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Costco Wholesale Corporation(COST:NSD)

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Last Candle Pattern: Doji on 20/10/2021
Data as of end of day (EOD): Wednesday, October 20, 2021
$469.77

+2.69


BI RATING:

Neutral

% Change 0.58%
Volume 1,332,021
Open 468.52
Day High 472.50
Day Low 467.84
Previous Close 467.08

Daily Commentary

The stock price direction for the day for COST is UP. The stock is experiencing a strong uptrend as of late, with an increase of more than 5 percent in the last five days. Based on BullishInvestor.com’s proprietary algorithms, COST is currently signalling NEUTRAL.

The most recent Candle Stick pattern for COST is the Three Outside Up/Down.

There are two possible reasons for the Hold rating currently given to COST. The first reason is that there may be indecision among the technical indicators or most of them may be neutral for COST. If the stock chart looks flat lined or is in the midst of a trend direction change, most likely this is why COST is showing Neutral. If, however the stock is currently in a visible up or down trend, the reason for the Hold may be because the BULLISH or BEARISH rating has already passed.

The last BUY was registered on Oct 15, 2021 when COST was trading at $ 452.39. Armed with this knowledge, there may still be some more strength left in this current trend or it may be near a tipping point, the market has not given a clear indication yet.

As such, it may be a wise decision to hold your stock or continue to wait on the sidelines in COST until BullishInvestor.com changes the rating for COST.

Technical Indicators

  
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[+] Bollinger Bands
[+] Exponential Moving Average
[+] Parabolic SAR
[+] Money Flow Index
[+] MACD
[+] Relative Strength Index
[+] Stochastics
[+] Williams %R

Did you know that BullishInvestor.com has an advanced view for COST which let’s experienced technical traders analyze the stock chart of COST and input specific technical indicators, moving averages, price bands and much more. To view and plot your custom technical stock chart, select the “advanced view” option for COST located near the top right hand corner of this page or simply click the button below.



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