The Goldman Sachs Group, Inc. : The upward trend is showing signs of weakness
Entry price | Target | Stop-loss | Potential |
---|
US$224.93 |
US$207.1 |
US$232 |
+7.93% |
---|
The chart of shares in Goldman Sachs Group Inc. exhibits signs of a downward reversal suggesting that a correction phase is in its beginning.
Strengths● The group's activity appears highly profitable thanks to its outperforming net margins.
● The group usually releases upbeat results with huge surprise rates.
● Its low valuation, with P/E ratio at 10.39 and 9.62 for the ongoing fiscal year and 2020 respectively, makes the stock pretty attractive with regard to earnings multiples.
● The tendency within the weekly time frame is positive above the technical support level at 200.8 USD
Weaknesses● According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
● Based on current prices, the company has particularly high valuation levels.
● For the last four months, EPS estimates made by Standard & Poor's analysts have been revised downwards.
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