The Greedy Trader Weekly Analysis
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Costco Co.
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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance line
Daily :A Parabolic SAR indicator is below and near the priceThe price touches the upper Bollinger BandThe Bollinger Bands are historically close together
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It was a first positive week for the Costco Co. (COST). During the week, the COST climbed 0.57 points, or 0.29%, and closed at 195.76 on Friday, May 11, 2018. Weekly volume was -39% below average.

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 (36.26) 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 164.94 and resistance is at 200.10. 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 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 March 2, 2018. The distance between MACD and the signal line is low and getting smaller. 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 199.04 on April 30, 2018. COST gained -23.25 points, or -13.23%, in 80 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 186.74 and resistance is at 199.78. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising 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 May 2, 2018. The distance between MACD and the signal line is low, but getting bigger.

A Parabolic SAR (stop and reversal) indicator (196.31) comes close to the price (195.76). It indicates that the trend is getting weaker. 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.

The price touches the upper Bollinger Band. The distance between the Bollinger Bands (2.74%) is close to one year low (3.96%). It is 70.40% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.76
Williams' Percentage Range (W%R) 41.90
Lane's Stochastic (%D-Slow) 57.51
Greed/Fear Indicator (GFI) 57.46
Moving Average Converg./Diverg. (MACD) 1.87
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.08
Williams' Percentage Range (W%R) 18.90
Overbought
Lane's Stochastic (%D-Slow) 75.27
Greed/Fear Indicator (GFI) 70.02
Moving Average Converg./Diverg. (MACD) 5.05
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 200.10
Weekly Trendline Resistance 199.78
Parabolic System 196.31
Upper Bollinger Band 196.29
Price 195.76
Weekly Stochastic Crossing 195.59
20 Day Moving Average 194.90
Daily Stochastic Crossing 194.48
Lower Bollinger Band 190.93
50 Day Moving Average 189.59
Weekly Trendline Support 186.74
Quarterly Trendline Support 164.94
Sector and Industry
Description Name Rank
Sector Services 6
Industry Discount Variety Stores 77
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 180.83
Low Date 03/23/2018
High 199.04
High Date 04/30/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 199.78
Support 186.74
Low 175.79
Low Date 02/09/2018
High 199.04
High Date 04/30/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 200.10
Support 164.94
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 120.72
Support 36.26
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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