COSTAR GROUP INC (CSGP) Stock Technical Analysis
NASDAQ:CSGP - Nasdaq - US22160N1090 - Common Stock - Currency: USD
Taking everything into account, CSGP scores 8 out of 10 in our technical rating. Although CSGP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
A new 52 week high is currently being made by CSGP, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month CSGP has a been trading in the 79.94 - 91.13 range, which is quite wide. It is currently trading near the high of this range.
CSGP has an average volume of 2881410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, CSGP outperforms 66% of them, which is more or less in line with the market.
CSGP is an average performer in the Real Estate Management & Development industry, it outperforms 69% of 64 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CSGP has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
69.87
91.91
When analyzing the support we can see 5 important areas.
- A support zone ranging from 83.77 to 85.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 79.57 to 79.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 74.72 to 75.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 72.82 to 73.27. This zone is formed by a combination of multiple trend lines 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.
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 | UP | POSITIVE | The short term trend for CSGP is up. |
| ChartMill Relative Strength | 66.64 | NEUTRAL | CSGP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CSGP is above the rising 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) | 76.97 | OVERBOUGHT | The high RSI value suggests CSGP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests CSGP has a positive trend. |
| Stochastics (14,3) | 84.38 | OVERBOUGHT | The high Stochastics value suggests CSGP may be overbought. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for CSGP suggests low volalility. |
| Average Directional Index/ADX (14) | 32.56 | 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
+5.84 (+6.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryReal Estate Management & Development
Performance
% Chg6.86%
1 Week6.88%
2 Weeks7.69%
1 Month12.35%
3 Month9.88%
6 Month22.71%
12 Month15.91%
2 Year8.37%
3 Year25.36%
5 Year7.09%
10 Year352.08%
15 Year1976.2%
Volatility
ATR(14)1.96
ATR(20)%1.99%
ATR Inc152.57%
Range Today2.89
ADR(20)1.62
ADR(20)%1.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.64
Mansfield0.8
10 Day High91.13
10 Day Low83.37
20 Day High91.13
20 Day Low79.94
52 Week High91.13
52 Week Low68.26
CS1 End85.72
CR1 StartN/A
Volume & EV
DER(3)-0.28%
DER(5)-0.49%
Volume6.65M
Volume Incr36.4%
Vol(5)3.66M
Vol(50)2.88M