Based on the provided data and technical indicators, here's the analysis for Goldman Sachs (GS) stock price prediction for next week:
Technical Analysis
- Current RSI (14) is at 70.59, indicating slightly overbought conditions
- MACD is at 15.10, showing positive momentum
- 20-day SMA at $593.41 acts as immediate support
- 200-day SMA at $502.04 provides long-term support
- Fibonacci levels indicate:
- Resistance 1: $637.45
- Resistance 2: $658.40
- Support 1: $569.63
- Support 2: $548.67
News Sentiment & Fundamental Factors
- Keefe, Bruyette & Woods analyst maintained Outperform rating with $690 price target
- Strong Q4 2024 earnings with impressive trading revenue (+33% YoY) and asset management growth
- Goldman Sachs maintains commitment to DEI initiatives despite industry pressure, showing strong corporate governance
- Potential impact from tariff evasion estimates ($250B) could affect financial sector sentiment
Price Prediction for Next Week
Based on technical and fundamental analysis:
- Bullish scenario (60% probability): Price likely to test $637.45 (Fibonacci R1) with potential to reach $658.40 (Fibonacci R2)
- Neutral scenario (30% probability): Consolidation between $603.54 (Fibonacci pivot) and $637.45
- Bearish scenario (10% probability): Pullback to $569.63 (Fibonacci S1) due to overbought conditions
Recommendation: BUY
Entry point: Current market price ($637.00)
Target: $658.40
Stop loss: $569.63
Based on the provided data and technical indicators, here's the analysis for Goldman Sachs (GS) stock price prediction for next week:
Technical Analysis
- Current RSI (14) is at 70.59, indicating slightly overbought conditions
- MACD is at 15.10, showing positive momentum
- 20-day SMA at $593.41 acts as immediate support
- 200-day SMA at $502.04 provides long-term support
- Fibonacci levels indicate:
- Resistance 1: $637.45
- Resistance 2: $658.40
- Support 1: $569.63
- Support 2: $548.67
News Sentiment & Fundamental Factors
- Keefe, Bruyette & Woods analyst maintained Outperform rating with $690 price target
- Strong Q4 2024 earnings with impressive trading revenue (+33% YoY) and asset management growth
- Goldman Sachs maintains commitment to DEI initiatives despite industry pressure, showing strong corporate governance
- Potential impact from tariff evasion estimates ($250B) could affect financial sector sentiment
Price Prediction for Next Week
Based on technical and fundamental analysis:
- Bullish scenario (60% probability): Price likely to test $637.45 (Fibonacci R1) with potential to reach $658.40 (Fibonacci R2)
- Neutral scenario (30% probability): Consolidation between $603.54 (Fibonacci pivot) and $637.45
- Bearish scenario (10% probability): Pullback to $569.63 (Fibonacci S1) due to overbought conditions
Recommendation: BUY
Entry point: Current market price ($637.00)
Target: $658.40
Stop loss: $569.63