Goldman Sachs Group Inc.(GS) is in an downtrend

(23-May-2008) (23-May-2008) Goldman Sachs Group Inc.(GS) closed at 172.34, down -4.07 or -2.31 % today. Based on our analysis, Goldman Sachs Group Inc.(GS) is in an downtrend.

The closing price of Goldman Sachs Group Inc.(GS) is below its 50 day moving average of 180.55 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Goldman Sachs Group Inc.(GS) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 9-May-2008, about 17 trading days ago.