COST Weekly Technical Analysis
Costco Wholesale Corp
Membership-based retailer offering bulk goods with strong customer loyalty.
COST Technical Analysis Summary
COST continues to exhibit the characteristics of a strong, enduring long-term uptrend. The stock has recently emerged from a significant corrective phase, establishing a firm base in the 830s before staging a powerful rally to reclaim key intermediate moving averages. With momentum metrics like MACD confirming the upside reversal, the technical posture suggests a resumption of the primary trend with a high probability of retesting previous all-time highs.
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COST Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price has staged a strong, impulsive reversal from the ~830 support zone, breaking back above both the 20-week and 50-week SMAs. This is supported by a recent bullish MACD crossover and an RSI moving back into the bullish regime above 50.
Long-term Sentiment (weeks to months): Bullish
The macro structure remains a textbook uptrend defined by consistent higher highs and higher lows over multiple years. The price remains comfortably above a sharply rising 200-week SMA, indicating the primary bull market is intact.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-21T18:34:28.756Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $940.00 | $925.00 - $955.00 | Weak | Dynamic support zone formed by the confluence of the rising 20-week and 50-week Simple Moving Averages. |
| $840.00 | $830.00 - $850.00 | Strong | Major recent swing low that halted the multi-month correction, acting as a significant structural base. |
| $730.00 | $710.00 - $750.00 | Strong | Long-term structural support zone aligning with the current position of the 200-week SMA and previous consolidation areas from 2023. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $1,027.50 | $1,020.00 - $1,035.00 | Weak | Near-term resistance defined by the recent local swing high before the current week's pullback. |
| $1,090.00 | $1,080.00 - $1,100.00 | Strong | Major resistance zone marking the all-time high area established prior to the recent correction. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Correction and Reversal | Bullish | N/A | After a deep, multi-month pullback from all-time highs, price found strong buying interest at structural support, printing a V-shaped recovery on the weekly chart that reclaimed lost moving averages and shifted momentum indicators back to positive. |
Frequently Asked Questions about COST
What is the current sentiment for COST?
The short-term sentiment for COST is currently Bullish because Price has staged a strong, impulsive reversal from the ~830 support zone, breaking back above both the 20-week and 50-week SMAs. This is supported by a recent bullish MACD crossover and an RSI moving back into the bullish regime above 50.. 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 $940.00 and $840.00. 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 92/100. It is currently flagged as a significant dip in the Top Dips list. It is also listed as a Value Dip because long-term sentiment is bullish.
View the full interactive analysis on StockDips.AI.