COSTAR GROUP INC. - Daily - Technical analysis published on 10/07/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 570.11 USD
My targets
596.16 USD (+0.67%)
634.26 USD (+7.10%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on COSTAR GROUP INC.. As long as you are above the support located at 570.11 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 596.16 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 634.26 USD as an objective. If the support 570.11 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
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
3.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
COSTAR GROUP INC. rating 592.20 USD. The price has increased by +1.02% since the last closing and was between 577.48 USD and 600.85 USD. This implies that the price is at +2.55% from its lowest and at -1.44% from its highest.577.48
600.85
592.20
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by COSTAR GROUP INC.:
Technical
Technical analysis of this Daily chart of COSTAR GROUP INC. indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 475.26 | 534.72 | 570.11 | 592.20 | 596.16 | 634.26 |
| Change (%) | -19.75% | -9.71% | -3.73% | - | +0.67% | +7.10% |
| Change | -116.94 | -57.48 | -22.09 | - | +3.96 | +42.06 |
| Level | Major | Minor | Major | - | Intermediate | 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 | 569.63 | 577.19 | 581.72 | 589.28 | 593.81 | 601.37 | 605.90 |
| Camarilla | 582.92 | 584.02 | 585.13 | 586.24 | 587.35 | 588.46 | 589.57 |
| Woodie | 568.11 | 576.43 | 580.20 | 588.52 | 592.29 | 600.61 | 604.38 |
| Fibonacci | 577.19 | 581.81 | 584.67 | 589.28 | 593.90 | 596.76 | 601.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 541.52 | 558.88 | 572.56 | 589.93 | 603.61 | 620.97 | 634.65 |
| Camarilla | 577.70 | 580.55 | 583.39 | 586.24 | 589.09 | 591.93 | 594.78 |
| Woodie | 539.67 | 557.96 | 570.72 | 589.00 | 601.76 | 620.05 | 632.81 |
| Fibonacci | 558.88 | 570.74 | 578.07 | 589.93 | 601.78 | 609.11 | 620.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 497.57 | 529.40 | 561.30 | 593.14 | 625.04 | 656.87 | 688.77 |
| Camarilla | 575.67 | 581.52 | 587.36 | 593.20 | 599.04 | 604.89 | 610.73 |
| Woodie | 497.60 | 529.42 | 561.33 | 593.15 | 625.07 | 656.89 | 688.80 |
| Fibonacci | 529.40 | 553.75 | 568.79 | 593.14 | 617.48 | 632.52 | 656.87 |
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): | 49.33 | |
| MACD (12,26,9): | -2.7400 | |
| Directional Movement: | -8.96 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 588.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 570.71 | |
| Elder Ray (13): | -1.68 | |
| Super Trend (3,10): | 620.48 | |
| Zig ZAG (10): | 592.20 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 52.94 | |
| TEMA (21): | 586.66 | |
| Williams %R (14): | -43.02 | |
| Chande Momentum Oscillator (20): | -6.41 | |
| Repulse (5,40,3): | 1.2500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 1.25 |
| MA7: | 589.09 | |
| MA20: | 588.09 | |
| MA50: | 602.99 | |
| MA100: | 578.09 | |
| MAexp7: | 590.25 | |
| MAexp20: | 592.31 | |
| MAexp50: | 591.87 | |
| MAexp100: | 570.63 | |
| Price / MA7: | +0.53% | |
| Price / MA20: | +0.70% | |
| Price / MA50: | -1.79% | |
| Price / MA100: | +2.44% | |
| Price / MAexp7: | +0.33% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | +3.78% |
News
The last news published on COSTAR GROUP INC. at the time of the generation of this analysis was as follows:
- CoStar Group to Report Financial Results for Third Quarter 2019 on October 22, 2019
- CoStar Group to Acquire STR, a Global Leader in Benchmarking & Analytics for the Hospitality Industry
- CoStar Group Donates 100,000 Meals Benefiting Food-Insecure Washington D.C. Residents
- CoStar Group Signs Agreement with Marcus & Millichap for Commercial Real Estate Services in Canada
- CoStar Group, Inc. to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
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