Sell signal · week 19
Costco slips 0.2% as the rebound stalls under the 50-day moving average
Our view last week
After 5 straight losing weeks, Costco stock closed up 3.1%, and buyers took 94% of volume, from 21% the week before. On the daily chart, price action prints a bullish engulfing, while the weekly MACD histogram is turning up. Money flow is still below zero and the underlying decline holds: the short slips to a 3.5% gain. A technical analysis picture worth watching closely for anyone swing trading US stocks.
This week's summary
Costco's rebound has stalled at the first hurdle: after last week's 3.1% gain the week closed down 0.2%, turned back by the 50-day moving average in the 928 area. Costco stock printed a fresh 7-day high without confirming it on the weekly close, and weekly price action still shows a distribution phase. Meanwhile the MACD histogram has risen for 2 weeks and money flow, still negative, is improving. A technical analysis worth following for swing trading in US stocks: the short holds a 3.7% gain.
IQS Phase
58
ordinary
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#152 / 175
US stocks
Trade P&L %
+3.73%
from signal to date, no stop loss
Costco Wholesale (COST) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 152nd among the 175 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimeweak phase
Performanceweekly -0.47% · monthly -4.20%
COST belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified weak phase according to our weekly reading.
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