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$77.59 (-2.65%)

Volume: 824k

Closed: Nov 26, 2021

Hollow Logo Score: -2.006

CoStar Group Stock Forecast

$77.59 (-2.65%)

Volume: 824k

Closed: Nov 26, 2021

Score Hollow Logo -2.006
Which way will CSGP go? Request
Key Stats
P/E Ratio 130.15
Beta 1.01
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 80 ] RSI14 is 26 and the stock is currently not being overbought or oversold

Red day on Friday for CoStar Group
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-18 Loss -4.66%

The CoStar Group stock price fell by -2.65% on the last day (Friday, 26th Nov 2021) from $79.70 to $77.59. and has now fallen 3 days in a row. During the day the stock fluctuated 2.80% from a day low at $77.37 to a day high of $79.54. The price has been going up and down for this period, and there has been a -4.97% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -271 thousand shares and in total, 824 thousand shares were bought and sold for approximately $63.95 million.

Given the current short-term trend, the stock is expected to fall -4.98% during the next 3 months and, with a 90% probability hold a price between $73.73 and $93.07 at the end of this 3-month period.

Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The CoStar Group stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $80.45 and $87.17. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, October 26, 2021, and so far it has fallen -22.21%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.17 (2.80%) between high and low. For the last week, the stock has had a daily average volatility of 1.83%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is CoStar Group stock A Buy?

CoStar Group holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.006

Predicted Opening Price for CoStar Group of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$78.17 $77.59 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Oct 27, 2021 "Truist" gave "$98.00 - $110.00" rating for CSGP. The price target was changed from $90.15 to 9.6%.

Volatility and Risk
Daily Average Volatility: 1.83 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.83 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $83.25
Price: $77.59
No Support Found

CSGP Insider Trading Show all Trades

INSIDER POWER

0.329

Last 100 transactions
Buy: 141 819 | Sell: 431 673 (Shares)
Date Action Amount Person Type
Nov 11, 2021 Sell 85 Wheeler Scott T Common Stock, par value $0.01 per share
Nov 10, 2021 Sell 2 120 Nassetta Christopher J Common Stock, par value $0.01 per share
Nov 05, 2021 Sell 4 040 Kaplan Laura Cox Common Stock, par value $0.01 per share
Oct 29, 2021 Sell 9 235 Hill John W Common Stock, par value $0.01 per share
Sep 15, 2021 Buy 3 070 Nassetta Christopher J Common Stock, par value $0.01 per share
Show all Insider Trades
INSIDER POWER

0.329

Last 100 transactions
Buy: 141 819 | Sell: 431 673 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 80.34 3.54 %
79.51 2.47 %
79.00 1.81 %
Current price: 77.59
Support 77.34 -0.33 %
76.83 -0.99 %
76.00 -2.05 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 89.82 15.76 %
89.38 15.20 %
83.25 7.29 %
Current price 77.59
Support 0 .
0 .
0 .

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About CoStar Group

CoStar Group CoStar Group, Inc. provides information, analytics, and online marketplace services to the commercial real estate industry in the United States, Canada, the United Kingdom, Spain, and France. The company offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land. It also provides CoStar COMPS Professional, which offers coverage of comparable commercial real estate sales i... Read more

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