CoStar stock: buy or sell
Updated on:
Apr 22nd, 2021
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CoStar stock brief
- CoStar closed on Wednesday at $909.25 after scarcely changing a -0.40%.
- CoStar is presenting its earnings report next Tuesday
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 just one buy setup eligible:
ATH buy setup
One of the most recommended trading strategies is to buy on All-time Highs (ATH) breakouts. The good point of buying at all-time highs is that shares price doesn't struggle with upper resistances, and usually it scales fast. However, there's the risk of a bulls trap that may trigger your buy order and then falls sharply. That's why a stop loss is always important. CoStar can break to ATH any time soon, as it only needs to rise a 4.79%. The buy point is at $952.76 if you want to trade with this strategy. Arm your stop-loss at $857.48
| Buy setup | Buy point | Stop loss | Risk |
| ATH buy setup | $952.76 | $857.48 | 10.00% |
Should I sell CoStar stock?
"To sell or not to sell", if you are holding CoStar shares?. Trading strategies help us to avoid impulsive decisions based on our personal sentiments or the noise surrounding the market. Our trading system selects very simple setups to guide us on when is a good moment to sell a stock. Be aware that these setups should not be used for selling short CoStar stock
As a golden rule, you should never mantain an operation that leads to higher than expected losses at the time of purchase. The timing to sell shares always has to be dictated by the stop-loss (automatic or manual)
Is it time to sell CoStar stock?
Currently, CoStar stock doesn't match any of our preferred sell setups, so if you hold CoStar stock and your operation is in profit probably is not time to sell now
CoStar ratings
In the previous month we couldn't find any rating for CoStar
CoStar stock analysis
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
Since the price surpassed the upper band on April 15, the price sliced by 2.39%
Relative strength index
The RSI broke out the oversold line of 30 in early March after just being in the oversold zone for 1 day (what can be considered a strength sign). The RSI reading on Wednesday was 62.93. CoStar stock exploded a 19.88% since that level was surpassed
CoStar stock price history
CoStar went public priced at an adjusted price1 of $9.00 on Jul 1998. Since then, CSGP stock has risen by 10,002.78%, with an average of 454.67% per year. An investment of thousand dollars at that time would have a value of $101,027.78 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for CoStar stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are posted every day by banks, financial institutions and independent analysts.
The following table shows the price predictions released by financial institutions in the last month. If you are a small investor you must not trade based on these projections.
In the last 30 days we couldn't find any price target posted for CoStar stock.
Earnings and financials
CoStar ($CSGP) releases quarterly financial report next Tuesday. Expected for this quarter is $2.40, compared to $2.85 that was reported for Q4.
CoStar ($CSGP) hosted the quarterly earnings call and posted the report last February. CoStar beat consensus earnings estimates and reported of $2.85, that is a 18.26% increase versus the initial forecasts of $2.41. Nevertheless, reported sales of $444.4 million were in line with market predictions.
Same quarter one year ago, reported EPS was $2.82, so recently posted EPS means a gain of 1.06%. Looking at sales, figures exploded a 18.59% compared to $3.7B same quarter 12 months ago.CoStar performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| CoStar ($CSGP) | 8.70% | 0.50% | 7.90% |
Please read:
The viewpoints expressed in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this document does not know the individual scenarios 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 Viewpoints are provided for learning motives onlyCoStar summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $914.48 |
| Close | $909.25 |
| Day range | $905.1 - $918.03 |
| Previous close | $912.93 |
| Session gain | -0.40% |
| Average true range | $25.75 |
| 50d mov avg | $850.78 |
| 100d mov avg | $872.71 |
| 200d mov avg | $849.92 |
| Earnings date | April 27th, 2021 |