COST Weekly Technical Analysis
Costco Wholesale Corp
Membership-based retailer offering bulk goods with strong customer loyalty.
COST Technical Analysis Summary
Costco is exhibiting short-term weakness following a sharp rejection from all-time highs, evidenced by a significant bearish engulfing-style weekly candle and a close below the 50-week SMA. While the long-term uptrend remains intact with price significantly above the 200-week SMA, momentum indicators like the MACD and RSI are softening, suggesting a period of consolidation or pullback toward the 20-week SMA support level at 916.
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COST Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Significant weekly drop of -4.37% rejecting from all-time highs; price has closed below the 50-week SMA (952.23) while MACD lines trend downward toward a potential crossover.
Long-term Sentiment (weeks to months): Bullish
Price structure maintains a strong series of higher highs and higher lows on the macro scale and remains well above the rising 200-week SMA (724.25).
Report Metadata
- Timeframe: weekly
- Generated at: 2026-01-31T23:32:05.747Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $916.27 | $916.27 - $916.27 | Strong | 20-week SMA (Bollinger Band Basis) |
| $863.49 | $851.98 - $875.00 | Strong | Lower Bollinger Band and recent swing lows |
| $737.13 | $724.25 - $750.00 | Strong | 200-week SMA and major long-term structural support |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $952.23 | $952.23 - $952.23 | Weak | 50-week SMA, recently breached to the downside |
| $986.78 | $980.56 - $993.00 | Strong | Upper Bollinger Band and recent All-Time High |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Consolidation Range | Neutral | N/A | Price has been oscillating in a broad range roughly between 850 and 990 for several months, indicating a pause in the primary uptrend. |
| Weak | Potential Double Top | Bearish | $710.00 | Recent rejection near 993 matches highs from earlier in the year, forming a potential reversal structure if support at 850 fails. |
Frequently Asked Questions about COST
What is the current sentiment for COST?
The short-term sentiment for COST is currently Bearish because Significant weekly drop of -4.37% rejecting from all-time highs; price has closed below the 50-week SMA (952.23) while MACD lines trend downward toward a potential crossover.. 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 $916.27 and $863.49. 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 57/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.