COSTAR GROUP INC. - 1H - Technical analysis published on 04/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 91.80 USD
My targets
97.65 USD (+2.70%)
99.74 USD (+4.90%)
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 91.80 USD. The next resistance located at 97.65 USD is the next bullish target 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 99.74 USD.
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
0
10
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COSTAR GROUP INC. price is 95.08 USD. The price has increased by +3.56% since the last closing and was traded between 91.69 USD and 95.49 USD over the period. The price is currently at +3.70% from its lowest and -0.43% from its highest.91.69
95.49
95.08
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this COSTAR GROUP INC. chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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
Near resistance of channel
Type : Bearish
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:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 86.56 | 88.32 | 91.80 | 95.08 | 95.53 | 97.65 | 99.74 |
| Change (%) | -8.96% | -7.11% | -3.45% | - | +0.47% | +2.70% | +4.90% |
| Change | -8.52 | -6.76 | -3.28 | - | +0.45 | +2.57 | +4.66 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 86.78 | 89.27 | 90.54 | 93.03 | 94.30 | 96.79 | 98.06 |
| Camarilla | 90.78 | 91.12 | 91.47 | 91.81 | 92.16 | 92.50 | 92.84 |
| Woodie | 86.17 | 88.97 | 89.93 | 92.73 | 93.69 | 96.49 | 97.45 |
| Fibonacci | 89.27 | 90.71 | 91.59 | 93.03 | 94.47 | 95.35 | 96.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 91.70 | 93.09 | 94.85 | 96.24 | 98.00 | 99.39 | 101.15 |
| Camarilla | 95.73 | 96.02 | 96.31 | 96.60 | 96.89 | 97.18 | 97.47 |
| Woodie | 91.88 | 93.18 | 95.03 | 96.33 | 98.18 | 99.48 | 101.33 |
| Fibonacci | 93.09 | 94.30 | 95.04 | 96.24 | 97.45 | 98.19 | 99.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 72.11 | 78.52 | 87.56 | 93.97 | 103.01 | 109.42 | 118.46 |
| Camarilla | 92.35 | 93.77 | 95.18 | 96.60 | 98.02 | 99.43 | 100.85 |
| Woodie | 73.43 | 79.18 | 88.88 | 94.63 | 104.33 | 110.08 | 119.78 |
| Fibonacci | 78.52 | 84.42 | 88.07 | 93.97 | 99.87 | 103.52 | 109.42 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 60.83 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | 5.46 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 94.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 92.09 | |
| Elder Ray (13): | 0.97 | |
| Super Trend (3,10): | 92.79 | |
| Zig ZAG (10): | 95.28 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 85.86 | |
| TEMA (21): | 94.59 | |
| Williams %R (14): | -12.27 | |
| Chande Momentum Oscillator (20): | 0.93 | |
| Repulse (5,40,3): | 0.2600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.97 |
| MA7: | 94.40 | |
| MA20: | 93.15 | |
| MA50: | 87.90 | |
| MA100: | 85.99 | |
| MAexp7: | 94.55 | |
| MAexp20: | 94.15 | |
| MAexp50: | 94.30 | |
| MAexp100: | 93.69 | |
| Price / MA7: | +0.72% | |
| Price / MA20: | +2.07% | |
| Price / MA50: | +8.17% | |
| Price / MA100: | +10.57% | |
| Price / MAexp7: | +0.56% | |
| Price / MAexp20: | +0.99% | |
| Price / MAexp50: | +0.83% | |
| Price / MAexp100: | +1.48% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on COSTAR GROUP INC.. At the time of publication of this analysis, the latest news 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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