CSGP
CSGP, MACD Histogram just turned positiveThis is a Bullish indicator signaling CSGP's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron A.I. dvisor identified 57 similar cases where CSGP's MACD histogram became positive, and 43 of them led to successful outcomes. Odds of Success: 75%. Current price $859.78 is above $852.96 the highest resistance line found by Tickeron A.I. Throughout the month of 08/26/20 - 09/28/20, the price experienced a +2% Uptrend. During the week of 09/21/20 - 09/28/20, the stock enjoyed a +4% Uptrend growth.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 22, 2020. You may want to consider a long position or call options on CSGP as a result. In 73 of 95 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 77%.
The Moving Average Convergence Divergence (MACD) for CSGP just turned positive on September 28, 2020. Looking at past instances where CSGP's MACD turned positive, the stock continued to rise, Tickeron AI shows that in 43 of 57 cases over the following month. The odds of a continued upward trend are 75%.
Following a +4.64% 3-day Advance, the price is estimated to grow further. Considering data from situations where CSGP advanced for three days, in 250 of 345 cases, the price rose further within the following month. The odds of a continued upward trend are 72%.
CSGP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 53%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.44.
The Tickeron Profit vs. Risk Rating rating for this company is 4 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock better than average.
The Tickeron PE Growth Rating for this company is 28 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 33 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 41 (best 1 - 100 worst), indicating steady price growth. CSGP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 89 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.46) is normal, around the industry mean (3.51). P/E Ratio (105.54) is within average values for comparable stocks, (139.98). CSGP's Projected Growth (PEG Ratio) (44.75) is very high in comparison to the industry average of (2.60). Dividend Yield (0.00) settles around the average of (0.11) among similar stocks. P/S Ratio (17.68) is also within normal values, averaging (7.36).
Potentially nice fallMain signals for selling the stock:
1-double top tested the inclined resistance
2-breakout of 210.00 horizontal support
3-consolidation and potential flag formation
Sell the breakout of flag's bottom line after its formation
Stop loss +1 tic over the flag's high price
Target 190.00 (sizing targeting+strong support level approaches)