COST stock: buy or sell

COST stock price: $422.22 -0.50% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

2

COST stock brief

  • After reaching new highs on Wednesday, Costco Wholesale closed at $422.22 barely moving a -0.50%

Should I buy Costco Wholesale stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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?

Currently, Costco Wholesale stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $COST will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Costco Wholesale stock?

When you are a novel trader and you own a stock with some profit, it's really difficult to decide the good moment to sell and get your benefits. In the same way as when we have to buy shares, determining when is appropiate time to sell is not a whimsical decision, and we must follow our own trading strategy. We like very simple setups to guide us on when is the best moment to sell a stock. Be aware that these setups should not be used for selling short Costco Wholesale stock

A golden rule is that you should never mantain an operation that generates losses greater than those expected at the time of purchase. The timing to sell shares must always 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 previous month we couldn't find any rating for Costco Wholesale

Costco Wholesale stock analysis

Since the price bottomed at $306.34 last March, the stock surged by 37.83%.

$COST at new All-time Highs

Costco Wholesale did it again, and marked new all-time highs (ATH) on Wednesday at $424.86. Stock surged fast in the last 2 weeks, smashing new all-time highs 6 times

SMAs overview

COST stock SMAs chart

Supports and resistances

Price is at highs and there are not upper resistance levels.

The current supports are:

  • S1: $386.48 (-8.46% below)
  • S2: $379.98 (-10.00% below)
  • S3: $378.00 (-10.47% below)
  • Bollinger bands

    Since the price surpassed the upper band last Friday, the price has been corrected downwards by 0.42%. The price is trading near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell signal, as price can move in these levels for many days and weeks

    COST stock Bollinger Bands chart

    Relative strength index

    Climbed over the overbought line Wednesday, with a value of 71.7. Crossing up above the overbought zone is not a bearish signal, as stock price can be above 70 for many, many weeks and may continue to rise

    COST stock RSI chart

    Costco Wholesale stock price history

    Costco Wholesale went public priced at an adjusted price1 of $7.52 on Jul 1986. Since then, COST stock surged by 5,514.63%, with an average of 157.56% per year. An investment of thousand dollars at that time would have a value of $56,146.28 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 stock will performance in the future.

    Along with buy or sell recommendations, financial institutions release their price target based on the stock price action and the company fundamental data. Most of these estimates follow the release of new fundamental data by the company, and many times. If you are a small investor you shouldn't trade based on these projections.

    In the previous 30 days we couldn't find any price target posted for Costco Wholesale stock.

    Earnings and financials

    Costco Wholesale ($COST) had the quarterly investors event and presented the report last May. COST posted earnings of $2.75 per share on revenue of $45.3 million. The market estimate was $2.34 per share on revenue of $43.6 billion.

    In comparing, the EPS for the same quarter last year was $1.89, so reported EPS means a gain of 45.50%. Turnover exploded a 21.50% on an annualized basis in the , from $372.7B to $452.8B last quarter.

    COST ($COST) presents Q4 earnings report next September. Analysts estimate of $3.41, that is a 24.00% higher than previous quarter.

    Costco Wholesale performance

    COST performance compared
    Company1m3m6m
    Costco Wholesale ($COST) 6.50% 14.60% 18.80%

    Please read:
    The viewpoints contained in this post are personal and not recommendations for you to buy or sell stocks. The author of this paper does not have an understanding of the individual circumstances of the reader, his or her own 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 Viewpoints are provided for education motives only

    COST summary

    Wednesday, July 28th, 2021
    Open$423.27
    Close$422.22
    Day range$420.54 - $424.86
    Previous close$424.34
    Session gain-0.50%
    Average true range$6.20
    50d mov avg$394.71
    100d mov avg$375.91
    200d mov avg$368.50
    Earnings dateSeptember 23rd, 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 had no ratings in the last 4 weeks Read the article to get additional tips on trading COST stock.

    Will COST go up?

    There were no predictions posted by market analysts in the last month for Costco Wholesale.