$CSGP with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:CSGP after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
CCCoStar Group, Inc.
81.79USDR
+0.72+0.89%
Last update at Jun 11, 23:40 GMT
USD
No tradesPre-market
CSGP trade ideas
Potentially nice fallMain signals for selling the stock:
1-double top tested the inclined resistance
2-breakout of 210.00 horizontal support
3-consolidation and potential flag formation
Sell the breakout of flag's bottom line after its formation
Stop loss +1 tic over the flag's high price
Target 190.00 (sizing targeting+strong support level approaches)
CSGPNASDAQ:CSGP back over 9ema and a DT line break. SP500, QNET Internet Index stock
CoStar Group, Inc. provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America.
CSGP 9/30/2022CSGP
Daily chart analysis
It’s crazy to see how overvalued some stocks are, even the good companies.
CSGP was one of the companies born in the last market crash back in 2000-2010.
CSGP went into its uptrend mid 2010/start of 2011 at around 5.00
It continued its uptrend until it topped out at 21.50 in 2014.
Between 2014 thru 2017, price entered a sideways market. It ends up breaking up and out to continue its uptrend. The sideways market is deemed an Accumulation stage.
Price continues to climb during its uptrend until reaching 94.00 on Jul.’20.
Price then starts to move sideways between 79.00-94.00 and in Jan.’22, price breaks down from support of sideways market. The sideways market is deemed a Distribution stage.
Now for the 1st time since mid-2010, price is no longer in an uptrend but entering a downtrend.
After breaking down from support area of 79.00, price fell to 54.00 where it finds support and bounces.
Price pulls back to previous support area of 70.00. Sellers are looking to bounce off previous support and turn it into resistance.
As the price continued to climb during the pullback to previous support, we see the MACD is no longer following the price action. Price kept moving up but is losing momentum as it approaches support of 79.00. This has created a bearish MACD divergence with the price action.
At a level of resistance and losing momentum, expect a reversal. This is my cue to enter trade short.
Will be taking swing to previous lows of 54.00
Entering trade short.
Entry: 69.82
Stop loss: 75.76
Target: 54.50, +21.84%, 2.53 RR ratio
CSGP, MACD Histogram just turned positiveThis is a Bullish indicator signaling CSGP's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron A.I. dvisor identified 57 similar cases where CSGP's MACD histogram became positive, and 43 of them led to successful outcomes. Odds of Success: 75%. Current price $859.78 is above $852.96 the highest resistance line found by Tickeron A.I. Throughout the month of 08/26/20 - 09/28/20, the price experienced a +2% Uptrend. During the week of 09/21/20 - 09/28/20, the stock enjoyed a +4% Uptrend growth.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 22, 2020. You may want to consider a long position or call options on CSGP as a result. In 73 of 95 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 77%.
The Moving Average Convergence Divergence (MACD) for CSGP just turned positive on September 28, 2020. Looking at past instances where CSGP's MACD turned positive, the stock continued to rise, Tickeron AI shows that in 43 of 57 cases over the following month. The odds of a continued upward trend are 75%.
Following a +4.64% 3-day Advance, the price is estimated to grow further. Considering data from situations where CSGP advanced for three days, in 250 of 345 cases, the price rose further within the following month. The odds of a continued upward trend are 72%.
CSGP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 53%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.44.
The Tickeron Profit vs. Risk Rating rating for this company is 4 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock better than average.
The Tickeron PE Growth Rating for this company is 28 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 33 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 41 (best 1 - 100 worst), indicating steady price growth. CSGP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 89 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.46) is normal, around the industry mean (3.51). P/E Ratio (105.54) is within average values for comparable stocks, (139.98). CSGP's Projected Growth (PEG Ratio) (44.75) is very high in comparison to the industry average of (2.60). Dividend Yield (0.00) settles around the average of (0.11) among similar stocks. P/S Ratio (17.68) is also within normal values, averaging (7.36).
BUY zone.Why CoStar Group Inc (NASDAQ:CSGP) Is A Financially Healthy Company
Simply Wall St. Simply Wall St.•October 3, 2018
With a market capitalization of US$15.31b, CoStar Group Inc (NASDAQ:CSGP) is a large-cap stock, which is considered by most investors as a safe bet. Common characteristics for these big stocks are their strong balance sheet and high market liquidity, which means there’s plenty of stocks available to the public for trading. In times of low liquidity in the market, these firms won’t be left high and dry. They are also relatively unaffected by increases in interest rates. Today I will analyse the latest financial data for CSGP to determine is solvency and liquidity and whether the stock is a sound investment.
