Overbought Readings Warn of GS Pullback at $1025.56
Bearish
Jun 1, 2026 at 1:49 AM
•
$1025.56
(+1.71%)
Goldman Sachs Group Inc (GS) closed up 1.71% at $1025.56 on June 1.
The technical setup looks bullish:
Moving Averages
Moving averages are stacked bullishly—9-day EMA ($991.23) supports, 21-day ($964.90) below.
Momentum
RSI at 72.5 is elevated in overbought zone, which often precedes pullbacks. MACD is bullish (26.47 vs signal 21.40).
Volatility
Price is extended above the upper Bollinger Band ($1025.21), suggesting possible mean reversion.
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.
Technical levels: $892.41 support, $1025.21 resistance.