COST 10-Week forecast and technical analysis by Pretiming. | |||
◆ Closed price | |||
May 29, 2023 | 512.59 | 1.05% | |
◆ Appropriate Investment Position: Neutral | |||
◆ This week's stock price Buy-Sell strength analysis | |||
The current trend appears to be 'Entering a correction trend'. The OPEN-price started with a stronger upward rate than the current trend and The HIGH and LOW prices are showing a weaker HIGH-price and an appropriate LOW-price compared to the current trend. Finally, the CLOSE-price closed with a weaker upward rate than the current trend. | |||
The overall buy-and-sell strength indicates that the buy strength is stronger than the sell. | |||
Assuming that the average buy strength is 100%, | |||
This week's buy strength is | 44% | | |
◆ Next week's stock price Buy-Sell strength Forecast | |||
Based on recent stock trends and technical analysis, it looks like COST stock will enter an Correction trend next week | |||
The %strength of Risk & Return next week : | 95% | ||
HIGH ~ LOW % range next week : | 2.4% | 0.0% | |
Predicted Average loss over the next 3 weeks: | -3.5% | ||
The price of COST stock moves in line with the rise and fall of the stock market index with a probability of | 74% | | |
, and conversely, it moves against the stock market index trend with a probability of | 26% | | |
because of the high similarity, the predicted flow might change depending on the flow of the stock market index. If any changes are made, the stock flow of the 10-week forecast may also change. | |||
◆ COST stock price 10 Week forecast | |||
It is expected that the overall trend movement over the next 10 weeks will follow a descending rectangle pattern, with a ratio of 6 : 4 for the downward to upward direction, indicating a higher proportion of the downward trend. However, in terms of the expected strength of the upward and downward movements, the downward strength is moderate, while the upward strength is higher. Currently, it's about to begin a correction trend as an upward trend gradually gives way to a slowdown in rises and falling fluctuations. and It's maintaining a suitable Buy-Sell strength for the current trend conditions. | |||
Indicating that We are currently in a bullish zone. Therefore, it is recommended to implement a strategy to increase profits and take a suitable investing position. A suitable investing position is 'Neutral' for now. The appropriate selling timing is predicted to be this week or next week. | |||
The selling date is | Jun 05 | | |
A good price to sell a stock: | $ 523.21 | ||
And the appropriate buying timing is predicted to be in 4 weeks. | |||
The buying date is | Jun 19 | to | Jun 26 |
A good price to buy a stock: | $ 495.10 | ||
(Forecast may change due to changes in the Buy-Sell strength) | |||
◆ Volatility of forecast | |||
Due to maintaining a proper flow of Buy-Sell strength that is suitable for the current trend, pretiming forecasting may have low volatility. | |||
◆ Predicting the turning point of the trend | |||
The probability of a trend reversal occurring approximately 1 week from now, 5 weeks from now, 8 weeks from now | 38% | ||
◆ Forecast of Upper~Lower price range over the next 10 weeks | |||
Price: | 498.29 | ~ | 521.21 |
% Change: | -2.8% | ~ | 1.7% |
Median price between the upper and lower prices | 509.75 | -0.6% | |
◆ Analysis of the trend zone & level% and average strength of trends | |||
For the last 30 weeks, the average trend zone & level% | Bearish | -3% | |
The Current trend zone & level% | Bullish | 34% | |
The expected average trend zone & level% for the next 10 weeks | Bullish | 22% | |
If the trend moves upward from the current trend level%, it's expected to have an average upward strength of | 81% | (Max 100%) | |
And if it moves downward, it is expected to have a downward strength of | -37% | (Min -100%) | |
◆ Forecasting the strength of the trend and the range of the HIGH ~ LOW | |||
Trend | Strength% | HIGH | LOW |
In 1 week: Entering a correction trend | 95% | 2.4% | 0.0% |
In 2 weeks: Correction trend | -45% | 0.0% | -2.2% |
In 3 weeks: Correction trend | -47% | -0.1% | -3.5% |
In 4 weeks: Entering an uptrend | -36% | -0.1% | -1.5% |
In 5 weeks: Entering an uptrend | 94% | 3.9% | -0.1% |
In 6 weeks: Uptrend | 53% | 2.5% | -0.7% |
In 7 weeks: Entering a correction trend | -4% | 0.2% | -0.4% |
In 8 weeks: Entering a correction trend | -45% | 0.1% | -2.1% |
In 9 weeks: Correction trend | -46% | -0.4% | -3.2% |
In 10 weeks: Correction trend | -35% | -0.3% | -1.3% |
◆ Average closing price in case of rising: | | 2.7% | |
=> HIGH ~ LOW range: | 3.5% | ~ | -1.4% |
◆ Average closing price in case of falling: | | -2.0% | |
=> HIGH ~ LOW range: | 1.4% | ~ | -3.6% |
Stock forecast is based on the buy-sell strength analysis of pretiming. Get detailed information including best stocks to buy, stock price target and investment strategy, Bearish & Bullish stock trend analysis, stock technical analysis. | |||
