The Greedy Trader Weekly Analysis
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Costco Co.
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overbought
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtPrice has crossed above the 50 Day Moving Average
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It was a second consecutive positive week for the Costco Co. (COST). During the week, the COST gained 7.58 points, or 3.29%, and closed at 237.74 on Friday, November 09, 2018. COST was trading at average weekly trading volume.

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 (36.56) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 September 11, 2018 at 245.16 and reached 217.00 on October 26, 2018. COST lost 28.16 points, or 11.49%, in 6 weeks. The price is now at the 73.65% retracement level.

Weekly Technical Indicators: [See COST weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since October 5, 2018. 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 October 26, 2018 at 217.00 and reached 240.88 on November 7, 2018. COST gained -23.88 points, or -11.00%, in 12 days. The price is now at the 13.15% retracement level.

Daily Technical Indicators: [See COST daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since October 30, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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) 60.60
Williams' Percentage Range (W%R) 12.20
Overbought
Lane's Stochastic (%D-Slow) 92.84
Strong Overbought
Greed/Fear Indicator (GFI) 80.41
Overbought
Moving Average Converg./Diverg. (MACD) 0.66
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.96
Williams' Percentage Range (W%R) 18.40
Overbought
Lane's Stochastic (%D-Slow) 39.76
Greed/Fear Indicator (GFI) 59.04
Moving Average Converg./Diverg. (MACD) 9.65
Trading Signals
Description Value Chart
Upper Bollinger Band 242.39
Daily Stochastic Crossing 239.60
Price 237.74
50 Day Moving Average 231.81
Parabolic System 231.19
20 Day Moving Average 229.59
Weekly Stochastic Crossing 227.48
Lower Bollinger Band 220.44
Sector and Industry
Description Name Rank
Sector Services 8
Industry Discount Variety Stores 134
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 217.00
Low Date 10/26/2018
High 240.88
High Date 11/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 245.16
High Date 09/11/2018
Low 217.00
Low Date 10/26/2018
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 Uptrend
Status
Resistance
Support
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 123.01
Support 36.56
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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