COSTCO WHOLESALE CORP (COST) Stock Technical Analysis
USA - NASDAQ:COST - US22160K1051 - Common Stock
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.
Although the technical rating is bad, COST does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 929.85, a Stop Loss order could be placed below this zone.
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881.71
When analyzing the support we can see 2 important areas.
- A support zone ranging from 910.93 to 929.85. 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 939.15 to 945.81. 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 | DOWN | NEGATIVE | The long term trend for COST is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for COST is neutral. |
| ChartMill Relative Strength | 44.69 | 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) | 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) | 47.34 | NEUTRAL | The RSI value for COST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.85 | POSITIVE | The MACD value suggests COST has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.45 | NEUTRAL | The Stochastics value for COST is a neutral value. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for COST suggests low volalility. |
| Average Directional Index/ADX (14) | 13.44 | NEGATIVE | The low ADX value for COST suggests a weak or negative trend. |
932.14
-9.91 (-1.05%)
COSTCO WHOLESALE CORP / COST FAQ
What is the technical rating for COST stock?
ChartMill assigns a technical rating of 2 / 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 47.342. 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 1.85043, indicating a bullish trend.
What are the support and resistance levels for COSTCO WHOLESALE CORP (COST) stock?
COSTCO WHOLESALE CORP (COST) has a support level at 929.85 and a resistance level at 939.15. Check the full technical report for our detailed analysis of COST support and resistance levels.