COSTAR GROUP INC (CSGP) Stock Technical Analysis
NASDAQ:CSGP - US22160N1090 - Common Stock
91.22 USD
+2.86 (+3.24%)
91.25 USD
+0.03 (+0.03%)
Taking everything into account, CSGP scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
CSGP is one of the better performing stocks in the Real Estate Management & Development industry, it outperforms 72% of 63 stocks in the same industry.
CSGP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CSGP is lagging the market slightly.
CSGP has an average volume of 2949810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CSGP is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month CSGP has a been trading in the 84.57 - 97.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although CSGP has an excellent technical rating, the quality of the presented setup is not ideal 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
69.87
97.80
When analyzing the support we can see 5 important areas.
- A support zone ranging from 89.03 to 89.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 86.79 to 87.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 75.63 to 75.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong support @73.27 from a horizontal line in the daily time frame.
- A support zone ranging from 70.58 to 71.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @94.60 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 96.60 to 96.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for CSGP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CSGP is neutral. |
| ChartMill Relative Strength | 80.75 | POSITIVE | CSGP has a high relative strength, it outperformed 80.75% 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) | UP | POSITIVE | The current price of CSGP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CSGP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.83 | NEUTRAL | The RSI value for CSGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.73 | NEGATIVE | The MACD value suggests CSGP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.6 | NEUTRAL | The Stochastics value for CSGP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for CSGP suggests some volalility. |
| Average Directional Index/ADX (14) | 33.41 | POSITIVE | The high ADX value value for CSGP suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
91.22
+2.86 (+3.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryReal Estate Management & Development
Performance
% Chg3.24%
1 Week1.74%
2 Weeks-3.47%
1 Month-1.88%
3 Month23.29%
6 Month18.79%
12 Month18.48%
2 Year11.26%
3 Year30.99%
5 Year7.49%
10 Year415.25%
15 Year2110.32%
Volatility
ATR(14)2.3
ATR(20)%2.39%
ATR Inc-5.17%
Range Today2.98
ADR(20)2.14
ADR(20)%2.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.75
Mansfield0.59
10 Day High94.95
10 Day Low84.57
20 Day High97.43
20 Day Low84.57
52 Week High97.43
52 Week Low68.26
CS1 End89.66
CR1 Start94.6
Volume & EV
DER(3)1.89%
DER(5)3.26%
Volume2.88M
Volume Incr-23.79%
Vol(5)2.60M
Vol(50)2.95M