Want to know the current price of Costco Wholesale and what’s next for COST stock? On this page, we share the latest Costco Wholesale news and tips on buying stocks. You can also view the latest Costco Wholesale Forecast for 2022 and 2023 from our experts.
Should you buy or sell Costco Wholesale shares today? To what levels can the shares of this company rise in a year, two, three? How much will Costco Wholesale papers cost in 2021, 2022, 2023? We have been making currency rate forecasts for a long time, and we can also predict the behavior of the stock market using technical analysis and simple indicators.
We also take into account the technical, fundamental analysis of stocks, the news background, the general geopolitical situation in the world and other, smaller factors. The stock forecasts indicate target levels for COST stock, both up and down.
Costco Wholesale Forecast for 2022 and 2023
Quotes of Costco Wholesale continue to move in the framework of strong growth and left the limits of the bullish channel. The moving averages indicate a short-term bullish trend in COST stock. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of securities and a likely continuation of the rise in the near future. At the time of publication of the forecast, the value of the shares is 456.52 per share. As part of the forecast, we should expect an attempt to develop a correction and test the support level near the area of 405.05. Further, the price bounces up and the continued rise in the value of securities. The potential target of such a movement in shares is the area above the level of 565.05 already in 2021, 2022, 2023.
An additional signal in favor of the growth of Costco Wholesale quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the rising channel, which is a very strong signal for the price to continue to rise. Cancellation of the option to raise the cost of the cost of shares of Costco Wholesale will be a fall and a breakdown of the level of 395.05. This will indicate a breakdown of the support area, in which case we can consider the continuation of the decline in securities to the area at the level of 325.05. It is worth waiting for confirmation of the rise in shares with a breakdown of the resistance area and closing above the level of 485.05.
Costco Wholesale Forecast for 2022 and 2023 suggests an attempt to develop a decline and test the support area near the level of 405.05. Where should we expect a rebound and an attempt to continue the rise of shares in the area above the level of 565.05. In favor of the growth of securities, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the COST rise option will be a fall and a breakdown of the level of 395.05. This will indicate a breakdown of the lower border of the channel and a continuation of the fall in value to the area below the level of 325.05.
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