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Learn to Evaluate Costco Wholesale (COST) using the Charts

January 05, 2023, 12:45 pm ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for COST

Buy COST slightly over 448.74 target 500.16 stop loss @ 447.44 Details

The technical summary data tells us to buy COST near 448.74 with an upside target of 500.16. This data also tells us to set a stop loss @ 447.44 to protect against excessive loss in case the stock begins to move against the trade. 448.74 is the first level of support below 451.51 , and by rule, any test of support is a buy signal. In this case, support 448.74 would be being tested, so a buy signal would exist.

Short COST slightly under 500.16, target 448.74, stop loss @ 501.6 Details

The technical summary data is suggesting a short of COST as it gets near 500.16 with a downside target of 448.74. We should have a stop loss in place at 501.6though. 500.16 is the first level of resistance above 451.51, and by rule, any test of resistance is a short signal. In this case, if resistance 500.16 is being tested, so a short signal would exist.

Swing Trading Plans for COST

Buy COST slightly over 457.87, target 500.16, Stop Loss @ 456.55 Details

If 457.87 begins to break higher, the technical summary data tells us to buy COST just slightly over 457.87, with an upside target of 500.16. The data also tells us to set a stop loss @ 456.55 in case the stock turns against the trade. 457.87 is the first level of resistance above 451.51, and by rule, any break above resistance is a buy signal. In this case, 457.87, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

Short COST slightly near 457.87, target 448.74, Stop Loss @ 459.19. Details

The technical summary data is suggesting a short of COST if it tests 457.87 with a downside target of 448.74. We should have a stop loss in place at 459.19 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 457.87, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for COST

Buy COST slightly over 456.07, target 457.87, Stop Loss @ 455.01 Details

If 456.07 begins to break higher, the technical summary data tells us to buy COST just slightly over 456.07, with an upside target of 457.87. The data also tells us to set a stop loss @ 455.01 in case the stock turns against the trade. 456.07 is the first level of resistance above 451.51, and by rule, any break above resistance is a buy signal. In this case, 456.07, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

Short COST slightly near 456.07, target 450.89, Stop Loss @ 457.13. Details

The technical summary data is suggesting a short of COST if it tests 456.07 with a downside target of 450.89. We should have a stop loss in place at 457.13 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 456.07, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Costco Wholesale (COST) available here: COST.

COST Ratings for January 05:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	448.74
P2	450.89	445.36	500.16
P3	456.07	457.87	548.63

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AI Generated Signals for COST

COST Long Term Analysis for January 5 2023

Blue = Current Price
Red= Resistance
Green = Support

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Costco Wholesale (NASDAQ: COST) report below can help you understand how to do this. The trading plans for COST, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.

Fundamental Charts for COST: