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Advanced TA SearchArchive
- 4/19/2024 -
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Costco Co. (COST) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Costco Co. (COST). During the week, the COST dropped -21.80 points, or -2.98%, and closed at 709.51 on Friday, April 19, 2024. Weekly volume was -9% below average.
COST is a member of Hypermarkets & Super Centers Industry. Hypermarkets & Super Centers is the tenth most oversold industry. 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 May 20, 2022 at 406.51 and reached 787.08 on March 7, 2024. COST gained -380.57 points, or -93.62%, in 93 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (546.06) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See COST medium-term trend chart]
A medium-term downtrend had started on March 7, 2024 at 787.08 and reached 697.27 on April 3, 2024. COST lost 89.81 points, or 11.41%, in 3 weeks. The price is now at the 13.63% 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 March 28, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See COST short-term trend chart]
A short-term downtrend had started on April 15, 2024 at 741.00 and reached 702.00 on April 19, 2024. COST lost 39.00 points, or 5.26%, in 4 days. The price is now at the 19.26% 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 below its signal line. Such crossover is considered a bearish 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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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 crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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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