Goldman Sachs, the crack in volume keeps widening
Goldman Sachs slips 0.4% as sellers keep control of volume
Goldman Sachs, the crack in volume keeps widening
Our view last week
In this week's technical analysis, Goldman Sachs stock gains 1%, but under the surface something is cracking: 76% of volume flipped to the sell side, the last candle's body is weak, and buyer dominance is collapsing. It's the first real crack after weeks of a clean climb, with price now boxed into a tight band around the 20-day moving average, in the 1065 area.
This week's summary
A week ago volume had already flipped to the sell side despite a 1% weekly gain: this week Goldman Sachs slips 0.4% and seller dominance widens further, with 83% of volume on the sell side and buyers increasingly on the back foot. Price stays boxed into a tight band around the 20-day moving average, while a rising ADX shows the trend still gaining conviction. The trade has been running for 15 weeks and sits with a 16.9% gain.
IQS Phase
46
ordinary
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#47 / 124
US stocks in progress
Trade P&L %
+16.90%
from signal to today
Rank position
ranks 47th among the 124 Longs already running for US stocks in our ranking, with a signal strength of 59 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein positive regime
Performanceweekly +0.09% · monthly +4.82%
GS belongs to the financials sector (reference ETF XLF). The sector is classified in positive regime according to our weekly reading.
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