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SHORT trading signal The Goldman Sachs Group Inc - GS

US stock price signals and analysis

Good morning Traders,

Today, September 23,  Lift-Off offers a SHORT trading signal on the US stock The Goldman Sachs Group Inc (Ticker: GS) listed on the NYSE and part of the S&P500 index.

Yesterday it closed at $312.92 per share, marking a -2.43% in closing session

The company is active in the "Finance" sector specifically in the "Broker/Investment Banking Industry"

The current price is slightly overvalued compared to its intrinsic value, with revenue has been declining over the past year with an increase in debt each quarter

Below chart of The Goldman Sachs Group Inc - GS - with the signal detected by Lift-Off

Some information about The Goldman Sachs Group Inc

The Goldman Sachs Group, Inc. is a global investment bank and investment management and financial services provider. 

It operates through Investment Banking, Global Markets, Asset Management and Consumer & Wealth Management. 

It serves the public and private sectors worldwide with financial advisory services, helping companies raise capital to strengthen and grow their businesses and provide financing to corporate clients. 

The Global Markets segment serves its clients who buy and sell financial products, finance and manage risk. 

The Asset Management segment provides investment services to help clients preserve and grow their financial resources. 

The Consumer & Wealth Management segment helps clients achieve their individual financial goals by providing wealth advice and banking services. 

The company was founded by Marcus Goldman in 1869 and is headquartered in New York, NY.

Financial Overview: GS's current market capitalization is USD 110,147B. The company's TTM EPS is 44.92 USD, dividend yield is 3.12% and PE is 7.25. Goldman Sachs Sachs Group, Inc.'s (The) next earnings release date is Oct. 18. The estimate is US$8.03.

Accounts, including revenue, expenses, profit and loss: GS's total revenue for the latest quarter is US$12.98B, down 1.55% from the previous quarter. Net income in Q2 22 is 2.93B USD.

Overview data and accounts source: Tradingview.com

Signal Chart September 23, 2022

SHORT - The Goldman Sachs Group Inc - GS

Input Price: $312.92 (and any opening price)

Area Stop loss or adjustment (partial stop close): $337.00

Area Take profit 1: $296.00 half position close and stop at 0

Area Take profit 2: $278.00