Down 13.6% in 4 Weeks, Here's Why Goldman (GS) Looks Ripe for a Turnaround

Goldman Sachs is now technically oversold, indicating exhaustion of recent heavy selling and a potential near-term trend reversal. Strong, broad upward revisions to analysts' earnings estimates reinforce the bullish technical signal. Together these factors increase the likelihood of a near-term rebound in the stock, potentially moving shares by a few percent.

Analysis

Goldman Sachs is now technically oversold, indicating exhaustion of recent heavy selling and a potential near-term trend reversal. Strong, broad upward revisions to analysts' earnings estimates reinforce the bullish technical signal. Together these factors increase the likelihood of a near-term rebound in the stock, potentially moving shares by a few percent.