The Greedy Trader Weekly Analysis
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- 12/13/2024 -
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Costco Co. (COST) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtTrend resistance at 987.21
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal line
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It was the negative week for the Costco Co. (COST). During the week, the COST gave back -3.21 points, or -0.32%, and closed at 989.40 on Friday, December 13, 2024. COST was trading at average weekly trading volume.

Long-term trend: [See COST long-term trend chart]
A long-term uptrend had started on January 3, 2023 at 447.90 and reached 1007.80 on December 11, 2024. COST gained -559.90 points, or -125.01%, in 101 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (987.21). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line 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 1007.80 on December 11, 2024. COST gained -140.64 points, or -16.22%, in 10 weeks. The price is now at the 13.08% retracement level.

Weekly Technical Indicators: [See COST weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 22, 2024. This is an indication that the medium-term trend is up. 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 1007.80 on December 11, 2024. COST gained -140.50 points, or -16.20%, in 40 days. The chart has formed a Rising Wedge chart pattern.

Daily Technical Indicators: [See COST daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.97
Williams' Percentage Range (W%R) 26.20
Lane's Stochastic (%D-Slow) 66.40
Greed/Fear Indicator (GFI) 68.05
Moving Average Converg./Diverg. (MACD) 20.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.49
Williams' Percentage Range (W%R) 12.50
Overbought
Lane's Stochastic (%D-Slow) 82.36
Overbought
Greed/Fear Indicator (GFI) 76.44
Moving Average Converg./Diverg. (MACD) 40.00
Trading Signals
Description Value Chart
Upper Bollinger Band 1019.08
Parabolic System 1008.81
Daily Stochastic Crossing 992.77
Price 989.40
Weekly Stochastic Crossing 987.38
Monthly Trendline Resistance 987.21
20 Day Moving Average 967.08
50 Day Moving Average 925.12
Lower Bollinger Band 915.89
Monthly Trendline Support 897.59
Sector and Industry
Description Name Rank
Sector Consumer Staples 4
Industry Hypermarkets & Super Centers 116
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 867.30
Low Date 11/01/2024
High 1007.80
High Date 12/11/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 867.16
Low Date 10/02/2024
High 1007.80
High Date 12/11/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 987.21
Support 897.59
Low 447.90
Low Date 01/03/2023
High 1007.80
High Date 12/11/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 406.51
Low Date 05/20/2022
High 1007.80
High Date 12/11/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.94
Low Date 05/24/2000
High 1007.80
High Date 12/11/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.