GS | Quiet Digestion, Breakout Trigger Above $790
$Goldman Sachs(GS)$
$786.34 (−0.16%): Quiet consolidation at highs; breakout watch above $790, support $770–780
Market Recap:
Goldman Sachs slipped slightly to $786.34 (−0.16%), holding near the upper band of its multi-month range.
The stock is up ≈37% YTD, trading only ~5% below its $825.25 52-week high.
Volume (~1.83 M shares) remained light, suggesting consolidation rather than distribution.
Trend Structure:
GS remains in a strong uptrend—price sits above both EMA-20 ($781.8) and EMA-50 ($770.0), with the two lines still positively aligned.
The slope of the short EMA has flattened, showing digestion after October’s rally rather than breakdown.
Momentum Indicators:
MACD (12,26,9): MACD = 4.26 | Signal = 2.88 | Histogram = +1.38 → mild bullish bias, cross above zero line confirmed; positive but not yet accelerating.
RSI (14): 53.4 (neutral-bullish zone), suggesting balanced momentum and room for a new leg higher if buying resumes.
Key Levels to Watch:
Immediate support: $781 (EMA-20) → $770 (EMA-50).
Major support: $750 – $755 (previous base in Sept–Oct).
Resistance zone: $790 – $800 (short-term breakout band); then $825 (52-wk high).
A confirmed daily close > $790 – 795 could re-ignite momentum toward $810 – $825; a slip < $770 would warn of a deeper retrace to the mid-$740s.
Valuation & Context:
P/E (TTM): ≈ 15.9×, below the S&P 500 median (~25×) and peers like MS, JPM.
Dividend yield ~ 2.0%, next ex-date Dec 2 2025; next earnings Jan 15 2026.
Macro backdrop (rate stabilization + capital-markets recovery) continues to support GS’s wealth-management and trading units.
Outlook:
Base case → Range-bound to mildly bullish between $770–$800 as consolidation tightens.
Breakout case → Clear move > $800 closes the range for a test of $820–$825.
Downside case → Below $770, expect corrective drift toward $745 – 750 where buyers previously re-emerged.
Technical Summary:
GS exhibits healthy digestion atop a long uptrend—momentum constructive, no major bearish signals.
Patience favored: buy-on-dip near $780 / stop $765, or breakout-add > $795 target $820–825.
Data derived from your TradingView & Yahoo Finance snapshots; this analysis is informational only, not investment advice.
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