COST RSI Hits Extreme Overbought at $956.75
Costco Wholesale Corp (COST) advanced 0.61%, ending the session at $956.75 on January 16.
Technical indicators paint a bullish picture:
Momentum
RSI at 72.8 is elevated in overbought zone, which often precedes pullbacks. MACD is bullish (15.38 vs signal 4.15).
Moving Averages
The stock holds above both the 9-day ($925.24) and 21-day ($904.10) EMAs, confirming the uptrend.
Volatility
Bollinger Band width at 16.0% indicates normal volatility.
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.
The $816.77-$958.88 range defines near-term boundaries.
