Overall COST gets a technical rating of 0 out of 10. COST scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, COST does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 874.40, a Stop Loss order could be placed below this zone.
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865.66
When analyzing the support we notice one important area.
- A support zone ranging from 874.40 to 874.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 901.90 to 925.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 948.88 to 954.99. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 980.99 to 994.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for COST is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for COST is down. |
| ChartMill Relative Strength | 21.73 | NEGATIVE | COST has a low relative strength, it was outperformed by 78.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of COST is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of COST is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of COST is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.46 | NEUTRAL | The RSI value for COST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.98 | NEGATIVE | The MACD value suggests COST has a negative trend. |
| Stochastics (14,3) | 19.85 | OVERSOLD | The low Stochastics value suggests COST may be oversold. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for COST suggests low volalility. |
| Average Directional Index/ADX (14) | 15.34 | NEGATIVE | The low ADX value for COST suggests a weak or negative trend. |
874.41
-14.03 (-1.58%)
COSTCO WHOLESALE CORP / COST FAQ
What is the technical rating for COST stock?
ChartMill assigns a technical rating of 0 / 10 to COST.
Can you provide the trend direction for COSTCO WHOLESALE CORP?
The current trend direction for COSTCO WHOLESALE CORP (COST) is Bearish.
What is the RSI signal for COSTCO WHOLESALE CORP (COST) stock?
COSTCO WHOLESALE CORP (COST) has an RSI value of 34.4604. This indicates that the stock is currently neutral.
What is the MACD signal for COSTCO WHOLESALE CORP (COST) stock?
The MACD indicator for COSTCO WHOLESALE CORP (COST) has a value of -1.97842, indicating a bearish trend.
What are the support and resistance levels for COSTCO WHOLESALE CORP (COST) stock?
COSTCO WHOLESALE CORP (COST) has a support level at 874.4 and a resistance level at 901.9. Check the full technical report for our detailed analysis of COST support and resistance levels.