CoStar stock: buy or sell
Updated on:
Jan 18th, 2021
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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
Supports and resistances
The current resistance levels are:
The current support levels are:
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
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.
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 $94,857.78 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for CoStar stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis predicting how a particular stock will performance in the future.
The following table shows the price forecasts posted by financial institutions over the last 30 days. Again, these forecasts are not direct recommendations for individual traders and should not be followed blindly.
We don't have any target price posted in the last month for CoStar.
Earnings and financials
Last October, CoStar Group, Inc. ($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 $2.42, that is a 7.08% higher than Q3.
CoStar performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| CoStar ($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 onlyCoStar 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 date | February 23rd, 2021 |