(CSGP) Long Term Investment Analysis

October 10, 2024, 02:02 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CSGP

• Buy CSGP near 69.72 target 78.08 stop loss @ 69.52 Details

The technical summary data tells us to buy CSGP near 69.72 with an upside target of 78.08. This data also tells us to set a stop loss @ 69.52 to protect against excessive loss in case the stock begins to move against the trade. 69.72 is the first level of support below 75.7 , and by rule, any test of support is a buy signal. In this case, support 69.72 would be being tested, so a buy signal would exist.

• Short CSGP slightly under 78.08, target 69.72, stop loss @ 78.31 Details

The technical summary data is suggesting a short of CSGP as it gets near 78.08 with a downside target of 69.72. We should have a stop loss in place at 78.31though. 78.08 is the first level of resistance above 75.7, and by rule, any test of resistance is a short signal. In this case, if resistance 78.08 is being tested, so a short signal would exist.

Swing Trading Plans for CSGP

• Buy CSGP slightly over 78.08, target 86.55, Stop Loss @ 77.85 Details

If 78.08 begins to break higher, the technical summary data tells us to buy CSGP just slightly over 78.08, with an upside target of 86.55. The data also tells us to set a stop loss @ 77.85 in case the stock turns against the trade. 78.08 is the first level of resistance above 75.7, and by rule, any break above resistance is a buy signal. In this case, 78.08, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CSGP slightly near 78.08, target 75.45, Stop Loss @ 78.31. Details

The technical summary data is suggesting a short of CSGP if it tests 78.08 with a downside target of 75.45. We should have a stop loss in place at 78.31 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 78.08, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CSGP

• Buy CSGP slightly over 76.32, target 78.08, Stop Loss @ 76.14 Details

If 76.32 begins to break higher, the technical summary data tells us to buy CSGP just slightly over 76.32, with an upside target of 78.08. The data also tells us to set a stop loss @ 76.14 in case the stock turns against the trade. 76.32 is the first level of resistance above 75.7, and by rule, any break above resistance is a buy signal. In this case, 76.32, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CSGP slightly near 76.32, target 75.45, Stop Loss @ 76.5. Details

The technical summary data is suggesting a short of CSGP if it tests 76.32 with a downside target of 75.45. We should have a stop loss in place at 76.5 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 76.32, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Costar Group Inc. (CSGP) available here: CSGP.

CSGP Ratings for October 10:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Neutral
P1	0	0	69.72
P2	74.74	73.32	78.08
P3	76.32	75.45	86.55

AI Generated Signals for CSGP

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Technically, Costar Group Inc. (NASDAQ: CSGP) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CSGP change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CSGP is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for CSGP too.  All of these are offered below the Summary Table.