Taking everything into account, CSGP scores 0 out of 10 in our technical rating. 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.
The technical rating of CSGP is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
57.91
4 important resistance areas can be observed.
- A resistance zone ranging from 65.05 to 65.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 67.01 to 67.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 68.73 to 69.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | 14.21 | NEGATIVE | CSGP has a low relative strength, it was outperformed by 85.79% 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) | 26.32 | OVERSOLD | The low RSI value suggests CSGP may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.62 | NEGATIVE | The MACD value suggests CSGP has a negative trend. |
| Stochastics (14,3) | 5.09 | OVERSOLD | The low Stochastics value suggests CSGP may be oversold. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for CSGP suggests some volalility. |
| Average Directional Index/ADX (14) | 40.8 | POSITIVE | The high ADX value value for CSGP suggests a strong trend. |
58.49
-2.87 (-4.68%)
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 26.3158. This indicates that the stock is currently oversold.
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 65.05. Check the full technical report for our detailed analysis of CSGP support and resistance levels.