Costco Technical Analysis (NASDAQ:COST)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The COST stock chart pattern can give those who understand technical analysis an indication of which way COST stock is headed, but cannot predict with 100% certainty as to what can happen to the Costco stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Costco. Technical analysis uses an approach for Costco stock analysis that does not care for the fair value of a company but uses price and volume data only.
Costco Moving Average
Moving averages show the COST stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $230.52 is above the price of $224.51.
Costco Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the COST stock. Costco bollinger bands show that the stock price is $224.51, upper band is 241.21, lower band is 219.83, and the average is 230.52.
Costco Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Costco MACD indicator can be used to identify bullish and bearish trends for the stock.
Costco Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of COST stock is 41.17.