The Greedy Trader Weekly Analysis
Sign In Feb 16, 2018
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Costco Co.
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Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought areaBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldPrice has crossed below the 50 Day Moving AverageBullish Harami Candlestick
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It was the negative week for the Costco Co. (COST). During the week, the COST dropped -10.27 points, or -5.38%, and closed at 180.72 on Friday, February 09, 2018. COST was trading at average weekly trading volume.

COST is a member of Services Sector. Services is the 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 199.88 on January 29, 2018. COST gained -173.94 points, or -670.55%, in 922 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The uptrend resistance line (36.11) 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 199.88 on January 29, 2018. COST gained -169.18 points, or -551.07%, in 488 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 161.50 and resistance is at 196.65. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern 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 September 22, 2017. 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 downtrend had started on January 29, 2018 at 199.88 and reached 175.79 on February 9, 2018. COST lost 24.09 points, or 12.05%, in 11 days. The price is now at the 20.46% retracement level.

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

The daily MACD line is below its signal line since January 31, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support 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.

Candlestick pattern: [See COST candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.51
Williams' Percentage Range (W%R) 83.40
Oversold
Lane's Stochastic (%D-Slow) 19.94
Oversold
Greed/Fear Indicator (GFI) 22.01
Moving Average Converg./Diverg. (MACD) 0.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.05
Williams' Percentage Range (W%R) 43.90
Lane's Stochastic (%D-Slow) 72.84
Greed/Fear Indicator (GFI) 61.12
Moving Average Converg./Diverg. (MACD) 6.16
Trading Signals
Description Value Chart
Monthly Trendline Resistance 204.66
Upper Bollinger Band 200.33
Quarterly Trendline Resistance 196.65
Weekly Stochastic Crossing 193.19
20 Day Moving Average 191.21
50 Day Moving Average 188.95
Parabolic System 188.66
Daily Stochastic Crossing 181.37
Price 180.72
Lower Bollinger Band 176.86
Quarterly Trendline Support 161.50
Monthly Trendline Support 160.08
Sector and Industry
Description Name Rank
Sector Services 9
Industry Discount Variety Stores 147
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 199.88
High Date 01/29/2018
Low 175.79
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 199.88
High Date 01/29/2018
Low 175.79
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 204.66
Support 160.08
Low 150.00
Low Date 07/21/2017
High 199.88
High Date 01/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 196.65
Support 161.50
Low 30.70
Low Date 09/19/2008
High 199.88
High Date 01/29/2018
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Broken Resistance
Resistance 119.58
Support 36.11
Low 25.94
Low Date 05/24/2000
High 199.88
High Date 01/29/2018
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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