The Chart of the Day belongs to financial service company The Goldman Sachs Group (GS). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 4 /23 the stock gained 9.93%.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 52.34+ Weighted Alpha
- 44.72% gain in the last year
- Trend Seeker buy signal
- Above its 20, 50 and 100 day moving averages
- 18 new highs and up 16.27% in the last month
- Relative Strength Index 79.48%
- Technical support level at $462.63
- Recently traded at $466.09 with 50 day moving average of $414.03
Fundamental Factors:
- Market Cap $147 billion
- P/E 17.71
- Dividend yield 2.34%
- Revenue expected to grow 11.80% this year and another 3.20% next year
- Earnings estimated to increase 52.10% this year, an additional 8.90% next year and continue to compound at an annual rate of 16.82% for the next 5 years
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analysts issued 16 strong buy, 1 buy and 5 hold recommendations
- Value Line has the stock rated its highest rating of 1 with a mid-point price target of $540 about a 20% return
- CFRAs MarketScope has a 4 star buy rating and a price target of $488
- MorningStar gives the stock an average 3 star rating with a Fair Value of $417
- Only 200,000 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
