Goldman Sachs raised the question of whether U.S. equities are likely to rise higher in the coming weeks after rebounding to record highs.
Bobby Molavi, head of European Execution Services in Goldman Sachs Global Banking & Markets, featured in a recent discussion on the topic. Details are available through the provided links.
Highlights
- Goldman Sachs exhibits a strong bullish trend, trading decisively above major moving averages and recent resistance levels.
- Technical indicators signal overbought conditions, with persistent buyer dominance and positive momentum, though trend strength is neutral.
- Expected price range for the coming week is $907 to $935, with high probability of consolidation near current highs.
Bullish trend gains traction as price breaks above key moving averages
At $926.39, Goldman Sachs is trading well above the MA-20 ($864.95), MA-50 ($869.64), and MA-200 ($820.26), confirming a strong bullish structure for short-, medium-, and long-term trends. The Ichimoku Kijun level on D1 is at $854.79, which serves as immediate support; near-term support is found at MA-20 ($864.95), with key support around MA-50 ($869.64) and MA-200 ($820.26), while resistance emerges at today’s high and is supported by the price’s proximity to this week’s peak at $929.05.
Sustained buyer dominance as momentum accelerates and overbought signals flash
Momentum signals remain strongly positive, with MACD and RSI on D1 both pointing to continued buying strength, though ADX reads neutral, reflecting less forceful trend conviction. Oscillators Stoch RSI and CCI both signal the asset is overbought, a view reinforced by BBP D1, which shows persistent buyer dominance. The Awesome Oscillator on D1 complements the bullish momentum. In today’s session, the stock has surged 2.93%. For the week, Goldman Sachs is trading at $926.39, up from a previous weekly close of $906.88, marking a rise of 2.15%. The price sits at the very top of the weekly range, while weekly volatility stands at 7.36%. This reflects a decisive upward move from the weekly low to the current peak.
Breakout potential outweighs downside risk as signals favor price consolidation
For the coming week, the expected price range is $907.00 to $935.00, staying comfortably within 5% of the current price and well above the 52-week low ($494.68) but shy of the 52-week high ($983.39). The probability of a price increase is very high (more than 80%), given that all major W1 signals—RSI, ADX, MACD, and MA-50—flash “Buy” or “Strong Buy”. The alternative, a decline, remains much less likely. Baseline scenario: price consolidates in a tight corridor near current highs. Bullish scenario: a decisive move above $929 may open a test of the $935 region. Bearish scenario: a pullback below $865 would challenge the short-term support and could lead to a retest of $820 if broader sentiment turns.
Previously it was reported that Goldman Sachs has shifted its stance on Bitcoin moving from skepticism to actively developing crypto-related investment products as institutional interest in digital assets grows. In the context of the current market, investors should monitor how further strategic moves or regulatory developments from Goldman Sachs may influence broader adoption trends and the bank’s positioning within the evolving digital asset landscape.
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