Overall COST gets a technical rating of 7 out of 10. COST has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although COST has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
841.49
We found 2 important support areas.
We found 1 important resistance area.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for COST is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for COST is up. |
| ChartMill Relative Strength | 47.48 | NEUTRAL | COST is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of COST is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of COST is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of COST is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.58 | OVERBOUGHT | The high RSI value suggests COST may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 10.93 | POSITIVE | The MACD value suggests COST has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 97.61 | OVERBOUGHT | The high Stochastics value suggests COST may be overbought. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for COST suggests low volalility. |
| Average Directional Index/ADX (14) | 31.77 | POSITIVE | The high ADX value value for COST suggests a strong trend. |
963.61
+6.86 (+0.72%)
ChartMill assigns a technical rating of 7 / 10 to COST.
The current trend direction for COSTCO WHOLESALE CORP (COST) is Bearish.
COSTCO WHOLESALE CORP (COST) has an RSI value of 74.5751. This indicates that the stock is currently overbought.
The MACD indicator for COSTCO WHOLESALE CORP (COST) has a value of 10.9332, indicating a bullish trend.