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April 10, 2021, 10:21 a.m. EDT

Why the Technicals for Goldman Sachs Group $GS can be More Revealing than the Fundamentals

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Apr 10, 2021 (Stock Traders Daily via COMTEX) -- Technical analysis provides insights that fundamental observations cannot. We can use that to our advantage in Goldman Sachs Group /zigman2/quotes/209237603/composite GS -0.60% . Using the data offered below we have a real-time example. Review The technical data for GS below, and the added value of technical analysis will become clearer. Trading plans are derived naturally from the technicals. This data is current, but it is not real time. If you want a real time update, or data on a different stock, please get one here Unlimited Real Time Reports .

Technical Summary

The Technical Summary and Trading Plans for GS help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this GS Report.

The technical summary data tells us to buy GS near 308.02 with an upside target of 340.17. This data also tells us to set a stop loss @ 307.13 to protect against excessive loss in case the stock begins to move against the trade. 308.02 is the first level of support below 330.81 , and by rule, any test of support is a buy signal. In this case, support 308.02 is being tested, a buy signal would exist.

The technical summary data is suggesting a short of GS as it gets near 340.17 with a downside target of 308.02. We should have a stop loss in place at 341.15though. 340.17 is the first level of resistance above 330.81, and by rule, any test of resistance is a short signal. In this case, if resistance 340.17 is being tested, a short signal would exist.


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$ 368.68
-2.21 -0.60%
Volume: 3.37M
May 10, 2021 4:00p
P/E Ratio
Dividend Yield
Market Cap
$126.18 billion
Rev. per Employee

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