COSTCO WHOLESALE - 1H - Technical analysis published on 07/25/2022 (GMT)
- 186
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 522.84 USD
My targets
537.11 USD (+1.40%)
565.98 USD (+6.85%)
My analysis
COSTCO WHOLESALE is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 522.84 USD. The next resistance located at 537.11 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 565.98 USD. After this resistance, buyers could then target 607.06 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COSTCO WHOLESALE price is 529.69 USD. The price is lower by -0.01% since the last closing and was between 529.20 USD and 532.29 USD. This implies that the price is at +0.09% from its lowest and at -0.49% from its highest.529.20
532.29
529.69
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this COSTCO WHOLESALE chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 475.81 | 487.24 | 522.84 | 529.69 | 537.11 | 565.98 | 607.06 |
| Change (%) | -10.17% | -8.01% | -1.29% | - | +1.40% | +6.85% | +14.61% |
| Change | -53.88 | -42.45 | -6.85 | - | +7.42 | +36.29 | +77.37 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 513.78 | 519.93 | 524.82 | 530.97 | 535.86 | 542.01 | 546.90 |
| Camarilla | 526.68 | 527.70 | 528.71 | 529.72 | 530.73 | 531.74 | 532.76 |
| Woodie | 513.16 | 519.62 | 524.20 | 530.66 | 535.24 | 541.70 | 546.28 |
| Fibonacci | 519.93 | 524.14 | 526.75 | 530.97 | 535.18 | 537.79 | 542.01 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 496.43 | 506.05 | 517.88 | 527.50 | 539.33 | 548.95 | 560.78 |
| Camarilla | 523.82 | 525.79 | 527.75 | 529.72 | 531.69 | 533.65 | 535.62 |
| Woodie | 497.55 | 506.60 | 519.00 | 528.05 | 540.45 | 549.50 | 561.90 |
| Fibonacci | 506.05 | 514.24 | 519.30 | 527.50 | 535.69 | 540.75 | 548.95 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.62 | |
| MACD (12,26,9): | 2.8700 | |
| Directional Movement: | 8.80 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 531.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 536.47 | |
| Elder Ray (13): | -0.31 | |
| Super Trend (3,10): | 524.43 | |
| Zig ZAG (10): | 529.72 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 42.38 | |
| TEMA (21): | 530.59 | |
| Williams %R (14): | -47.65 | |
| Chande Momentum Oscillator (20): | 6.22 | |
| Repulse (5,40,3): | 0.2100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 2.60 |
| MA7: | 522.11 | |
| MA20: | 499.18 | |
| MA50: | 477.00 | |
| MA100: | 515.60 | |
| MAexp7: | 529.34 | |
| MAexp20: | 527.17 | |
| MAexp50: | 520.09 | |
| MAexp100: | 509.42 | |
| Price / MA7: | +1.45% | |
| Price / MA20: | +6.11% | |
| Price / MA50: | +11.05% | |
| Price / MA100: | +2.73% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.48% | |
| Price / MAexp50: | +1.85% | |
| Price / MAexp100: | +3.98% |
Quotes :
-
15 min delayed data
-
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
Online
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…
Add a comment
Comments
0 comments on the analysis COSTCO WHOLESALE - 1H