COSTCO WHOLESALE CORP (COST) Stock Technical Analysis
NASDAQ:COST - Nasdaq - US22160K1051 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to COST. COST has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month COST has a been trading in the 947.51 - 1005.84 range, which is quite wide. It is currently trading near the lows of this range.
COST has an average volume of 2096690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the performance of all stocks over the past year, COST turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
COST is part of the Consumer Staples Distribution & Retail industry. There are 40 other stocks in this industry, COST did better than 46% of them.
COST is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so COST is lagging the market.
COST has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
881.70
1,087.64
When analyzing the support we notice one important area.
- A support zone ranging from 890.61 to 916.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 951.00 to 999.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1071.86 to 1076.87. 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 | NEUTRAL | NEUTRAL | The long term trend for COST is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for COST is down. |
| ChartMill Relative Strength | 46.08 | NEUTRAL | COST is not amongst the best or worst performers 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) | UP | MIXED | The current price of COST is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.62 | NEUTRAL | The RSI value for COST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.92 | NEGATIVE | The MACD value suggests COST has a negative trend. |
| Stochastics (14,3) | 7.53 | OVERSOLD | The low Stochastics value suggests COST may be oversold. |
| Average True Range in percent/ATR (20) | 1.53 | LOW VOLATILITY | The low ATR as a percentage value for COST suggests low volalility. |
| Average Directional Index/ADX (14) | 17.83 | NEGATIVE | The low ADX value for COST suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
950.95
-2.96 (-0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg-0.31%
1 Week-2%
2 Weeks-3.65%
1 Month-2.46%
3 Month-4.38%
6 Month0.82%
12 Month13.46%
2 Year69.61%
3 Year75.68%
5 Year192.12%
10 Year554.47%
15 Year1576.86%
Volatility
ATR(14)13.87
ATR(20)%1.53%
ATR Inc-37.64%
Range Today10.61
ADR(20)14.42
ADR(20)%1.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.08
Mansfield-0.74
10 Day High995.87
10 Day Low947.51
20 Day High1005.84
20 Day Low947.51
52 Week High1078.23
52 Week Low793
CS1 End916.58
CR1 Start951
Volume & EV
DER(3)-0.31%
DER(5)0.21%
Volume2.12M
Volume Incr6.15%
Vol(5)2.18M
Vol(50)2.10M