Goldman Sachs Group, Inc (GS) stock dipped slightly in its recent intraday trading, as it attempts to build positive momentum that may help it challenge the current resistance level at $735.90, driven by bullish signals from the Stochastic after reaching extremely oversold territory, and supported by dynamic backing from trading above the 50-day simple moving average, all while remaining under the control of a dominant upward trend and trading along a short-term ascending trendline that supports this direction.
Therefore, we expect the stock to rise in upcoming trading sessions, especially if it breaks above the aforementioned resistance at $735.90, targeting its next resistance at $816.00.
Todays price forecast: Bullish.