possible short targetHere's a possible target.
Also not shorting, but will upload to Tradingview to check back later. Seems like a good risk-on rollover indicator.
NASDAQ:COST
COST trade ideas
Costco breaks out of ascending triangleToday NASDAQ:COST broke out of its ascending triangle, I personally bought swings.
I expect a continuation targeting the $992.64.
COST Costco Wholesale Corporation Options Ahead of EarningsIf you haven`t bought the dip on COST:
Now analyzing the options chain and the chart patterns of COST Costco Wholesale Corporation prior to the earnings report this week,
I would consider purchasing the 1020usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $22.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
It $COST to be the boss. Own where you consooom!Key Stats
P/E Ratio: 59.3 (premium pricing for a retail juggernaut)
Revenue Growth: +9.2% YoY in Q1
Dividend Yield: 0.47%
Next Earnings Date: Dec 12, 2024 (mark your calendars!)
Recent Upgrades/Downgrades: Barclays boosted PT to $1150; reiterates Overweight rating.
Top 3 Technical Reasons
Trend Strength: COST has consistently held its 50-day moving average. Recent breakouts show sustained bullish pressure.
Volume Surge: Increasing average volume last week suggests accumulation ahead of earnings.
Bullish Patterns: Breakout from a descending wedge on daily charts; next resistance $600, then $1100 longer-term.
Top 3 Fundamental Reasons
Membership Growth: Recent 8% YoY growth in executive memberships—Costco’s most profitable revenue stream.
Earnings Potential: Analysts are anticipating $4.11 EPS for Dec earnings, a steady climb from previous quarters.
Inflation Hedge: Shoppers flocking to Costco as inflation strains consumers elsewhere—consistent same-store sales increases.
Potential Paths to Profit
1. Buy Shares (Lowest Risk): Go long at market price.
2. Options Strategy: Consider Jan 2025 $1000 call options for a leveraged bet. Target 2x return on volatility pop post-earnings.
3. Swing Trade Opportunity: Enter now, aim to trim partial profits near $600 resistance and ride the rest to $1100.
Disclaimer:
We are not a brokerage or investment firm. We do not offer financial advice or investment advice and/or signals. This is not certified financial education. We offer access to the daily thought process of an individual and his experiences. We do not offer refunds. All sales are final.
COST with Strong Resistance Divergence **Costco (COST)** has not yet reported its results for the quarter ending in November 2024. The results are expected to be released on **December 12**.
This warehouse club operator is expected to post quarterly earnings of **$3.79 per share** in its upcoming report, which represents a year-over-year change of **+8.9%**. The consensus EPS estimate for the quarter has been revised **0.1% higher** over the last 30 days to the current level.
Costco's revenues are expected to be **$62.37 billion**, up **7.9%** from the year-ago quarter.
For now its expected to have a dropp down twoard the lower channel supported by strong negaptive resistance in addtional it seems Options Market makers are looking to burn 955 and 1000 Call 29 Nov Contracts
COST Short and LongI am bearish on Cost for now until we get into major support below. I wont be buying until the $500 to $350. I cant see the future and we might blow through this resistance and go higher, but I would love to get long in the next year or two if we ever see a retrace down. Short play for now.
$758 would be my target for shorts and a very bullish entry. Confluence between my fib method and it is an untested level.
$COST end of trend? Time to go short?NASDAQ:COST looks exhausted here. If you look on the weekly we got a big spike up that then closed under resistance which is usually a pretty good bearish signal.
I think NASDAQ:COST will start it's way down to the ~$400 support levels over the next year (by the end of 2025).
However, I think in the short term it's likely that we'll bounce at $761 or $667 support levels.
Let's see how the move plays out.
Costco WholeSale Corporation | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Costco WholeSale Corporation
- Triangle | Matched Trend Lines
- WXY | Midpoint Section
- Trend Line 1,2&3(Triangle Bias)
- ABC Impulsive Wave
- Retracement | 0.5 / 0.382 Area
Active Sessions on Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management on Demand;
Bias On An Intraday Perspective | Short
Overall Consensus | Neutral
COST should continue short term rallyCOST expect short term rally as the part of sequence started from August-2024 low, while dips remain above 867.16 low. Short term, it either extending higher in third wave in (5) and expect two more highs, while pullback stays above 910 level. If it breaks below 910 then it should be diagonal in (5) and expect one more push higher to finish (5), while dips remain above 867.16 low to finish the impulse sequence started from January-2023 low.
Wholesale Stock on Holiday Sale!NASDAQ:COST , breaking and closing above key supply zone, at all time highs concludes to no overhead supply
RS Rating of 82
Consistently beating analysts estimates and earnings revisions, with earnings reporting 32 days as of the writing of this post, can foreshadow market's conviction that this retailer is very well in a high demand consumerism
I have reasons to believe this security price could increase
Costo - Multiple testing of key resistanceNASDAQ:COST . The resistance is likely to be weakened and the rectangle range at the top seems to be consolidating into a potential bullish continuation pattern.
First up, the bullish bar has also closes above the cloud formation. Hence, supporting the bullish upside.
