COST Weekly Technical Analysis
Costco Wholesale Corp
Membership-based retailer offering bulk goods with strong customer loyalty.
COST Technical Analysis Summary
COST is experiencing a medium-term corrective phase after establishing a prominent double top around the 1,070–1,080 range. The weekly price action is under short-term pressure having fallen below both the 20-week and 50-week SMAs, with initial support situated near the lower Bollinger Band around 895. However, the overarching macro structure remains solidly bullish for long-term investors as long as price holds above the major structural shelf near 840 and the rising 200-week SMA near 797.
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COST Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has decisively lost both the 20-week and 50-week moving averages with successive red weekly candles, accompanied by RSI falling to 40.76.
Long-term Sentiment (weeks to months): Bullish
The multi-year uptrend remains intact with the upward-sloping 200-week SMA at 797.42 providing a solid structural floor well below current price levels.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-09-04T21:01:22.259Z
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $890.00 | $880.00 - $900.00 | Strong | Confluence of the lower Bollinger Band near 895.30 and a prior consolidation base. |
| $850.00 | $840.00 - $860.00 | Strong | Major swing low from late 2025 that serves as key range support. |
| $800.00 | $790.00 - $810.00 | Strong | Confluence with the rising 200-week moving average. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $960.00 | $950.00 - $970.00 | Strong | Confluence of the 50-week SMA at 954.06 and the 20-week SMA at 966.85. |
| $1,060.00 | $1,040.00 - $1,080.00 | Strong | Major double-top peak and all-time high resistance zone. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Double Top | Bearish | $845.00 | Two distinct weekly peaks near 1070-1080 formed with an intervening trough around 845, signaling potential distribution and medium-term downside risk if the lower range boundary breaks. |
Frequently Asked Questions about COST
What is the current sentiment for COST?
The short-term sentiment for COST is currently Bearish because Price has decisively lost both the 20-week and 50-week moving averages with successive red weekly candles, accompanied by RSI falling to 40.76.. The long-term trend is classified as Bullish.
What are the key support levels for COST?
StockDips.AI has identified key support levels for COST at $890.00 and $850.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is COST in a significant dip or a Value Dip right now?
COST has a Value Score of 98/100. It is currently flagged as a significant dip in the Top Dips list. It is also listed as a Value Dip because long-term sentiment is bullish.
View the full interactive analysis on StockDips.AI.