COST stock: buy or sell

COST stock price: $374.09 0.63% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

2

COST stock brief

  • Costco Wholesale stock just moved 0.63% to close at $374.09 on the stock market on Wednesday.

Should I buy Costco Wholesale stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $COST stock a buy?

In the current situation of Costco Wholesale there is just one buy setup eligible:

ATH buy setup

All-time Highs is always an excellent buy point for those who like to buy high and sell higher. The good point of buying at ATHs is that price doesn't have upper resistances, and usually it rises fast. However, there's the risk of a bulls trap that may trigger your buy order and then falls sharply. That's why a stop loss is always important. Costco Wholesale can break to all-time highs any time soon, as it only needs to rise a 3.53%. The buy point is at $387.31 if you want to trade with this strategy. The stop loss would be set at $348.58

Buy setupBuy pointStop lossRisk
ATH buy setup$387.31$348.5810.00%

Should I sell Costco Wholesale stock?

When is it time to sell Costco Wholesale?. Trading strategies allow us to avoid impetuous decisions based on our personal sentiments or the buzz surrounding the market. We like very simple setups to guide us on when is the best moment to sell our shares. Be aware that these setups should not be used for shorting Costco Wholesale stock

As a golden rule, you must never hold an operation that generates greater losses than those expected by the time of the buy. The moment to sell shares always has to be dictated by the stop-loss (automatic or manual)

Is it time to sell Costco Wholesale stock?

In the current situation of Costco Wholesale there is not any eligible sell setup, so Costco Wholesale stock holders with operations in green can keep their positions

Costco Wholesale ratings

In the last month, 11 ratings were published for Costco Wholesale. General sentiment is bullish, with 10 out of 11 publishing positive forecasts

Costco Wholesale analysts' ratings - Last month
Brokerage firmRating
Mar 24th, 2021
Oppenheimer Buy
Apr 8th, 2021
Deutsche Bank Aktiengesellschaft Strong buy
Oppenheimer
Stifel Nicolaus Strong buy
The Goldman Sachs Group Strong buy
Wells Fargo & Company BuyBuy
Apr 14th, 2021
Deutsche Bank Aktiengesellschaft Strong buy
Oppenheimer Buy
Stifel Nicolaus Strong buy
The Goldman Sachs Group Strong buy
Wells Fargo & Company Buy

Costco Wholesale stock analysis

Since the price bottomed at $307.00 in early March, the stock gained by 21.85%.

SMAs overview

COST stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $378.81 (1.26% above)
  • R2: $380.80 (1.79% above)
  • R3: $387.31 (3.53% above)
  • The current support levels are:

  • S1: $373.59 (-0.13% below)
  • S2: $361.67 (-3.32% below)
  • S3: $358.79 (-4.09% below)
  • Bollinger bands

    The price is moving near to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a sell point, as price can move in these levels for many days and weeks

    COST stock Bollinger Bands chart

    Relative strength index

    Broke through the overbought line Wednesday, with a reading of 71.97. Breaking out above the level of 70 is not a sell signal, as stocks can be in the overbought zone for many weeks and may continue to climb

    COST stock RSI chart

    Costco Wholesale stock price history

    Costco Wholesale started trading priced at an adjusted price1 of $7.53 on Jul 1986. Since then, COST stock surged by 4,867.99%, with an average of 143.18% per year. An investment of $1,000USD on the IPO would have a value of $49,679.95 today.

    1: Adjusted price after possible price splits or reverse-splits

    COST stock price history chart

    Price target for Costco Wholesale stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis forecasting how a particular stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions release their price target based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new financial data by the company, and many times. If you are a small trader you should not invest based on these forecasts.

    There are 11 price forecasts published for Costco Wholesale that average $388.18. Costco Wholesale closed at $374.09 on Wednesday, so the target price is predicting an increase by 3.77%.

    Costco Wholesale stock price predictions
    Brokerage firmPrice target
    Mar 24th, 2021
    Oppenheimer $350.00$370.00
    Apr 8th, 2021
    Deutsche Bank Aktiengesellschaft $344.00$350.00
    Oppenheimer $370.00$400.00
    Stifel Nicolaus $370.00$385.00
    The Goldman Sachs Group $377.00$415.00
    Wells Fargo & Company $370.00$400.00
    Apr 14th, 2021
    Deutsche Bank Aktiengesellschaft $344.00$350.00
    Oppenheimer $370.00$400.00
    Stifel Nicolaus $370.00$385.00
    The Goldman Sachs Group $377.00$415.00
    Wells Fargo & Company $370.00$400.00

    Earnings and financials

    In early March, Costco Wholesale Corporation ($COST) reported adjusted EPS for that worsened Wall St. expectations. Quarterly EPS was $2.14 per share compared to the forecasted $2.45. This Q2 report means an earnings surprise of -12.65%. On the contrary, reported sales were $44.8 billion, in line with the market estimates.

    This compares to Earnings of $2.10 per share a year ago, so current EPS means an improvement of 1.90%. Revenue skyrocketed a 14.58% on an annualized basis in the , from $390.7B to $447.7B last quarter.

    COST ($COST) releases Q3 earnings report late next May.

    Costco Wholesale performance

    COST performance compared
    Company1m3m6m
    Costco Wholesale ($COST) 12.00% 3.70% 2.00%

    Important:
    The thoughts expressed in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not have any knowledge of the specific circumstances of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are provided for education purposes only

    COST summary

    Wednesday, April 21st, 2021
    Open$371.61
    Close$374.09
    Day range$371.47 - $374.58
    Previous close$371.73
    Session gain0.63%
    Average true range$5.85
    50d mov avg$345.27
    100d mov avg$356.21
    200d mov avg$348.61
    Earnings dateMay 27th, 2021

    Frequently asked questions

    What is Costco Wholesale stock symbol?

    Costco Wholesale Corporation is a public company trading in the US stock market with the COST symbol

    Is Costco Wholesale stock a buy or sell?

    Costco Wholesale received 11 ratings in the last 30 days: 10 bullish, 0 bearish and 0 neutral.

    Will COST go up?

    Costco Wholesale had different price forecasts published by analysts in the last 4 weeks setting the target price to $388.18. That is a 3.77% than the last price ($374.09).