COSTAR GROUP INC. - 1H - Technical analysis published on 10/28/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 75.85 USD
My targets
73.30 USD (-1.54%)
70.58 USD (-5.20%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 75.85 USD remains possible. It is advisable to trade COSTAR GROUP INC. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 75.85 USD. The next bearish objective for sellers is set at 73.30 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 70.58 USD. In case of crossing, the next objective would be the support located at 68.26 USD. PS: if there is a bullish break in the resistance located at 75.85 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
COSTAR GROUP INC. rating 74.45 USD. The price registered a decrease of -0.04% on the session and was between 73.49 USD and 74.74 USD. This implies that the price is at +1.31% from its lowest and at -0.39% from its highest.73.49
74.74
74.45
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this COSTAR GROUP INC. chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 6 are bullish, 8 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 68.26 | 70.58 | 73.30 | 74.45 | 75.85 | 77.67 | 79.47 |
| Change (%) | -8.31% | -5.20% | -1.54% | - | +1.88% | +4.33% | +6.74% |
| Change | -6.19 | -3.87 | -1.15 | - | +1.40 | +3.22 | +5.02 |
| Level | Minor | 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 | 71.93 | 72.89 | 73.69 | 74.65 | 75.45 | 76.41 | 77.21 |
| Camarilla | 74.00 | 74.16 | 74.32 | 74.48 | 74.64 | 74.80 | 74.96 |
| Woodie | 71.84 | 72.85 | 73.60 | 74.61 | 75.36 | 76.37 | 77.12 |
| Fibonacci | 72.89 | 73.57 | 73.98 | 74.65 | 75.33 | 75.74 | 76.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 57.73 | 62.99 | 68.74 | 74.00 | 79.75 | 85.01 | 90.76 |
| Camarilla | 71.45 | 72.46 | 73.47 | 74.48 | 75.49 | 76.50 | 77.51 |
| Woodie | 57.97 | 63.11 | 68.98 | 74.12 | 79.99 | 85.13 | 91.00 |
| Fibonacci | 62.99 | 67.20 | 69.80 | 74.00 | 78.21 | 80.81 | 85.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 65.68 | 69.63 | 72.54 | 76.49 | 79.40 | 83.35 | 86.26 |
| Camarilla | 73.55 | 74.18 | 74.81 | 75.44 | 76.07 | 76.70 | 77.33 |
| Woodie | 65.15 | 69.37 | 72.01 | 76.23 | 78.87 | 83.09 | 85.73 |
| Fibonacci | 69.63 | 72.25 | 73.87 | 76.49 | 79.11 | 80.73 | 83.35 |
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): | 50.31 | |
| MACD (12,26,9): | -0.1900 | |
| Directional Movement: | -1.19 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 73.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 75.26 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 72.21 | |
| Zig ZAG (10): | 74.42 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 25.84 | |
| TEMA (21): | 74.17 | |
| Williams %R (14): | -57.14 | |
| Chande Momentum Oscillator (20): | -0.11 | |
| Repulse (5,40,3): | 0.7800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 0.06 |
| MA7: | 75.59 | |
| MA20: | 75.66 | |
| MA50: | 76.40 | |
| MA100: | 75.62 | |
| MAexp7: | 74.09 | |
| MAexp20: | 74.16 | |
| MAexp50: | 74.85 | |
| MAexp100: | 75.43 | |
| Price / MA7: | -1.51% | |
| Price / MA20: | -1.60% | |
| Price / MA50: | -2.55% | |
| Price / MA100: | -1.55% | |
| Price / MAexp7: | +0.49% | |
| Price / MAexp20: | +0.39% | |
| Price / MAexp50: | -0.53% | |
| Price / MAexp100: | -1.30% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on COSTAR GROUP INC. at the time of the analysis were as follows:
- Shareholder Alert: Ademi LLP investigates whether Matterport, Inc. has obtained a Fair Price in its transaction with CoStar Group
- 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.
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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