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Hypermarkets & Super Centers Industry Stocks Technical Analysis - COSTArchive
- 11/8/2024 -
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Costco Co. (COST) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Costco Co. (COST). During the week, the COST gained 68.00 points, or 7.76%, and closed at 944.60 on Friday, November 8, 2024. COST was trading at average weekly trading volume.
COST is a member of Consumer Staples Sector. Consumer Staples is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See COST long-term trend chart]
A long-term uptrend had started on January 3, 2023 at 447.90 and reached 962.00 on November 8, 2024. COST gained -514.10 points, or -114.78%, in 96 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 874.39 and resistance is at 964.00. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See COST medium-term trend chart]
A medium-term uptrend had started on October 2, 2024 at 867.16 and reached 962.00 on November 8, 2024. COST gained -94.84 points, or -10.94%, in 5 weeks. The price is now at the 18.35% retracement level.
 Weekly Technical Indicators: [See COST weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since September 20, 2024. Use the following link to access a MACD help.
Short-term trend: [See COST short-term trend chart]
A short-term uptrend had started on November 1, 2024 at 867.30 and reached 962.00 on November 8, 2024. COST gained -94.70 points, or -10.92%, in 7 days. The price is now at the 18.37% retracement level.
Daily Technical Indicators: [See COST daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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