Why Analysts Recommend Buying Home Depot and Costco Shares Amid Expected Persisting High Gas Prices

Analysts predict that high gasoline prices will persist and recommend purchasing shares of Home Depot (HD) and Costco (COST). The positive outlook could provide short‑term support for Costco. Technical indicators also signal a bullish trend: the MACD has crossed above its signal line, the RSI sits around 65, and the price remains above both the 20‑period and 50‑period simple moving averages. A 2.48% increase over the past 24 hours further indicates momentum is continuing. Considering these factors, the probability of a modest price uptick within the next one to three days appears high.

Analysts predict that consumer spending will rise with the imminent decline in gasoline prices, which could benefit retail companies such as Home Depot. Technical indicators show the price trading above the 20‑ and 50‑day moving averages, and the MACD is above its signal line, signaling a short‑term bullish move. The RSI sits at 67—still in the overbought region but below 70—making a sharp correction unlikely. A modest price uptick is expected within a 1‑ to 3‑day window. However, market volatility and unforeseen changes in gasoline prices could pose risks.