Goldman Sachs stock weekly forecast: resistance at $912.09 caps recovery attempts

Traders Union
All News
Stocks
Goldman sachs slips 1.13% this week

Highlights

Shares of Goldman Sachs fell 1.13% over the past 7 days, trading at $883.76 and remaining below key moving averages.
Technical indicators issue sustained sell signals with elevated volatility and a firm short-term downtrend.
The coming week projects a range of $799.27 to $899.27, with a break below $877.39 likely leading to deeper losses.

Record revenues and surging equities trading buoy long-term sentiment

Goldman reported its second-highest ever quarterly revenue at $18.68 billion for Q3 2026, with earnings per share of $17.01, beating analyst expectations, according to CNBC and Yahoo Finance. The company’s equities trading revenue surged 72% year over year to $6.44 billion, while advisory fees hit a record as M&A activity rebounded (sources: Benzinga, 24/7 Wall St.). A $5.00 dividend was declared and $4.49 billion was returned to shareholders through buybacks and dividends during the quarter (sources: Alphastreet, Yahoo Finance).

Bearish momentum persists as MACD and RSI warn of further downside

The daily chart shows a trending environment with a sustained move lower and a firm trend, as MACD issues a strong sell signal and RSI sits at 34.5, approaching the oversold zone. Volatility remains elevated over the week at 3.95%. The nearest support is at $877.39, with resistance at $912.09 and the Ichimoku Kijun at $954.32 acting as an additional resistance. This setup points to ongoing bearish momentum, with pressure concentrated near support.

Downside favored in the coming week unless support gives way

For the coming trading week, the expected range is $799.27 to $899.27. There is a very low probability (less than 20%) of an increase and a very high probability (more than 80%) of a decrease. The base case is for the stock to remain pressured inside the range, with further downside likely if support at $877.39 fails. A bullish scenario would require a move above $912.09 to open up room for recovery, while a break below $877.39 would clear the way for deeper losses toward the lower boundary of the projected range.

Jainam Mehta, market strategist, notes that despite Goldman Sachs stock delivering robust Q3 results—with $18.68 billion in revenue and a major jump in equities trading—shares remained under sustained pressure this week, closing near $884. He points out that technical signals remain decisively bearish: the daily MACD shows a strong sell and RSI, now at 34.5, is skirting oversold territory. Elevated volatility and a failure to hold above support at $877.39 keep risks pointed to the downside for the week ahead, with any upside potential contingent on a close above $912.09. "Base case is for further weakness unless $877.39 proves durable—if that level breaks, I’m watching for a fast move toward $799.27 before any signs of stabilization."

Earlier, analysts noted that Goldman Sachs was expanding its presence across Asia to tap into opportunities from rising AI infrastructure investment and increased capital markets activity in the region. The current price action highlights downside risk as shares approach key support levels, making the $877.39 mark critical to monitor for potential trend continuation or reversal in the coming sessions.

Source of Data: GS Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.