Should there be a correction, We will accumulate more at 820-839 support zone
COSTCO: 4H MA50-200 squeeze is forming the bottom.Costco is neutral on its 1D technical outlook (RSI = 49.149, MACD = -2.870, ADX = 33.443) as the price is trading inside the 4H MA50-MA200 range. This is taking place right at the bottom of the year long Channel Up, which has formed the previous two HL exactly on the 4H MA200. Coupled with a 4H MACD Bullish Cross, this is technically the new bottom formation. Our target is at least a +16.30% repeat (TP = 1,000).
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COST Bullish EntryThe Ichimoku Kinko Hyo Indicator shows that the Tenkan Sen is above the Kijun Sen, indicating strong Bullish Momentum
Costco Wholesale Corporation (COST) | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
# Trend | Time Frame Conductive | Weekly Time Frame
- General Trend
- Measurement on Session
* Support & Resistance
* Trade Area | Focus & Motion Ahead
# Position & Risk Reward | Daily Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.786 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Buy
COSTCO needs one more Low before it bottoms.Costco (COST) has been trading within a Channel Up pattern since the March 07 High and last week it hit the 1D MA50 (blue trend-line) for the first time since August 09. Even though this is the standard short-term Support level, we expect the price to break it and approach the bottom of the Channel Up where both previous Higher Lows were priced.
Our Target is $1000, just below the 2.0 Fibonacci extension, where the last Higher High was priced.
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My Watchlist: COSTI now have a setup signal(yellow dot indicator). Has an excellent risk-to-reward ratio. I'm looking to enter long near the close of the day if the stock can manage to CLOSE above the last candle highs (white line). If triggered, I will then place a stop-loss below (red line) and a price target above it(green line).
$COST with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:COST after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 80%.
Costco's Strong Earnings Amid Slowing Sales Growth: What’s Next?Costco Wholesale (NASDAQ: NASDAQ:COST ) delivered a mixed bag in its latest fiscal fourth-quarter report, with earnings beating estimates but revenue coming in slightly below expectations. The company’s net income jumped 7% year-over-year to $2.35 billion, or $5.29 per share, topping analysts’ estimates of $5.08 per share. However, revenue rose by just 1% to $79.7 billion, falling short of the $79.97 billion forecasted by analysts.
E-Commerce Growth Slows, But Still Impresses
While Costco’s e-commerce sales grew by 18.9% year-over-year, this was a slowdown compared to the 20% surge seen in the prior quarter. As online shopping habits continue to evolve, this deceleration in growth has raised eyebrows among investors, even though the numbers still reflect strong overall demand. CFO Gary Millerchip acknowledged the shift in consumer spending, noting that customers are being "very choiceful" in where they allocate their dollars, especially in the face of promotional deals in key categories like appliances and electronics.
Membership Fee Hike: A Watchpoint for Investors
Costco’s report was also significant because it came on the heels of the retailer’s first membership fee hike in six years, which took effect as the quarter ended. While the higher fees did not impact Q4 results, investors will be closely monitoring how these increased costs will affect future earnings. The membership model is a cornerstone of Costco’s business, and any shift in renewal rates could significantly affect long-term growth.
Mixed Sales Results: Same-Store Sales Hit by Gas Prices
Same-store sales, excluding gasoline, rose by 5.4%, which was short of expectations and a drop from the 6.6% growth recorded in the previous quarter. Lower gas prices and cautious spending on big-ticket items like furniture and electronics contributed to the slowdown, even as demand for essentials like groceries remained strong. This cautious consumer behavior could be an early signal of broader economic challenges.
Technical Outlook
On the technical front, NASDAQ:COST is currently down 1.55% in premarket trading, within a falling trend channel. With an RSI of 54, the stock is holding just above a key support pivot, indicating some resilience. Historically, NASDAQ:COST has shown a knack for rebounding after periods of consolidation, and the current setup suggests the potential for another upward move. The stock has been on a tear this year, gaining roughly 37% so far, and any break above the current trend channel could trigger further gains.
The Bigger Picture: Is NASDAQ:COST Still a Strong Buy?
Despite the near-term revenue miss, Costco’s long-term growth story remains intact. Its ability to maintain strong earnings growth, coupled with its expansion in e-commerce and global markets, positions it well for future success. However, the impact of rising membership fees and evolving consumer spending patterns will be critical factors to watch in the coming quarters.
As investors digest these results, the key question remains: Can Costco maintain its growth trajectory in a more cautious consumer environment? With its strong fundamentals and track record, the stock may remain an attractive option for those looking for long-term value in a competitive retail space.
Gets back into the green shade of 850Trend the same, but after the catalyst of earnings, we could see a retrace of around 5% or more based on previous data. Technicals are heading down towards this area. Trend has not changed in the short term looks like a correction but also a continuation of the current trends in the long term.
Cost: next leg up ? FibFun
This is what I found in most bullish and bearish retracements , once you get 100% retracement of up or down move then next level is normally 1.618. If it retrace up to 50% after 100% then it's even more bullish, if it goes under 50% after 100% then it's super bearish. Have fun finding 50-100% fib retracements.
