COST Weekly Technical Analysis
Costco Wholesale Corp
Membership-based retailer offering bulk goods with strong customer loyalty.
COST Technical Analysis Summary
Costco remains in a well-defined secular bull market above its rising 200-week moving average (805.30). However, the intermediate weekly structure is under pressure following a double-top rejection near 1,080 and a drop below both the 20-week and 50-week moving averages. Holding key support between 870 and 890 is critical to avoid deeper mean reversion toward the 200-week trendline.
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COST Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is trading below both the 20-week (944.99) and 50-week (952.97) moving averages, with weekly RSI held below the 50 neutral threshold at 43.94.
Long-term Sentiment (weeks to months): Bullish
The secular uptrend remains intact with price comfortably above the upward-sloping 200-week moving average (805.30), preserving the multi-year higher-low structure.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-10-02T21:04:36.221Z
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $880.00 | $870.00 - $890.00 | Strong | Confluence of the lower Bollinger Band (887.35) and recent multi-week swing lows established in early 2026. |
| $810.00 | $800.00 - $820.00 | Strong | Major structural support zone aligned with the rising 200-week simple moving average (805.30). |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $952.50 | $945.00 - $960.00 | Moderate | Overhead confluence of the 20-week SMA (944.99) and the 50-week SMA (952.97). |
| $1,060.00 | $1,040.00 - $1,080.00 | Strong | All-time high peak area and resistance from the double-top formation established late 2024 and mid 2026. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Moderate | Double Top | Bearish | $680.00 | Two distinct swing highs formed near 1,060-1,080 separated by a pullback to approximately 870, with neckline support currently being tested. |
Frequently Asked Questions about COST
What is the current sentiment for COST?
The short-term sentiment for COST is currently Bearish because Price is trading below both the 20-week (944.99) and 50-week (952.97) moving averages, with weekly RSI held below the 50 neutral threshold at 43.94.. 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 $880.00 and $810.00. 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 49/100. 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.