Red day on Friday for CoStar Group
(Updated on Nov 26, 2021)
Sell candidate since 2021-11-18 Loss -4.66% PDF
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|
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On Oct 27, 2021 "Truist" gave "$98.00 - $110.00" rating for CSGP. The price target was changed from $90.15 to 9.6%.
CSGP Insider Trading
|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|
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Accumulated Volume Support & Resistance Levels
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