NASDAQ trade advice (C): US consumer discretionary stock | 5-6% gain | USA stock trading signal on 28 Aug 2024

Date
August 28, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NASDAQ, United States of America

Stock Trading Signals in USA

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Costco Wholesale Corporation
  • 895 – 905
  • 950 – 955
  • Below 880
  • 5% – 6%
  • 12 - 14 Days
  • Buy
    Costco Wholesale Corporation
  • Buy
    Range
    895 – 905
  • Target
    950 – 955
  • Stoploss
    Below 880
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    12 - 14 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
  • 919
  • 533
  • NASDAQ code COST
  • Stock Name Costco Wholesale Corporation
  • Sector Consumer Discretionary
  • 52 Weeks High 919
  • 52 Weeks Low 533
  • 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 stock is experiencing a robust upward trend, consistently achieving higher highs and higher lows.
    • The chart shows that after a substantial upward movement, the price stabilized and created a Rounding Bottom pattern. After breaking out, the price is following a similar path as before.
    • With a new breakout in play, the stock is currently trading at an all-time high, with expectations for even further gains ahead.
  • 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 71.90, which indicates the strength of buyers.

  • 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.

  • Costco Wholesale Corporation (NASDAQ: COST) - MACD Indicator

    Costco Wholesale Corporation stock analysis based on MACD indicator
    Costco Wholesale Corporation - MACD indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

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

    Based on our swing trading signals for US stocks, Costco Wholesale Corporation stock price target will be USD 950 - USD 955 in the next 12-14 trading sessions.

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    Stoploss reached. Trade closed.

    NASDAQ: COST

    4 days
    3 Sep 2024
    28 Aug 2024
    Loss per
    100,000 SAR
    4 days
    -1,676
    Stop-loss
    3 Sep 2024
    880
    Buy Advice
    28 Aug 2024
    895 – 905
    Target 1
    950
    Target 2
    955
    Profit per
    100,000 SAR
    -1,676
    880
    895 – 905
    950
    955
    4 days
    3 Sep 2024
    28 Aug 2024
    Loss per
    100,000 SAR
    4 days
    -1,676
    Stop-loss
    3 Sep 2024
    880
    Buy Advice
    28 Aug 2024
    895 – 905
    Target 1
    950
    Target 2
    955
    Profit per
    100,000 SAR
    -1,676
    880
    895 – 905
    950
    955
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Costco Wholesale Corporation
  • 895 – 905
  • 950 – 955
  • Below 880
  • 5% – 6%
  • 12 - 14 Days
  • Buy Costco Wholesale Corporation
  • Buy
    Range
    895 – 905
  • Target 950 – 955
  • Stoploss Below 880
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    12 - 14 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Costco Wholesale Corporation
  • 895 – 905
  • 950 – 955
  • Below 880
  • 5% – 6%
  • 12 - 14 Days
  • Buy
    Costco Wholesale Corporation
  • Buy
    Range
    895 – 905
  • Target
    950 – 955
  • Stoploss
    Below 880
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    12 - 14 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
  • 919
  • 533
  • NASDAQ code COST
  • Stock Name Costco Wholesale Corporation
  • Sector Consumer Discretionary
  • 52 Weeks High 919
  • 52 Weeks Low 533
  • 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 stock is experiencing a robust upward trend, consistently achieving higher highs and higher lows.
    • The chart shows that after a substantial upward movement, the price stabilized and created a Rounding Bottom pattern. After breaking out, the price is following a similar path as before.
    • With a new breakout in play, the stock is currently trading at an all-time high, with expectations for even further gains ahead.
  • 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 71.90, which indicates the strength of buyers.

  • 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.

  • Costco Wholesale Corporation (NASDAQ: COST) - MACD Indicator

    Costco Wholesale Corporation stock analysis based on MACD indicator
    Costco Wholesale Corporation - MACD indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

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

    Based on our swing trading signals for US stocks, Costco Wholesale Corporation stock price target will be USD 950 - USD 955 in the next 12-14 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.

    If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website