COSTCO WHOLESALE CORP (COST) Stock Technical Analysis
USA - NASDAQ:COST - US22160K1051 - Common Stock
936.33 USD
+10.71 (+1.16%)
936 USD
-0.33 (-0.04%)
Taking everything into account, COST scores 2 out of 10 in our technical rating. 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 903.29 - 964.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
COST has an average volume of 2377280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
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 49% of all stocks.
COST is part of the Consumer Staples Distribution & Retail industry. There are 39 other stocks in this industry, COST did better than 50% 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.
Although the technical rating is bad, COST does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 931.25, a Stop Loss order could be placed below this zone.
More info and screens
881.71
1,087.63
When analyzing the support we can see 2 important areas.
- A support zone ranging from 910.93 to 931.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @890.62 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 946.93 to 950.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 994.50 to 1004.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1056.86 to 1076.86. 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 | NEUTRAL | NEUTRAL | The short term trend for COST is neutral. |
| ChartMill Relative Strength | 49.29 | NEUTRAL | COST is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of COST is above 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) | 49.57 | NEUTRAL | The RSI value for COST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.87 | POSITIVE | The MACD value suggests COST has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.64 | NEUTRAL | The Stochastics value for COST is a neutral value. |
| Average True Range in percent/ATR (20) | 1.71 | LOW VOLATILITY | The low ATR as a percentage value for COST suggests low volalility. |
| Average Directional Index/ADX (14) | 15.22 | 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)
936.33
+10.71 (+1.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg1.16%
1 Week0.68%
2 Weeks2.29%
1 Month-1.56%
3 Month-1.54%
6 Month-5.85%
12 Month5.26%
2 Year69.49%
3 Year86.71%
5 Year161.82%
10 Year492.16%
15 Year1391.68%
Volatility
ATR(14)15.47
ATR(20)%1.71%
ATR Inc59.7%
Range Today10.67
ADR(20)14.3
ADR(20)%1.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.29
Mansfield-1.24
10 Day High964
10 Day Low903.88
20 Day High964
20 Day Low903.29
52 Week High1078.23
52 Week Low867.34
CS1 End931.25
CR1 Start946.93
Volume & EV
DER(3)0.56%
DER(5)1.17%
Volume2.50M
Volume Incr-20.27%
Vol(5)2.27M
Vol(50)2.38M