COSTAR GROUP INC. - Daily - Technical analysis published on 10/31/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 75.85 USD
My targets
69.58 USD (-6.01%)
65.85 USD (-11.05%)
My analysis
The bearish trend is currently very strong for COSTAR GROUP INC.. As long as the price remains below the resistance at 75.85 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 69.58 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 65.85 USD as an objective. Crossing it would then enable sellers to target 53.08 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
COSTAR GROUP INC. rating 74.03 USD. The price has increased by +4.58% since the last closing with the lowest point at 71.00 USD and the highest point at 74.05 USD. The deviation from the price is +4.27% for the low point and -0.03% for the high point.71.00
74.05
74.03
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of COSTAR GROUP INC. in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 4 are neutral and 8 are bearish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 53.08 | 65.85 | 69.58 | 74.03 | 75.85 | 77.88 | 81.99 |
| Change (%) | -28.30% | -11.05% | -6.01% | - | +2.46% | +5.20% | +10.75% |
| Change | -20.95 | -8.18 | -4.45 | - | +1.82 | +3.85 | +7.96 |
| Level | Major | Major | Major | - | Intermediate | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.83 | 68.63 | 69.71 | 70.51 | 71.59 | 72.39 | 73.47 |
| Camarilla | 70.27 | 70.45 | 70.62 | 70.79 | 70.96 | 71.14 | 71.31 |
| Woodie | 67.97 | 68.70 | 69.85 | 70.58 | 71.73 | 72.46 | 73.61 |
| Fibonacci | 68.63 | 69.35 | 69.79 | 70.51 | 71.23 | 71.67 | 72.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 60.22 | 63.79 | 67.18 | 70.75 | 74.14 | 77.71 | 81.10 |
| Camarilla | 68.67 | 69.30 | 69.94 | 70.58 | 71.22 | 71.86 | 72.49 |
| Woodie | 60.14 | 63.75 | 67.10 | 70.71 | 74.06 | 77.67 | 81.02 |
| Fibonacci | 63.79 | 66.45 | 68.09 | 70.75 | 73.41 | 75.05 | 77.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 65.36 | 70.57 | 73.73 | 78.94 | 82.10 | 87.31 | 90.47 |
| Camarilla | 74.59 | 75.36 | 76.12 | 76.89 | 77.66 | 78.43 | 79.19 |
| Woodie | 64.34 | 70.06 | 72.71 | 78.43 | 81.08 | 86.80 | 89.45 |
| Fibonacci | 70.57 | 73.77 | 75.74 | 78.94 | 82.14 | 84.11 | 87.31 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.38 | |
| MACD (12,26,9): | -2.1500 | |
| Directional Movement: | -14.78 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 72.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 76.95 | |
| Elder Ray (13): | -1.57 | |
| Super Trend (3,10): | 76.75 | |
| Zig ZAG (10): | 73.89 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 28.68 | |
| TEMA (21): | 71.53 | |
| Williams %R (14): | -57.40 | |
| Chande Momentum Oscillator (20): | -6.41 | |
| Repulse (5,40,3): | 5.9400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2800 | |
| Courbe Coppock: | 19.91 |
| MA7: | 72.08 | |
| MA20: | 76.69 | |
| MA50: | 78.69 | |
| MA100: | 81.90 | |
| MAexp7: | 72.74 | |
| MAexp20: | 75.25 | |
| MAexp50: | 77.89 | |
| MAexp100: | 79.14 | |
| Price / MA7: | +2.71% | |
| Price / MA20: | -3.47% | |
| Price / MA50: | -5.92% | |
| Price / MA100: | -9.61% | |
| Price / MAexp7: | +1.77% | |
| Price / MAexp20: | -1.62% | |
| Price / MAexp50: | -4.96% | |
| Price / MAexp100: | -6.46% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on COSTAR GROUP INC. at the time of the generation of this analysis was as follows:
- CoStar Group’s Andy Florance Wins Gold Stevie® Award in 2023 International Business Awards®
- CoStar Group Partners with Richmond Public Schools to Provide School Supplies for More than 35,000 Students
- CoStar Group Appoints Angelique Brunner to Board of Directors
- CoStar Group Second Quarter 2023 Revenue Increased 13% Year-over-Year and Net New Bookings Were $82 Million. CoStar Group Reaches 105 Million Monthly Visitors.
- Ten-X Announces Season 2 of “Battle of the Bids” Property Auction Competition with Enhanced Features and Larger Prizes
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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