Costco bounces 1.8%, but volume won't confirm it
Costco stock rises 1.8%, but 70% of volume stays on the sell side: the bounce doesn't convince
Costco bounces 1.8%, but volume won't confirm it
Our view last week
Costco slips 0.6% and drifts without clear direction after last week's 2.7% bounce. The weekly RSI is stuck at 43.9, still below neutral, while money flow slides deeper into distribution. Buyers hold a thin majority, 60% of volume, but on the daily chart the structure still shows a double bottom in the 912 area, with an intermediate 6% bounce off the lows.
This week's summary
Costco closes the week up 1.8%, but volume tells a different story: 70% of trading stayed on the sell side, and the level near 937 touched a few days ago hasn't been defended yet — for now the move under way continues. In this week's Costco stock technical analysis, money flow stays negative, though less so than last week, when buyers barely held the majority. The Sell signal remains in a holding pattern, without a real technical turn.
IQS Phase
62
ordinary
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#110 / 138
US stocks
Trade P&L %
+0.46%
from signal to date, no stop loss
Rank position
ranks 110th among the 138 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein positive regime
Performanceweekly +6.11% · monthly -1.69%
COST belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in positive regime according to our weekly reading.
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