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- 1 Costco stock price decreased by 1.77% over the past seven days.
- 2 Costco Wholesale Corporation ( NASDAQ: COST) stock’s 52-week price range is $447 – $557.
Costco Wholesale has been increasing its earnings by 14.9% yearly on average, while the Consumer retailing industry grew by 10.2% annually, according to the financial website Simply Wall St. The company’s revenues have also been rising by 11.8% per year on average. Costco Wholesale has a net margin of 2.5% and a return on equity of 25.5%.
Costco Wholesale has a debt-to-equity ratio of 27.6%, which is calculated from its total shareholder equity of $23.6 Billion and total debt of $6.5 Billion as per Simply Wall St. The company’s total assets and total liabilities are $66.8 Billion and $43.2 Billion, respectively. Costco Wholesale’s EBIT is $8.2 Billion making its interest coverage ratio -52.4. It has cash and short-term investments of $13.7 Billion.
The market capitalization of COST stock is $247.139 Billion and the total revenue is $226.954 Billion. Moreover, the stock’s basic EPS is $13.52 and the price-to-earnings ratio is 40.92. Moreover, the average volume is 1.855 Million and the current volume is 1.464 Million, the current volume is below average volume.
Moreover, the stock has done well this month, increasing by 3.80% and it has surged by 7.43% in the last six months. However, Costco Wholesale Corporation (NASDAQ: COST) stock has a positive year-to-date return of 21.77% and a positive 1-year return of 2.33%.
Technical Analysis of Costco Stock Price in 1-D Timeframe
The price action shows that Costco Wholesale Corporation’s ( NASDAQ: COST) stock price has been inclining for the last three months, increasing by 13.08%. At the time of writing, COST stock is trading at $557.69 and has been trying to sustain the CMP level after taking a pullback.
Therefore, if it maintains the current level, the COST price could continue to move upwards and reach the first and second targets of $570.35 and $586.89. However, if the COST price fails to sustain the current level and drops, then it might hit the nearest support levels of $545.65 and $524.69.
At the time of publishing, Costco Wholesale Corporation (NASDAQ: COST) is trading above the 20, 50, 100, and 200-day EMAs (exponential moving averages), which are supporting the price trend.
However, if selling volume adds up then the price might conquer supporting EMA’s by making lower highs and lows. Hence, COST price is expected to move downwards giving bearish views over the daily time frame chart.
The current value of RSI is 60.90 points. The 14 SMA is above the median line at 70.05 points which indicates that Costco stock is bearish.
The MACD line at 7.97 and signal line at 9.35 are above the zero line. A bearish crossover is observed in the MACD oscillator which signals more bearishness for the COST stock price.
Summary
Costco Wholesale Corporation (NASDAQ: COST) indicates that the investors and traders of the stock price are bearish on the 1-D time frame. The price action reflects a bearish outlook at the time of publishing. The technical oscillators of the COST stock price also support the bearish trend. The MACD, RSI, and EMA are highlighting negative signals and imply that the downtrend may continue in COST stock price.
Technical Levels
- Support Levels: The nearest support levels for Costco stock price are $545.65 and $524.69.
- Resistance levels: The nearest resistance levels for Costco stock price are $570.35 and $586.89.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
