Goldman Sachs stock: buy or sell

GS stock price: $374.23 -0.16% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

2

Goldman Sachs stock brief

  • Goldman Sachs closed on Wednesday at $374.23 after scarcely changing a -0.16%.
  • The Goldman Sachs Group, Inc., a financial institution, provides range of financial services for corporations, financial institutions, governments, and individuals worldwide.

Should I buy Goldman Sachs stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $GS stock a buy?

In the current situation of Goldman Sachs there is just one buy setup eligible:

ATH buy setup

All-time Highs is always an excellent buy point for those who like to buy high and sell higher. The good point of buying at ATHs is that price doesn't struggle with upper resistances, and usually it scales fast. However, there's the risk of a bulls trap that may trigger your buy order and then falls sharply. That's why a stop loss is always important. Goldman Sachs can break to all-time highs any time soon, as it only needs to go up a 5.09%. Setup your buy order at $393.26 if you want to trade with this strategy. The stop loss would be ordered at $353.93

Buy setupBuy pointStop lossRisk
ATH buy setup$393.26$353.9310.00%

Should I sell Goldman Sachs stock?

How to know when is it time to sell Goldman Sachs?. As when we have to buy shares, determining when is the best time to sell is not a random decision, and we must use our own trading style. Our trading system selects very simple setups to guide us on when is a good time to sell a stock. Be aware that these setups should not be used for selling short $GS stock

As a rule of thumb, you must never hold an investment that generates losses greater than those expected at the time of the buy. The moment to sell shares should always be determined by the stop-loss (automatic or manual)

Is it time to sell Goldman Sachs stock?

Currently, Goldman Sachs stock doesn't match any of our preferred sell setups, so if you hold Goldman Sachs stock and your operation is in profit probably is not time to sell now

Goldman Sachs ratings

We don't have any rating posted in the previous 30 days for Goldman Sachs

Goldman Sachs stock analysis

SMAs overview

GS stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $375.71 (0.40% above)
  • R2: $385.33 (2.97% above)
  • R3: $393.26 (5.09% above)
  • The current supports are:

  • S1: $355.65 (-4.96% below)
  • S2: $352.06 (-5.92% below)
  • S3: $349.00 (-6.74% below)
  • Bollinger bands

    Since the price broke down the lower band on July 19, the price bounced off by 7.23%. The price is moving near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell point, as price can trade in these levels for many days and weeks

    GS stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 in early June after just crossing to the overbough zone for 1 day (weak signal). The RSI value on Wednesday was 53.15. Since then, Goldman Sachs shares tanked a 4.40%

    GS stock RSI chart

    Goldman Sachs stock price history

    Goldman Sachs went public priced at an adjusted price1 of $58.79 on May 1999. Since then, GS stock surged by 536.55%, with an average of 24.39% per year. If you had invested $1,000USD in Goldman Sachs stock on May 1999, it would have a value of $6,365.54 today.

    1: Adjusted price after possible price splits or reverse-splits

    GS stock price history chart

    Price target for Goldman Sachs stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis predicting how a stock will performance in the future.

    The following table shows the price predictions published by analysts in the last 30 days. If you are a small investor you should not invest based on these predictions.

    We don't have any target price posted in the previous 30 days for Goldman Sachs.

    Earnings and financials

    The Goldman Sachs Group, Inc. ($GS) published earnings of $15.02 per share on July 13, significantly upping the analysts consensus estimate of $10.23 per share. This quarterly report means an earnings surprise of 46.82%. Company's revenue was $15.4 billion in contrast to $12.2 billion predicted by analysts.

    This compares to Earnings of $0.53 per share a year ago, so reported EPS means an improvement of 2,733.96%. Looking at revenue, figures exploded a 32.25% compared to $117.1B year over year.

    Goldman Sachs ($GS) is posting quarterly earnings report next October. Forecasted for this quarter is $9.62, compared to $15.02 that was reported for Q2.

    Goldman Sachs performance

    GS performance compared
    Company1m3m6m
    Goldman Sachs ($GS) -0.20% 7.10% 37.30%

    Important:
    The thoughts expressed in this article are personal and not recommendations for you to buy or sell stocks. The author of this article does not have an understanding of the individual positions of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for educative purposes only

    Goldman Sachs summary

    Wednesday, July 28th, 2021
    Open$375.81
    Close$374.23
    Day range$372.34 - $377.44
    Previous close$374.84
    Session gain-0.16%
    Average true range$12.40
    50d mov avg$370.88
    100d mov avg$355.74
    200d mov avg$305.27
    Earnings dateOctober 12th, 2021

    Frequently asked questions

    What is Goldman Sachs stock symbol?

    The Goldman Sachs Group, Inc. is a public company trading in the US stock market with the GS symbol

    Is Goldman Sachs stock a buy or sell?

    Goldman Sachs had no ratings in the last four weeks Read the article to get additional tips on trading GS stock.

    Will GS go up?

    There were no forecasts published by analysts in the last 30 days for Goldman Sachs.

    Latest Goldman Sachs news