COSTCO WHOLESALE - 1H - Technical analysis published on 07/14/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above 491.16 USD
My targets
505.55 USD (+1.52%)
522.84 USD (+4.99%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on COSTCO WHOLESALE as long as the price remains well above 491.16 USD. The buyers' bullish objective is set at 505.55 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 522.84 USD. If there is any crossing, the next objective would be the resistance located at 565.98 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COSTCO WHOLESALE rating is 498.00 USD. The price registered an increase of +1.17% on the session with the lowest point at 493.62 USD and the highest point at 498.99 USD. The deviation from the price is +0.89% for the low point and -0.20% for the high point.493.62
498.99
498.00
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of COSTCO WHOLESALE indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 9 are bullish, 5 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 475.81 | 484.13 | 491.16 | 498.00 | 505.55 | 522.84 | 565.98 |
Change (%) | -4.46% | -2.79% | -1.37% | - | +1.52% | +4.99% | +13.65% |
Change | -22.19 | -13.87 | -6.84 | - | +7.55 | +24.84 | +67.98 |
Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 471.42 | 477.62 | 484.92 | 491.12 | 498.42 | 504.62 | 511.92 |
Camarilla | 488.51 | 489.75 | 490.98 | 492.22 | 493.46 | 494.70 | 495.93 |
Woodie | 471.97 | 477.90 | 485.47 | 491.40 | 498.97 | 504.90 | 512.47 |
Fibonacci | 477.62 | 482.78 | 485.96 | 491.12 | 496.28 | 499.46 | 504.62 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 457.77 | 468.11 | 484.83 | 495.17 | 511.89 | 522.23 | 538.95 |
Camarilla | 494.10 | 496.58 | 499.06 | 501.54 | 504.02 | 506.50 | 508.98 |
Woodie | 460.95 | 469.71 | 488.01 | 496.77 | 515.07 | 523.83 | 542.13 |
Fibonacci | 468.11 | 478.45 | 484.84 | 495.17 | 505.51 | 511.90 | 522.23 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 403.35 | 423.27 | 451.28 | 471.20 | 499.21 | 519.13 | 547.14 |
Camarilla | 466.10 | 470.49 | 474.89 | 479.28 | 483.67 | 488.07 | 492.46 |
Woodie | 407.39 | 425.29 | 455.32 | 473.22 | 503.25 | 521.15 | 551.18 |
Fibonacci | 423.27 | 441.58 | 452.89 | 471.20 | 489.51 | 500.82 | 519.13 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 49.86 | |
MACD (12,26,9): | -0.3600 | |
Directional Movement: | -3.20 | |
AROON (14): | -42.86 | |
DEMA (21): | 494.87 | |
Parabolic SAR (0,02-0,02-0,2): | 485.72 | |
Elder Ray (13): | 0.01 | |
Super Trend (3,10): | 499.77 | |
Zig ZAG (10): | 494.80 | |
VORTEX (21): | 0.9700 | |
Stochastique (14,3,5): | 64.20 | |
TEMA (21): | 493.13 | |
Williams %R (14): | -25.36 | |
Chande Momentum Oscillator (20): | -2.11 | |
Repulse (5,40,3): | -0.1000 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0100 | |
Courbe Coppock: | 2.00 |
MA7: | 495.40 | |
MA20: | 478.96 | |
MA50: | 475.67 | |
MA100: | 514.47 | |
MAexp7: | 494.93 | |
MAexp20: | 495.00 | |
MAexp50: | 492.65 | |
MAexp100: | 485.90 | |
Price / MA7: | +0.52% | |
Price / MA20: | +3.98% | |
Price / MA50: | +4.69% | |
Price / MA100: | -3.20% | |
Price / MAexp7: | +0.62% | |
Price / MAexp20: | +0.61% | |
Price / MAexp50: | +1.09% | |
Price / MAexp100: | +2.49% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on COSTCO WHOLESALE. At the time of publication of this analysis, the latest news was as follows:
- Costco Wholesale Corporation Announces Quarterly Cash Dividend
- Costco Wholesale Corporation Reports June Sales Results
- Costco Wholesale Corporation Acquires Minority Interest in Costco-Taiwan
- Costco Wholesale Corporation Reports May Sales Results
- Costco Wholesale Corporation Reports Third Quarter and Year-to-Date Operating Results for Fiscal 2022
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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