Goldman Sachs (#GS) weekly uptrend opportunity based On 1.00 Lot Calculation:
Goldman Sachs Group engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, helping companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.
- EVENT: EARNINGS REPORT on January 18 (Source: Bloomberg). The bank has beat earning per share expectations 6 of 8 last time and revenues 8 of 8 and boasts an average surprise for the past two quarters of 52.19%.
- Rapid progress in the U.S. labor market and hawkish signals in minutes from the Dec. 14-15 FOMC suggest faster Fed’s monetary policy normalization. The Fed will likely raise interest rates four times this year according to the analysts. Financial stocks generally benefit from a strong economy and higher rates since banks can charge borrowers more, while still paying depositors less.
- PRICE ACTION: Goldman Sachs shares are up nearly 43% in the past 12 months. After reaching the record high of $426.16 on November 2, the price fell 14% by the mid of December. Currently the price is $399 which is 6.81% below the record high.
UBS Group upped their price objective on shares of The Goldman Sachs Group from $415.00 to $416.00. Citigroup upped their price objective on shares of The Goldman Sachs Group to $440.00. Morgan Stanley raised shares of The Goldman Sachs Group from an "underweight" rating to an "equal weight" rating and set a $479.00 price objective. Oppenheimer upped their price objective on shares of The Goldman Sachs Group from $520.00 to $576.00
Goldman Sachs, January 11, 2022
Current Price: 399.00
|
Goldman Sachs |
Weekly |
|
Trend direction |
|
|
434.00 |
|
|
426.00 |
|
|
419.50 |
|
|
378.50 |
|
|
372.00 |
|
|
364.00 |
Example of calculation based on weekly trend direction for 1.00 Lot*
|
Goldman Sachs |
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|
Pivot Points |
||||||
|
Profit or loss in $ |
35,000.00 |
27,000.00 |
20,500.00 |
-20,500.00 |
-27,000.00 |
-35,000.00 |
|
Profit or loss in €** |
30,874.54 |
23,817.50 |
18,083.66 |
-18,083.66 |
-23,817.50 |
-30,874.54 |
|
Profit or loss in £** |
25,754.23 |
19,867.55 |
15,084.62 |
-15,084.62 |
-19,867.55 |
-25,754.23 |
|
Profit or loss in C$** |
44,263.45 |
34,146.09 |
25,925.74 |
-25,925.74 |
-34,146.09 |
-44,263.45 |
* 1.00 lot is equivalent of 1 000 units
** Calculations for exchange rate used as of 08:20 (GMT) 11/01/2022
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing y6our position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more detail