August 21, 2024, 12:16 AM ET, BY William C. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for COST

• Buy COST just above 833.25, target 878.03, stop loss at 830.84 Details

The technical summary data tells us to buy COST at 833.25 with an upside target of 878.03. This data also tells us to set a stop loss at 830.84 to protect ourselves from excessive losses in case the stock starts to move against the trade. 833.25 is the first level of support below 876.2, and any test of support is usually a buy signal. In this case, support at 833.25 would be tested, so a buy signal would be present.

• Short COST just below 878.03, target 833.25, stop loss at 880.57 Details

The technical summary data suggests a short of COST as it approaches 878.03, with a downside target of 833.25. However, we should place a stop loss at 880.57. 878.03 is the first resistance level above 876.2, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 878.03 resistance is tested.

Swing Trading Plans for COST

• Buy COST just above 877.41, target 878.03, stop loss at 874.88 Details

If 877.41 starts to rise, the technical summary data tells us to buy COST just above 877.41, with an upside target of 878.03. The data also tells us to set a stop loss at 874.88 in case the stock turns against the trade. 877.41 is the first resistance level above 876.2, and any break above resistance is usually a buy signal. In this case, 877.41, the initial resistance, would move up, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short COST close to 877.41, target 833.25, stop loss at 879.94. Details

The technical summary data suggests a short of COST if 877.41 is tested with a downside target of 833.25. However, we should place a stop loss at 879.94 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 877.41 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Day trading plans for COST

• Buy COST just above 877.41, target 878.03, stop loss at 875.36 Details

If 877.41 starts to rise, the technical summary data tells us to buy COST just above 877.41, with an upside target of 878.03. The data also tells us to set a stop loss at 875.36 in case the stock turns against the trade. 877.41 is the first resistance level above 876.2, and any break above resistance is usually a buy signal. In this case, 877.41, the initial resistance, would move up, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short COST close to 877.41, target 872.23, stop loss at 879.46. Details

The technical summary data suggests a short of COST if 877.41 is tested with a downside target of 872.23. However, we should place a stop loss at 879.46 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 877.41 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Check the timestamp of this data. Updated AI-generated signals for Costco Wholesale Corporation (COST) available here: COST.

COST ratings for August 21:

Term →	Vicinity	center	Long
Reviews	Strong	Strong	Strong
1st place	0	0	833.25
2nd place	872.23	877.41	878.03
3rd place	880.15	898.11	922.42

AI-generated signals for COST

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This report was created using an AI developed by Stock Traders Daily. Over the last 20 years, this proprietary AI has been refined to identify the most favorable trading strategies for both individual stocks and the stock markets themselves. This method is also applied to index options, ETFs and futures. The goal of this specific report is to optimize trading in Costco Wholesale Corporation (NASDAQ: COST) incorporating prudent risk controls.

Warning:

This is a static report. The data below was valid at the time of publication, but support and resistance levels for COST change over time, so the report should be updated regularly. Subscribers get real-time updates. Unlimited real-time reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection against market downturns with Evitar Corte.

Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when COST tests support, buy signals emerge and resistance is the target. Conversely, when resistance is tested, it is a sign to control risk or sell and support would be the downside target accordingly. In any case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel) and to act as a risk control level.

Swing trades, day trades and longer-term trading plans:

This data is refined to also differentiate trading plans for day trading, swing trading and long-term investment plans for COST. All of these are offered below the summary table.