COSTAR GROUP INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

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Type:	Stocks
Ticker:	CSGP
ISIN:

COSTAR GROUP INC. - Daily - Technical analysis published on 12/06/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 81.99 USD

My targets

86.78 USD (+3.19%)

91.80 USD (+9.16%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on COSTAR GROUP INC.. This is a positive signal for buyers. As long as the price remains above 81.99 USD, a purchase could be considered. The first bullish objective is located at 86.78 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 91.80 USD as an objective. Crossing it would then enable buyers to target 99.74 USD. In the event of a return below 81.99 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.4

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

COSTAR GROUP INC. rating 84.10 USD. On the day, this instrument lost -0.06% with the lowest point at 83.72 USD and the highest point at 85.10 USD. The deviation from the price is +0.45% for the low point and -1.18% for the high point.

83.72

85.10

84.10

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by COSTAR GROUP INC.:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of COSTAR GROUP INC. indicates that the overall trend is bullish. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	75.85	77.88	81.99	84.10	84.16	86.78	91.80
Change (%)	-9.81%	-7.40%	-2.51%	-	+0.07%	+3.19%	+9.16%
Change	-8.25	-6.22	-2.11	-	+0.06	+2.68	+7.70
Level	Intermediate	Major	Intermediate	-	Major	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	81.43	82.32	83.24	84.13	85.05	85.94	86.86
Camarilla	83.65	83.82	83.98	84.15	84.32	84.48	84.65
Woodie	81.44	82.33	83.25	84.14	85.06	85.95	86.87
Fibonacci	82.32	83.02	83.44	84.13	84.83	85.25	85.94

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	80.28	81.37	83.33	84.42	86.38	87.47	89.43
Camarilla	84.44	84.72	85.00	85.28	85.56	85.84	86.12
Woodie	80.71	81.59	83.76	84.64	86.81	87.69	89.86
Fibonacci	81.37	82.54	83.26	84.42	85.59	86.31	87.47

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	62.78	67.53	75.29	80.04	87.80	92.55	100.31
Camarilla	79.60	80.75	81.89	83.04	84.19	85.33	86.48
Woodie	64.28	68.28	76.79	80.79	89.30	93.30	101.81
Fibonacci	67.53	72.31	75.27	80.04	84.82	87.78	92.55

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):	60.65
MACD (12,26,9):	1.8100
Directional Movement:	10.04
AROON (14):	78.57
DEMA (21):	84.78
Parabolic SAR (0,02-0,02-0,2):	83.22
Elder Ray (13):	0.98
Super Trend (3,10):	79.44
Zig ZAG (10):	84.04
VORTEX (21):	1.1400
Stochastique (14,3,5):	70.79
TEMA (21):	85.84
Williams %R (14):	-41.06
Chande Momentum Oscillator (20):	1.30
Repulse (5,40,3):	-0.3200
ROCnROLL:	1
TRIX (15,9):	0.3500
Courbe Coppock:	9.48

MA7:	84.19
MA20:	82.58
MA50:	78.92
MA100:	80.51
MAexp7:	84.17
MAexp20:	82.45
MAexp50:	80.55
MAexp100:	80.16
Price / MA7:	-0.11%
Price / MA20:	+1.84%
Price / MA50:	+6.56%
Price / MA100:	+4.46%
Price / MAexp7:	-0.08%
Price / MAexp20:	+2.00%
Price / MAexp50:	+4.41%
Price / MAexp100:	+4.92%

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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