Costco COST technical analysis

COST is down 0.44% in the last 24 hours at $917.32, trading below its daily SMA20 of 945.341, with short-term momentum weak as the 4-hour RSI14 sits at 15 and the daily RSI14 at 34, both within oversold territory but without confirmed reversal. The prevailing structure remains a downtrend, as price holds under the 1D SMA20 and SMA50.

The immediate battle is between the 1D support zone of 907.21-910.5 (2 touches) and the 1D resistance of 916.76-925.77 (3 touches), with price currently inside this range. Above that, the 4h resistance at 907.23-942.53 has 14 touches and the 1D resistance at 933.25-942.53 has 6 touches, capping rallies; a falling daily trendline near 967.616 adds further overhead pressure.

For bulls to reclaim momentum, price must close above the 1D resistance at 916.76-925.77 and then break the 4h 907.23-942.53 zone, targeting the 1D 933.25-942.53 area. Bears need to defend these zones and push price below the 1D support at 907.21-910.5, which would open the path toward lower levels.