COSTAR GROUP INC (CSGP) Stock Technical Analysis
NASDAQ:CSGP • US22160N1090
Overall CSGP gets a technical rating of 0 out of 10. CSGP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 90% of all other stocks performed better in the past year than CSGP.
- CSGP is one of the lesser performing stocks in the Real Estate Management & Development industry. 75% of 63 stocks in the same industry do better.
- CSGP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month CSGP has a been trading in the 43.80 - 70.57 range, which is quite wide. It is currently trading near the lows of this range.
- CSGP has an average volume of 6382550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of CSGP is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
49.37
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 49.88 to 49.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @62.13 from a trend line in the daily time frame.
- Resistance @64.51 from a trend line in the daily time frame.
- Resistance @69.20 from a horizontal line in the daily time frame.
- Resistance @96.60 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CSGP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CSGP is down. |
| ChartMill Relative Strength | 10.68 | NEGATIVE | CSGP has a low relative strength, it was outperformed by 89.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CSGP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CSGP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CSGP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.8 | NEUTRAL | The RSI value for CSGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests CSGP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.94 | NEUTRAL | The Stochastics value for CSGP is a neutral value. |
| Average True Range in percent/ATR (20) | 5.97 | HIGH VOLATILITY | The high ATR as a percentage value for CSGP suggests high volalility. |
| Average Directional Index/ADX (14) | 34.38 | POSITIVE | The high ADX value value for CSGP suggests a strong trend. |
49.87
+0.8 (+1.63%)
COSTAR GROUP INC / CSGP FAQ
What is the technical rating for CSGP stock?
ChartMill assigns a technical rating of 0 / 10 to CSGP.
What is the trend direction for CSGP stock?
The current trend direction for COSTAR GROUP INC (CSGP) is Bearish.
What is the RSI signal for CSGP stock?
COSTAR GROUP INC (CSGP) has an RSI value of 36.8002. This indicates that the stock is currently neutral.
What is the buy/sell signal for CSGP stock?
The buy/sell signal for COSTAR GROUP INC (CSGP) is sell as both the short term and long term trends are negative.
What is the support and resistance level for CSGP stock?
COSTAR GROUP INC (CSGP) has a resistance level at 49.88. Check the full technical report for our detailed analysis of CSGP support and resistance levels.