The Greedy Trader Weekly Analysis
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Costco Co.
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Summary:
Weekly :Overbought sectorRelative Strength Index and Williams' Percentage Range are overboughtLane's Stochastic is strongly overboughtStochastic has declined below the signal lineBroken trend resistance lineBroken trend resistance line
Daily :Broken trend resistance lineThe price has risen above the Parabolic SAR
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It was the negative week for the Costco Co. (COST). During the week, the COST gave back -1.72 points, or -0.77%, and closed at 220.31 on Friday, August 10, 2018. It was the worst weekly loss since June 29, 2018. Weekly volume was -15% below 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 225.48 on August 7, 2018. COST gained -199.54 points, or -769.24%, in 949 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The uptrend resistance line (36.41) 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 225.48 on August 7, 2018. COST gained -194.78 points, or -634.46%, in 515 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (168.39) 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 Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range 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. 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 225.48 on August 7, 2018. COST gained -49.69 points, or -28.27%, in 179 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (207.44) 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 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 August 8, 2018. The distance between MACD and the signal line is low, but getting bigger.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.08
Williams' Percentage Range (W%R) 61.80
Lane's Stochastic (%D-Slow) 67.53
Greed/Fear Indicator (GFI) 52.94
Moving Average Converg./Diverg. (MACD) 3.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 84.45
Overbought
Williams' Percentage Range (W%R) 16.40
Overbought
Lane's Stochastic (%D-Slow) 90.25
Strong Overbought
Greed/Fear Indicator (GFI) 79.22
Moving Average Converg./Diverg. (MACD) 7.82
Trading Signals
Description Value Chart
Upper Bollinger Band 224.11
Weekly Stochastic Crossing 223.16
Daily Stochastic Crossing 221.75
Price 220.31
20 Day Moving Average 219.42
Parabolic System 216.40
Lower Bollinger Band 213.26
50 Day Moving Average 212.04
Weekly Trendline Support 207.44
Weekly Trendline Resistance 206.95
Quarterly Trendline Resistance 203.54
Sector and Industry
Description Name Rank
Sector Services 8
Industry Discount Variety Stores 129
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 180.83
Low Date 03/23/2018
High 225.48
High Date 08/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 206.95
Support 207.44
Low 175.79
Low Date 02/09/2018
High 225.48
High Date 08/07/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 150.00
Low Date 07/21/2017
High 225.48
High Date 08/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 203.54
Support 168.39
Low 30.70
Low Date 09/19/2008
High 225.48
High Date 08/07/2018
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Broken Resistance
Resistance 121.86
Support 36.41
Low 25.94
Low Date 05/24/2000
High 225.48
High Date 08/07/2018
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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