CoStar stock: buy or sell

CSGP stock price: $853.72 -1.68% At close on Jan 15th, 2021

Updated on:
Jan 18th, 2021

1

CoStar stock brief

  • CoStar closed last Friday at $853.72 after going down a -1.68%.
  • The price is currently below the lower Bollinger band, which often indicates a near-term rebound that you better not try to trade
  • CoStar Group, Inc. provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom.

Should I buy CoStar stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $CSGP stock a buy?

In the current situation of CoStar there is not any eligible buy setup. This doesn't mean $CSGP will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell CoStar stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies help us to avoid impetuous decisions based on our personal emotions or the buzz that surrounds the market. We like very simple setups to guide us on when is the best moment to sell our shares. Be aware that these setups should not be used for shorting $CSGP stock

A guiding principle is that you must never keep a trading operation that yields higher than expected losses by the time of the buy. When to sell your stock always has to be dictated by the stop-loss (automatic or manual)

Is it time to sell CoStar stock?

In the current situation of CoStar there is not any eligible sell setup, so CoStar stock holders with operations in green can keep their positions

CoStar ratings

In the previous 30 days we couldn't find any rating for CoStar

CoStar stock analysis

SMAs overview

CSGP stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $868.09 (1.68% above)
  • R2: $882.95 (3.42% above)
  • R3: $890.00 (4.25% above)
  • The current support levels are:

  • S1: $840.22 (-1.58% below)
  • S2: $785.43 (-8.00% below)
  • S3: $781.01 (-8.52% below)
  • Bollinger bands

    Price readings both above or below the Bollinger Bands indicate that the price has followed a strong trend that has led to extreme upward or downward values. At this point, the price is below the upper band, which should mean a possible near-term bounce (at least) until it is back above the band

    CSGP stock Bollinger Bands chart

    Relative strength index

    The has been between the levels of 70 and 30 for many weeks, and therefore, without this indicator really serving to help us make any decisions.

    CSGP stock RSI chart

    CoStar stock price history

    CoStar IPO was on Jul 1st, 1998 priced at $9.00 per share1. Since then, CSGP stock has risen by 9,385.78%, with an average of 426.63% per year. An investment of $1,000USD on Jul 1998 would have a value of $94,857.78 today.

    1: Adjusted price after possible price splits or reverse-splits

    CSGP stock price history chart

    Price target for CoStar stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis predicting how a particular stock will performance in the future.

    The following table shows the price forecasts posted by financial institutions over the last 30 days. Again, these forecasts are not direct recommendations for individual traders and should not be followed blindly.

    We don't have any target price posted in the last month for CoStar.

    Earnings and financials

    Last October, CoStar Group, Inc. ($CSGP) posted EPS for that slightly enhanced analysts' expectations. Quarterly EPS was $2.26 per share compared to the forecasted $2.07. This quarterly report represents an earnings surprise of 9.18%. On the contrary, reported sales were $425.6 million, in line with the market estimates.

    Compared to the same quarter one year ago, EPS was $2.61, so current EPS means a loss of -13.41%. Sales exploded a 20.64% on an annualized basis in the , from $3.5B to $4.3B last quarter.

    CoStar ($CSGP) is hosting the earnings call late next February. Analysts expect of $2.42, that is a 7.08% higher than Q3.

    CoStar performance

    CSGP performance compared
    Company1m3m6m
    CoStar ($CSGP) -1.60% -2.30% 21.60%

    Please read:
    The thoughts published in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this text does not have an understanding of the individual positions of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are posted for educative motives only

    CoStar summary

    Friday, January 15th, 2021
    Open$872.62
    Close$853.72
    Day range$851.8 - $877.66
    Previous close$868.28
    Session gain-1.68%
    Average true range$31.60
    50d mov avg$893.18
    100d mov avg$867.41
    200d mov avg$780.75
    Earnings dateFebruary 23rd, 2021

    Frequently asked questions

    What is CoStar stock symbol?

    CoStar Group, Inc. is a public company trading in the US stock market with the CSGP symbol

    Is CoStar stock a buy or sell?

    CoStar had no ratings in the last four weeks Read the article to get additional tips on trading CSGP stock.

    Will CSGP go up?

    There were no forecasts published by analysts in the last 30 days for CoStar.