COSTAR GROUP INC (CSGP) Stock Technical Analysis
NASDAQ:CSGP - Nasdaq - US22160N1090 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to CSGP. 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.
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 is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
CSGP has an average volume of 3161620 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 56% 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 62% of 65 stocks in the same industry.
CSGP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 80.85, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
68.60
84.05
4 important support areas can be observed.
- A support zone ranging from 79.61 to 80.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 77.89 to 78.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 73.27 to 74.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 69.29 to 71.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 81.14 to 83.22. 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 | 56.13 | 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) | 59.93 | NEUTRAL | The RSI value for CSGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests CSGP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.58 | NEUTRAL | The Stochastics value for CSGP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for CSGP suggests some volalility. |
| Average Directional Index/ADX (14) | 19.04 | NEGATIVE | The low ADX value for CSGP suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 83.23 | 79.60 | 3.63 (4.36%) | 22.93% |
| An entry @83.23. This is a Buy Stop order right above the resistance zone. | An exit @79.60. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.63 points, which is 4.36%. | When investing 22.93% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
81
+0.96 (+1.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryReal Estate Management & Development
Performance
% Chg1.2%
1 Week-1.15%
2 Weeks2.64%
1 Month9.47%
3 Month2.13%
6 Month12.16%
12 Month9.25%
2 Year-8.99%
3 Year34.08%
5 Year13.98%
10 Year302.46%
15 Year1987.63%
Volatility
ATR(14)1.75
ATR(20)%2.17%
ATR Inc-30.38%
Range Today1.53
ADR(20)1.69
ADR(20)%2.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.13
Mansfield0.05
10 Day High83.48
10 Day Low79.02
20 Day High83.48
20 Day Low71.35
52 Week High83.68
52 Week Low68.26
CS1 End80.85
CR1 Start81.14
Volume & EV
DER(3)0.92%
DER(5)-0.28%
Volume2.42M
Volume Incr14.41%
Vol(5)3.30M
Vol(50)3.16M