Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Goldman Sachs' stock (GS) rose in the intraday levels with positive signals from the RSI, marking a cautious profit of 0.72% in the last session, or 2.28 points, and settling at 320.72, while trying to recoup recent losses, while the stock was hurt by piercing the upward trend line previously in the short term, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the support of 301.87, provided the resistance of 336.16 holds on.
Expected trend for today: Bearish