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Advanced TA SearchArchive
- 4/26/2024 -
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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 19.67 points, or 2.77%, and closed at 729.18 on Friday, April 26, 2024. It was the best weekly gain since February 2, 2024. Weekly volume was -27% below average.
COST is a member of Hypermarkets & Super Centers Industry. Hypermarkets & Super Centers is the ninth 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 (547.47) 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 35.53% 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 uptrend had started on April 3, 2024 at 697.27 and reached 741.00 on April 15, 2024. COST gained -43.73 points, or -6.27%, in 12 days. The price is now at the 27.03% 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 moved above 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.
Price is close to the 50 Day Moving Average. 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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