-0.71% Shift in COST Stock Points to Emerging bearish Momentum on Jan 02, 2025
Date: Jan 02, 2025 (Thursday)
open : $915.00
close : $909.81
low : $902.00
high : $925.56
previous close: $916.27
Also check: Tool to spot which candlestick has formed
On Jan 02, 2025 (Thursday), COSTCO WHOLESALE CORPORATION (COST) in the Consumer Defensive sector showed bearish momentum of -0.71% w.r.t previous day's close. The stock belongs to the Discount Stores industry within the Consumer Defensive sector.
At the opening bell, the stock started with a gap down at $915.00, compared to the previous close of $916.27 (a gap down of -0.14%).
The stock hit a high of $925.56 and a low of $902.00, creating a trading range of $23.56. The price movement for the day was -0.57% lower than the opening price.
During the day's session, the COSTCO WHOLESALE CORPORATION traded 1,740,380 shares, showing a modest -7.26% change compared to the average of 1,876,709 shares. This indicates a fairly typical level of market activity, with no major deviations from average trading volume.
The stock showed moderate volatility (2.59%) with movement between $902.00 and $925.56.
If we look at the last month's 1D chart, the stock has been in a downtrend, and today's close < open forms a bearish candle, reinforcing the trend and signaling strong selling pressure as bearish sentiment persists.
Disclaimer: This analysis is provided solely for educational purposes and does not include any recommendations. For any financial decisions, it’s advised to consult with your financial advisor.