Taking everything into account, CSGP scores 1 out of 10 in our technical rating. CSGP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, CSGP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 68.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 67.81, a Stop Loss order could be placed below this zone.
More info and screens
66.58
We found 1 important support area.
- A support zone ranging from 67.25 to 67.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 68.21 to 69.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 73.12 to 74.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @76.25 from a trend 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 | 16.56 | NEGATIVE | CSGP has a low relative strength, it was outperformed by 83.44% off all stocks 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) | 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) | 42.7 | NEUTRAL | The RSI value for CSGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.54 | POSITIVE | The MACD value suggests CSGP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.54 | NEUTRAL | The Stochastics value for CSGP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for CSGP suggests some volalility. |
| Average Directional Index/ADX (14) | 37.38 | POSITIVE | The high ADX value value for CSGP suggests a strong trend. |
68.01
-0.18 (-0.26%)
COSTAR GROUP INC / CSGP FAQ
What is the technical rating for CSGP stock?
ChartMill assigns a technical rating of 1 / 10 to CSGP.
Can you provide the trend direction for COSTAR GROUP INC?
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 42.6973. This indicates that the stock is currently neutral.
Can you provide the MACD signal for COSTAR GROUP INC?
The MACD indicator for COSTAR GROUP INC (CSGP) has a value of 0.539462, indicating a bearish trend.
What is the buy/sell signal for COSTAR GROUP INC (CSGP) stock?
The buy/sell signal for COSTAR GROUP INC (CSGP) is sell as both the short term and long term trends are negative.