Costco Wholesale (COST) Monthly Technical Analysis
Costco Wholesale Corp
Membership-based retailer offering bulk goods with strong customer loyalty.
COST Technical Analysis Summary
Costco continues to demonstrate an exceptionally strong secular bull market on the monthly timeframe, supported by well-ordered ascending 20, 50, and 200-period SMAs. Following a brief consolidation near the 20-month moving average around $870–$950, price has forcefully rebounded back above $1,000. As long as the stock remains structurally above its 20-month SMA, the broader long-term trajectory points toward continued expansion beyond all-time highs.
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COST Monthly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Strong monthly rebound candle surging back above the 20-period moving average with price pressing toward recent record highs.
Long-term Sentiment (weeks to months): Bullish
Clear multi-decade secular uptrend with perfect bullish alignment of the 20, 50, and 200-month simple moving averages.
Report Metadata
- Timeframe: monthly
- Generated at: Nov 1, 2026
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $913.42 | $869.91 - $956.93 | Strong | Confluence of the 20-month moving average, lower Bollinger Band, and recent multi-month consolidation lows. |
| $591.00 | $570.00 - $612.00 | Strong | Major multi-year secular breakout level from the 2022-2023 consolidation base. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $1,032.70 | $1,021.45 - $1,043.95 | Strong | All-time high wick resistance aligning with the upper monthly Bollinger Band boundary. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Multi-Year Ascending Channel / Secular Base Breakout | Bullish | N/A | After consolidating between $450 and $600 throughout 2022-2023, the stock executed a sustained multi-year trend continuation breakout toward four-digit territory. |
Frequently Asked Questions about COST
What is the current sentiment for COST?
The short-term sentiment for COST is currently Bullish because Strong monthly rebound candle surging back above the 20-period moving average with price pressing toward recent record highs. 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 $913.42 and $591.00. 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 15/100. 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.
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