day periods can predict short term moving average trends.
Goldman Sachs Bollinger Bands
Bollinger bands comprise of a center line usually GS SMA, and two GS stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $233.38 is in the lower range of Goldman Sachs bollinger bands.
Goldman Sachs Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Goldman Sachs MACD line is above the signal line.
Goldman Sachs Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of GS stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.