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 11/20/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

17%

My opinion

Bullish above 72.63 USD

My targets

78.00 USD (+3.45%)

79.42 USD (+5.33%)

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 72.63 USD, a purchase could be considered. The first bullish objective is located at 78.00 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 79.42 USD as an objective. Crossing it would then enable buyers to target 84.16 USD. In the event of a return below 72.63 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

5.9

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 75.40 USD. The price has increased by +4.59% since the last closing and was traded between 71.51 USD and 75.79 USD over the period. The price is currently at +5.44% from its lowest and -0.51% from its highest.

71.51

75.79

75.40

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of COSTAR GROUP INC. in 1H shows an overall bullish trend. 64.29% 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 market scanner currently does not detect any result that concerns moving averages.

In fact, 15 technical indicators on 18 studied are currently bullish. 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

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	68.26	70.58	72.63	75.40	75.61	78.00	79.42
Change (%)	-9.47%	-6.39%	-3.67%	-	+0.28%	+3.45%	+5.33%
Change	-7.14	-4.82	-2.77	-	+0.21	+2.60	+4.02
Level	Minor	Major	Major	-	Minor	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	70.26	71.11	71.60	72.45	72.94	73.79	74.28
Camarilla	71.72	71.84	71.97	72.09	72.21	72.34	72.46
Woodie	70.08	71.02	71.42	72.36	72.76	73.70	74.10
Fibonacci	71.11	71.62	71.94	72.45	72.96	73.28	73.79

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	61.93	66.50	68.87	73.44	75.81	80.38	82.75
Camarilla	69.34	69.98	70.61	71.25	71.89	72.52	73.16
Woodie	60.84	65.95	67.78	72.89	74.72	79.83	81.66
Fibonacci	66.50	69.15	70.79	73.44	76.09	77.73	80.38

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	55.92	62.09	67.44	73.61	78.96	85.13	90.48
Camarilla	69.62	70.68	71.73	72.79	73.85	74.90	75.96
Woodie	55.51	61.89	67.03	73.41	78.55	84.93	90.07
Fibonacci	62.09	66.49	69.21	73.61	78.01	80.73	85.13

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):	64.94
MACD (12,26,9):	0.2500
Directional Movement:	16.26
AROON (14):	21.43
DEMA (21):	73.73
Parabolic SAR (0,02-0,02-0,2):	71.75
Elder Ray (13):	1.59
Super Trend (3,10):	72.72
Zig ZAG (10):	75.55
VORTEX (21):	1.2400
Stochastique (14,3,5):	95.61
TEMA (21):	74.43
Williams %R (14):	-7.59
Chande Momentum Oscillator (20):	2.66
Repulse (5,40,3):	2.9500
ROCnROLL:	1
TRIX (15,9):	-0.0600
Courbe Coppock:	5.84

MA7:	74.05
MA20:	74.34
MA50:	75.48
MA100:	75.57
MAexp7:	74.65
MAexp20:	73.65
MAexp50:	74.01
MAexp100:	74.40
Price / MA7:	+1.82%
Price / MA20:	+1.43%
Price / MA50:	-0.11%
Price / MA100:	-0.22%
Price / MAexp7:	+1.00%
Price / MAexp20:	+2.38%
Price / MAexp50:	+1.88%
Price / MAexp100:	+1.34%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on COSTAR GROUP INC. at the time of the analysis were as follows:

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

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