COSTAR GROUP INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	CSGP
ISIN:

COSTAR GROUP INC. - 1H - Technical analysis published on 02/29/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 85.75 USD

My targets

88.20 USD (+2.21%)

90.14 USD (+4.46%)

My analysis

COSTAR GROUP INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 85.75 USD. The next resistance located at 88.20 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 90.14 USD. After this resistance, buyers could then target 91.80 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.4

Comment on the analysis

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.

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Additional analysis

Quotes

The COSTAR GROUP INC. rating is 86.29 USD. On the day, this instrument lost -0.07% and was traded between 85.86 USD and 87.20 USD over the period. The price is currently at +0.50% from its lowest and -1.04% from its highest.

85.86

87.20

86.29

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this COSTAR GROUP INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : 1 hour

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	84.16	85.75	86.29	86.29	88.20	90.14	91.80
Change (%)	-2.47%	-0.63%	0%	-	+2.21%	+4.46%	+6.39%
Change	-2.13	-0.54	0	-	+1.91	+3.85	+5.51
Level	Intermediate	Major	Major	-	Intermediate	Minor	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	82.57	83.40	84.88	85.71	87.19	88.02	89.50
Camarilla	85.72	85.93	86.14	86.35	86.56	86.77	86.99
Woodie	82.89	83.56	85.20	85.87	87.51	88.18	89.82
Fibonacci	83.40	84.29	84.83	85.71	86.60	87.14	88.02

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	73.89	76.86	80.82	83.79	87.75	90.72	94.68
Camarilla	82.88	83.52	84.16	84.79	85.43	86.06	86.70
Woodie	74.40	77.11	81.33	84.04	88.26	90.97	95.19
Fibonacci	76.86	79.50	81.14	83.79	86.43	88.07	90.72

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	73.44	76.81	80.14	83.51	86.84	90.21	93.54
Camarilla	81.64	82.25	82.87	83.48	84.09	84.71	85.32
Woodie	73.43	76.80	80.13	83.50	86.83	90.20	93.53
Fibonacci	76.81	79.37	80.95	83.51	86.07	87.65	90.21

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	68.15
MACD (12,26,9):	0.7400
Directional Movement:	22.75
AROON (14):	92.86
DEMA (21):	86.42
Parabolic SAR (0,02-0,02-0,2):	85.38
Elder Ray (13):	0.57
Super Trend (3,10):	84.44
Zig ZAG (10):	86.73
VORTEX (21):	1.1700
Stochastique (14,3,5):	86.70
TEMA (21):	86.69
Williams %R (14):	-14.19
Chande Momentum Oscillator (20):	1.86
Repulse (5,40,3):	1.3600
ROCnROLL:	1
TRIX (15,9):	0.1100
Courbe Coppock:	4.70

MA7:	84.75
MA20:	83.49
MA50:	84.14
MA100:	82.11
MAexp7:	86.29
MAexp20:	85.48
MAexp50:	84.42
MAexp100:	83.78
Price / MA7:	+1.82%
Price / MA20:	+3.35%
Price / MA50:	+2.56%
Price / MA100:	+5.09%
Price / MAexp7:	-0%
Price / MAexp20:	+0.95%
Price / MAexp50:	+2.22%
Price / MAexp100:	+3.00%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on COSTAR GROUP INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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