CSGP CoStar Group Chart, History Price & Graph

Key Takeaways

• CSGP remains in a pronounced downtrend, trading well below its key moving averages, including the 50-day SMA at 38.85 and 200-day SMA at 40.06.
• RSI(14) at 34.31 signals oversold conditions, while Williams %R at -85.82 reinforces potential exhaustion in selling pressure.
• MACD(12,26) at -0.74 confirms bearish momentum, with ADX(14) at 45.57 indicating a strong directional trend.
• Key support cluster around 36.41 (S1 pivot), with immediate resistance at 36.74 (R1) and nearby 37.00 zone; recent close at 36.44 on below-average volume of 4.34 million shares.

Trend Analysis

CoStar Group, Inc. (CSGP) has exhibited a clear bearish trend over recent months, with the stock declining approximately 46% year-to-date and approaching its 52-week low near 34.75. Price action over the last 30 days shows continued weakness, marked by lower highs and lows within a descending channel. The stock recently closed at 36.44, reflecting a 2.51% daily drop amid sustained selling. This structure suggests traders remain cautious, with no immediate signs of reversal despite proximity to major lows.

Support and Resistance Levels

Critical support levels are forming around the daily pivot S1 at 36.41 and S2 at 36.19, aligning with recent lows and potential demand zones near 36.00. A breakdown below 36.07 (S3) could accelerate toward the 52-week low. On the upside, resistance begins at the pivot point of 36.52 and R1 at 36.74, followed by denser supply at the 5-day SMA of 36.40 and broader 37.00-37.07 (R3) area. Higher resistance looms from the 20-day SMA at 37.34, where prior consolidation occurred.

Moving Averages

All major moving averages signal sell, with CSGP positioned below the 10-day SMA (36.64), 50-day SMA (38.85), 100-day SMA (38.50), and 200-day SMA (40.06). Only the simple 5-day MA at 36.40 flashes a tentative buy, hinting at short-term stabilization potential. Exponential MAs reinforce the bearish alignment, underscoring the absence of bullish crossover support. These levels act as overhead caps, pressuring any attempted recoveries.

Momentum Indicators

Momentum remains firmly bearish, led by a MACD line at -0.74 and STOCH(9,6) at 21.16, both in sell territory. RSI(14) at 34.31 nears oversold but has yet to generate divergence, while CCI(14) at -82.43 and Ultimate Oscillator at 34.69 indicate persistent downside bias. High ADX reading of 45.57 confirms trend strength, though Williams %R oversold status may prompt short-term pauses in the decline.

Volume and Market Activity

Trading volume has moderated to 4.34 million shares, below the three-month average of 6.49 million, suggesting waning participation in the recent selloff. This lower volume on down days could signal reduced conviction, potentially setting up for consolidation or a volume-backed bounce if support holds.

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Technical Outlook and Key Levels to Watch

Traders will monitor the 36.41 support zone closely for signs of stabilization or breakdown, with a hold potentially targeting R1 at 36.74 and 37.34 MA resistance. A failure here eyes lower pivots and 34.75 lows. Watch RSI for oversold bounces, MACD for histogram shifts, and volume for confirmation of any directional move. The prevailing downtrend persists until price reclaims the 38.00-40.00 MA cluster.

Disclaimer

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