Costco has broken down from a rising trend with increased volume and a significant price drop exceeding 3%.
The trendline has not been retested after the breakdown, but a retest is not required.
The price has support around 910 and 875.
There is a declining RSI(21) and negative volume balance over the past month.
The price is trading below a green Ichimoku cloud, and Senkou Span B has crossed above Senkou Span A in the forward-looking cloud, indicating weakening momentum ahead.
From a technical standpoint, Costco appears negative in the medium term (one to six months).
This analysis does not represent a long-term forecast.
Fundamental analysts remain largely positive on the stock.
Disclaimer: I recently exited my position in Costco. The position had shown weak performance, and I am also reducing exposure to the USD.
The trendline has not been retested after the breakdown, but a retest is not required.
The price has support around 910 and 875.
There is a declining RSI(21) and negative volume balance over the past month.
The price is trading below a green Ichimoku cloud, and Senkou Span B has crossed above Senkou Span A in the forward-looking cloud, indicating weakening momentum ahead.
From a technical standpoint, Costco appears negative in the medium term (one to six months).
This analysis does not represent a long-term forecast.
Fundamental analysts remain largely positive on the stock.
Disclaimer: I recently exited my position in Costco. The position had shown weak performance, and I am also reducing exposure to the USD.
註釋
/home/palle/Nedlastinger/COST_2025-07-18_18-02-45.pngCharts can become cluttered with too many elements, but since Ichimoku is part of this analysis, I've included a version with the full Ichimoku indicator applied.
註釋
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