COSTCO WHOLESALE CORP (COST) Technical Analysis
NASDAQ:COST • US22160K1051
Overall COST gets a technical rating of 7 out of 10. Although COST is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- In the last month COST has a been trading in the 960.46 - 1028.44 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- COST has an average volume of 2371660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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 63% of all stocks.
- COST is part of the Consumer Staples Distribution & Retail industry. There are 38 other stocks in this industry, COST did better than 48% of them.
- COST is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so COST is lagging the market slightly.
Besides having an excellent technical rating, COST also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1004.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 974.90, a Stop Loss order could be placed below this zone.
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841.49
3 important support areas can be observed.
- A support zone ranging from 956.76 to 974.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 869.16 to 877.31. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 849.99 to 854.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1004.48 to 1015.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1040.18 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The long term trend for COST is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for COST is neutral. |
| ChartMill Relative Strength | 63.87 | 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) | DOWN | MIXED | The current price of COST is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.56 | NEUTRAL | The RSI value for COST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.77 | NEGATIVE | The MACD value suggests COST has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.64 | NEUTRAL | The Stochastics value for COST is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for COST suggests some volalility. |
| Average Directional Index/ADX (14) | 20.8 | NEUTRAL | The ADX value for COST suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1,015.41 | 960.45 | 54.96 (5.41%) | 18.48% |
| An entry @1015.41. This is a Buy Stop order right above the resistance zone. | An exit @960.45. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 54.96 points, which is 5.41%. | When investing 18.48% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
COST Technicals: Chart, Performance Metrics, Trend & Indicators
998.1
+15.53 (+1.58%)
COSTCO WHOLESALE CORP / COST FAQ
What is the technical rating for COST stock?
ChartMill assigns a technical rating of 7 / 10 to COST.
What is the current trend direction of COSTCO WHOLESALE CORP (COST) stock?
The current trend direction for COSTCO WHOLESALE CORP (COST) is Bullish.
What is the RSI signal for COSTCO WHOLESALE CORP (COST) stock?
COSTCO WHOLESALE CORP (COST) has an RSI value of 54.5553. This indicates that the stock is currently neutral.
What is the MACD signal for COST stock?
The MACD indicator for COSTCO WHOLESALE CORP (COST) has a value of -2.77079, indicating a bearish trend.