NASDAQ trade advice (B): US consumer discretionary stock | 5-6% gain | USA stock trading picks on 5 Jun 2024

Date
June 5, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NASDAQ, United States of America

Short Term Stock Trading Advice in USA

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Costco Wholesale Corporation
  • 815 – 820
  • 860 – 867
  • Below 800
  • 5% – 6%
  • 14 - 15 Days
  • Buy
    Costco Wholesale Corporation
  • Buy
    Range
    815 – 820
  • Target
    860 – 867
  • Stoploss
    Below 800
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    Costco Wholesale Corporation (NASDAQ: COST) - Stock Overview

  • NASDAQ Code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • COST
  • Costco Wholesale Corporation
  • Consumer Discretionary
  • 827.91
  • 510.57
  • NASDAQ Code COST
  • Stock Name Costco Wholesale Corporation
  • Sector Consumer Discretionary
  • 52 Weeks High 827.91
  • 52 Weeks Low 510.57
  • Costco Wholesale Corporation (NASDAQ: COST) vs NASDAQ - Relative Strength Comparison

    The image highlights Costco Wholesale Corporation's performance over the last year versus NASDAQ.
    Relative Performance - Last 1 Year
    COST —   NASDAQ —

  • Costco Wholesale Corporation (NASDAQ: COST) - Technical Analysis (Daily)

    Costco Wholesale Corporation - Technical Analysis chart on Daily Price and Volume
    Costco Wholesale Corporation - Technical Analysis chart on Daily Price and Volume

    • The price is experiencing a robust upward trend.
    • Following a peak around the 786 level, the price underwent a significant correction and found support near the 700 level.
    • Subsequently, the price resumed its upward movement and formed a Rounding Bottom pattern.
    • After the breakout, the price is presently trading at its highest level ever recorded and is anticipated to continue ascending.
  • Costco Wholesale Corporation (NASDAQ: COST) - RSI Indicator

    Costco Wholesale Corporation stock analysis based on RSI Indicator
    Costco Wholesale Corporation - RSI Indicator

    • Current RSI of this stock is 73.20, which indicates the strength of buyers.

  • Costco Wholesale Corporation (NASDAQ: COST) - ADX & DI Indicator

    Costco Wholesale Corporation stock analysis based on ADX & DI Indicator
    Costco Wholesale Corporation - ADX & DI Indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Costco Wholesale Corporation (NASDAQ: COST) - EMA Crossover

    Costco Wholesale Corporation stock analysis based on EMA Crossover
    Costco Wholesale Corporation - EMA Crossover

    • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - Costco Wholesale Corporation (NASDAQ: COST) Stock Price Forecast

    Based on our swing trading stock selection for USA market, Costco Wholesale Corporation stock price target will be USD 860 - USD 867 in the next 14-15 trading sessions.

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    Target hit. Trade closed.

    NASDAQ COST

    5 Jun 2024
    17 Jun 2024
    17 Jun 2024
    9 days
    Loss per
    100,000 SAR
    Stop-loss
    800
    Buy Advice
    5 Jun 2024
    815 – 820
    Target 1
    17 Jun 2024
    860
    Target 2
    17 Jun 2024
    867
    Profit per
    100,000 SAR
    9 days
    5,513
    800
    815 – 820
    860
    867
    5,513
    5 Jun 2024
    17 Jun 2024
    17 Jun 2024
    9 days
    Loss per
    100,000 SAR
    Stop-loss
    800
    Buy Advice
    5 Jun 2024
    815 – 820
    Target 1
    17 Jun 2024
    860
    Target 2
    17 Jun 2024
    867
    Profit per
    100,000 SAR
    9 days
    5,513
    800
    815 – 820
    860
    867
    5,513
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Costco Wholesale Corporation
  • 815 – 820
  • 860 – 867
  • Below 800
  • 5% – 6%
  • 14 - 15 Days
  • Buy Costco Wholesale Corporation
  • Buy
    Range
    815 – 820
  • Target 860 – 867
  • Stoploss Below 800
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    14 - 15 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Costco Wholesale Corporation
  • 815 – 820
  • 860 – 867
  • Below 800
  • 5% – 6%
  • 14 - 15 Days
  • Buy
    Costco Wholesale Corporation
  • Buy
    Range
    815 – 820
  • Target
    860 – 867
  • Stoploss
    Below 800
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Costco Wholesale Corporation (NASDAQ: COST) - Stock Overview

  • NASDAQ Code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • COST
  • Costco Wholesale Corporation
  • Consumer Discretionary
  • 827.91
  • 510.57
  • NASDAQ Code COST
  • Stock Name Costco Wholesale Corporation
  • Sector Consumer Discretionary
  • 52 Weeks High 827.91
  • 52 Weeks Low 510.57
  • Company profile

    Costco Wholesale Corporation operates membership warehouses in various countries including the United States, Canada, Mexico, Japan, and several others. They provide a wide range of products, from groceries and electronics to furniture and jewelry. In addition to their physical locations, Costco also offers online services such as business delivery and travel bookings. Founded in 1976, the company is headquartered in Issaquah, Washington.

  • Costco Wholesale Corporation (NASDAQ: COST) vs NASDAQ - Relative Strength Comparison

    The image highlights Costco Wholesale Corporation's performance over the last year versus NASDAQ.
    Relative Performance - Last 1 Year
    COST —   NASDAQ —

  • Costco Wholesale Corporation (NASDAQ: COST) - Technical Analysis (Daily)

    Costco Wholesale Corporation - Technical Analysis chart on Daily Price and Volume
    Costco Wholesale Corporation - Technical Analysis chart on Daily Price and Volume

    • The price is experiencing a robust upward trend.
    • Following a peak around the 786 level, the price underwent a significant correction and found support near the 700 level.
    • Subsequently, the price resumed its upward movement and formed a Rounding Bottom pattern.
    • After the breakout, the price is presently trading at its highest level ever recorded and is anticipated to continue ascending.
  • Costco Wholesale Corporation (NASDAQ: COST) - RSI Indicator

    Costco Wholesale Corporation stock analysis based on RSI Indicator
    Costco Wholesale Corporation - RSI Indicator

    • Current RSI of this stock is 73.20, which indicates the strength of buyers.

  • Costco Wholesale Corporation (NASDAQ: COST) - ADX & DI Indicator

    Costco Wholesale Corporation stock analysis based on ADX & DI Indicator
    Costco Wholesale Corporation - ADX & DI Indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Costco Wholesale Corporation (NASDAQ: COST) - EMA Crossover

    Costco Wholesale Corporation stock analysis based on EMA Crossover
    Costco Wholesale Corporation - EMA Crossover

    • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - Costco Wholesale Corporation (NASDAQ: COST) Stock Price Forecast

    Based on our swing trading stock selection for USA market, Costco Wholesale Corporation stock price target will be USD 860 - USD 867 in the next 14-15 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

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