Momentum Fatigue: COST Extended at $1040.55
Bearish
Nov 3, 2026 at 12:13 AM
•
$1040.55
(+2.80%)
Costco Wholesale Corp (COST) advanced 2.80%, ending the session at $1040.55 on November 3.
From a technical standpoint, the outlook appears bullish:
Moving Averages
The stock holds above both the 9-day ($1004.87) and 21-day ($983.83) EMAs, confirming the uptrend.
Momentum
RSI at 72.4 is elevated in overbought zone, which often precedes pullbacks. MACD is bullish (21.67 vs signal 19.15).
Volatility
Price is extended above the upper Bollinger Band ($1038.40), suggesting possible mean reversion.
The bullish trend is intact, but overbought momentum readings suggest waiting for a pullback.
Technical levels: $929.08 support, $1038.40 resistance.