PROGRESSIVE CORP (PGR) Stock Technical Analysis
NYSE:PGR - US7433151039 - Common Stock
244.69 USD
-1.34 (-0.54%)
244.69 USD
0 (0%)
Overall PGR gets a technical rating of 1 out of 10. PGR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
83% of all other stocks performed better in the past year than PGR.
PGR is one of the lesser performing stocks in the Insurance industry. 73% of 143 stocks in the same industry do better.
PGR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month PGR has a been trading in the 239.59 - 254.93 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
PGR has an average volume of 3701480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PGR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 242.72, a Stop Loss order could be placed below this zone.
More info and screens
237.31
287.93
We found 1 important support area.
- A support zone ranging from 239.71 to 242.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 245.22 to 253.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @276.94 from a horizontal line in the daily time frame.
- A resistance zone ranging from 283.69 to 285.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for PGR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PGR is down. |
| ChartMill Relative Strength | 17.17 | NEGATIVE | PGR has a low relative strength, it was outperformed by 82.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PGR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PGR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PGR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.79 | NEUTRAL | The RSI value for PGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests PGR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 25.32 | NEUTRAL | The Stochastics value for PGR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.71 | LOW VOLATILITY | The low ATR as a percentage value for PGR suggests low volalility. |
| Average Directional Index/ADX (14) | 15.22 | NEGATIVE | The low ADX value for PGR suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
244.69
-1.34 (-0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.54%
1 Week-3.16%
2 Weeks-1.81%
1 Month1.23%
3 Month-14.12%
6 Month-13.23%
12 Month-2.98%
2 Year83.33%
3 Year99.5%
5 Year157.46%
10 Year716.72%
15 Year1135.81%
Volatility
ATR(14)4.17
ATR(20)%1.71%
ATR Inc-32.24%
Range Today3
ADR(20)4.11
ADR(20)%1.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.17
Mansfield-1.41
10 Day High254.93
10 Day Low243.07
20 Day High254.93
20 Day Low239.59
52 Week High292.99
52 Week Low228.54
CS1 End242.72
CR1 Start245.22
Volume & EV
DER(3)1.33%
DER(5)0.27%
Volume1.74M
Volume Incr-15.95%
Vol(5)2.71M
Vol(50)3.70M