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. - Daily - Technical analysis published on 07/27/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 63.43 USD

My targets

69.59 USD (+2.97%)

75.85 USD (+12.24%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on COSTAR GROUP INC. as long as the price remains well above 63.43 USD. The buyers' bullish objective is set at 69.59 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 75.85 USD. If there is any crossing, the next objective would be the resistance located at 80.17 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

7.7

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

COSTAR GROUP INC. rating 67.58 USD. The price registered an increase of +11.33% on the session with the lowest point at 63.82 USD and the highest point at 67.69 USD. The deviation from the price is +5.89% for the low point and -0.16% for the high point.

63.82

67.69

67.58

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this COSTAR GROUP INC. chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	52.34	57.99	63.43	67.58	69.59	75.85	80.17
Change (%)	-22.55%	-14.19%	-6.14%	-	+2.97%	+12.24%	+18.63%
Change	-15.24	-9.59	-4.15	-	+2.01	+8.27	+12.59
Level	Major	Intermediate	Major	-	Minor	Major	Intermediate

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	58.88	59.57	60.14	60.83	61.40	62.09	62.66
Camarilla	60.35	60.47	60.59	60.70	60.82	60.93	61.05
Woodie	58.81	59.54	60.07	60.80	61.33	62.06	62.59
Fibonacci	59.57	60.06	60.35	60.83	61.32	61.61	62.09

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	55.45	57.17	59.49	61.21	63.53	65.25	67.57
Camarilla	60.70	61.07	61.44	61.81	62.18	62.55	62.92
Woodie	55.75	57.32	59.79	61.36	63.83	65.40	67.87
Fibonacci	57.17	58.71	59.67	61.21	62.75	63.71	65.25

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	44.97	49.50	54.95	59.48	64.93	69.46	74.91
Camarilla	57.67	58.58	59.50	60.41	61.33	62.24	63.16
Woodie	45.44	49.73	55.42	59.71	65.40	69.69	75.38
Fibonacci	49.50	53.31	55.66	59.48	63.29	65.64	69.46

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):	68.04
MACD (12,26,9):	0.9300
Directional Movement:	20.18
AROON (14):	64.29
DEMA (21):	62.39
Parabolic SAR (0,02-0,02-0,2):	57.25
Elder Ray (13):	3.86
Super Trend (3,10):	59.04
Zig ZAG (10):	67.69
VORTEX (21):	0.9600
Stochastique (14,3,5):	77.56
TEMA (21):	63.17
Williams %R (14):	-1.18
Chande Momentum Oscillator (20):	6.13
Repulse (5,40,3):	6.4000
ROCnROLL:	1
TRIX (15,9):	0.1200
Courbe Coppock:	3.88

MA7:	62.51
MA20:	61.22
MA50:	59.84
MA100:	61.00
MAexp7:	62.75
MAexp20:	61.35
MAexp50:	60.81
MAexp100:	62.57
Price / MA7:	+8.11%
Price / MA20:	+10.39%
Price / MA50:	+12.93%
Price / MA100:	+10.79%
Price / MAexp7:	+7.70%
Price / MAexp20:	+10.15%
Price / MAexp50:	+11.13%
Price / MAexp100:	+8.01%

Quotes : - 15 min delayed data - 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:

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

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