Goldman Sachs’ stock price (GS) tumbled in latest intraday trading, amid the dominance of the downward correctional trend in the short term, with negative pressure due to trading below the 50-day SMA, while a negative divergence forms in the Stochastic after reaching overbought levels compared to the price’s movements. 

 

Therefore we expect more losses for the price, targeting the support of $527.50, provided the resistance of $611.90 holds on.

 

Today’s price forecast: Bearish