The Greedy Trader Weekly Analysis
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Number of records: 10
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Costco Co.
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Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought areaBroken trend resistance lineBroken trend resistance line
Daily :The price is below the lower Bollinger BandPrice has crossed below the 50 Day Moving Average
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It was the negative week for the Costco Co. (COST). During the week, the COST dropped -16.06 points, or -6.84%, and closed at 218.82 on Friday, October 05, 2018. Weekly volume was 32% above average.

COST is a member of Services Sector. Services is the second most overbought 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 May 24, 2000 at 25.94 and reached 245.16 on September 11, 2018. COST gained -219.22 points, or -845.10%, in 954 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The uptrend resistance line (36.50) 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 uptrend had started on September 19, 2008 at 30.70 and reached 245.16 on September 11, 2018. COST gained -214.46 points, or -698.57%, in 520 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (170.53) 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 medium-term trend.

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

The weekly MACD line is above its signal line since May 11, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 February 9, 2018 at 175.79 and reached 245.16 on September 11, 2018. COST gained -69.37 points, or -39.46%, in 214 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 204.47 and resistance is at 251.73. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See COST daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since September 14, 2018. The distance between MACD and the signal line is relatively high and getting bigger.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish 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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.59
Williams' Percentage Range (W%R) 73.70
Lane's Stochastic (%D-Slow) 33.70
Greed/Fear Indicator (GFI) 28.55
Moving Average Converg./Diverg. (MACD) 1.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.37
Williams' Percentage Range (W%R) 40.20
Lane's Stochastic (%D-Slow) 72.95
Greed/Fear Indicator (GFI) 61.72
Moving Average Converg./Diverg. (MACD) 10.86
Trading Signals
Description Value Chart
Weekly Trendline Resistance 251.73
Upper Bollinger Band 242.99
Parabolic System 237.01
Weekly Stochastic Crossing 236.01
20 Day Moving Average 234.95
50 Day Moving Average 229.75
Daily Stochastic Crossing 223.39
Lower Bollinger Band 222.09
Price 218.82
Quarterly Trendline Resistance 205.68
Weekly Trendline Support 204.47
Sector and Industry
Description Name Rank
Sector Services 8
Industry Discount Variety Stores 92
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 245.16
High Date 09/11/2018
Low 217.79
Low Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 251.73
Support 204.47
Low 175.79
Low Date 02/09/2018
High 245.16
High Date 09/11/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 150.00
Low Date 07/21/2017
High 245.16
High Date 09/11/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 205.68
Support 170.53
Low 30.70
Low Date 09/19/2008
High 245.16
High Date 09/11/2018
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Broken Resistance
Resistance 122.56
Support 36.50
Low 25.94
Low Date 05/24/2000
High 245.16
High Date 09/11/2018
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.

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