The Goldman Sachs Group, Inc. : The technical configuration is deteriorating
Entry price | Target | Stop-loss | Potential |
---|
$205.18 |
$191.1 |
$213 |
+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.
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.
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