CoStar Group, Inc. is a Washington, DC-based provider of information, analytics, and marketing services to the commercial property industry in the United States, Canada, the United Kingdom, France, Germany, and Spain.
Potential to continue, higher.
NASDAQ: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.
Completing the W pattern along a strong trend line
This W pattern may even continue up towards the upper trend line drawn
Bars pattern shows my thoughts in green
CGSP is on the verge of breaking lower.
This chart looks like a perfect risk to reward setup on the downside.
the only caveat is earnings approaching, waiting for the reaction.
The PEAD projected a Bullish outlook for $CSGP after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 71.43%.
CSGP
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...
The PEAD projected a Bullish outlook for $CSGP after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 69.23%.
Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $56.54
Target Price: $54.96
Stop Loss: $58.12
Short (Entry Price) within the sell zone area and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $59.60 / $60.49
Target Price: $58.10 / $58.89
Stop Loss: $62.09
Above blue, you can see the level fixing and then buying long
I do not recommend aggressive buying from the weekly moving ema50, as it may be: 1. the end of the movement. 2. Correction can be up to 70, because RSI MACD clearly started to show decline
Recently split 1 to 10
This 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...
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...
