Goldman Sachs Group

GS
Real-time BATS EXCHANGE - 08/22 04:10:52 pm
209USD
+0.87%

The technical configuration is deteriorating

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David Meurisse
Contributor / Partner

Strategy published on : 08/09/2019 | 10:14

short sell
Live

Entry price : 205.18$
Target : 191.1$
Stop-loss : 213$
Potential : 6.86%

Technical indicators currently hint at a trend reversal to the downside. As a result of this situation, new short positions could be open on the share Goldman Sachs Group Inc.
Investors should open a short trade and target the $ 191.1.

Strengths

● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

● Historically, the company has been releasing figures that are above expectations.

● Its low valuation, with P/E ratio at 8.96 and 8.28 for the ongoing fiscal year and 2020 respectively, makes the stock pretty attractive with regard to earnings multiples.


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.

Zonebourse.com 2019
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