PROGRESSIVE CORP (PGR)       132.51  +1.25 (+0.95%)

132.51  +1.25 (+0.95%)

US7433151039 - Common Stock - After market: 132.51 0 (0%)

Technical Rating

10

Overall PGR gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PGR is showing a nice and steady performance.



The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, PGR did better than 93% of all other stocks. On top of that, PGR also shows a nice and consistent pattern of rising prices.
PGR is part of the Insurance industry. There are 143 other stocks in this industry. PGR outperforms 88% of them.
PGR is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
In the last month PGR has a been trading in the 120.26 - 134.50 range, which is quite wide. It is currently trading near the high of this range.
PGR has an average volume of 2611400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Statistics

1 Month 3 Months 6 Months 12 Months 4.08% 8.25% 11.25% 39.16% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 93.56 94.11 - 134.5
PGR Weekly chart
PGR Daily chart

Support/Resistance Analysis


95.52

133.85
When analyzing the support we can see 4 important areas.
  • A support zone ranging from 124.85 to 128.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 119.37 to 119.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 115.89 to 115.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @96.48 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 132.52 to 132.52. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

7

PGR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 132.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 128.73, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
132.53127.285.25 (3.96%)25.00%
An entry @132.53. This is a Buy Stop order right above the resistance zone.An exit @127.28. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 5.25 points, which is 3.96%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.99%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
PGR Daily chart

PROGRESSIVE CORP132.51

NYSE:PGR (12/2/2022, 7:04:00 PM)+1.25 (+0.95%)

After market: 132.51 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Insurance
Performance
Today 0.95% 1 Week 0.71%
2 Weeks 3.51% 1 Month 4.08%
3 Month 8.25% 6 Month 11.25%
Volatility
ATR(14) 3.21 ATR(20)% 2.48%
ATR Inc 26.41% Range Today 2.79
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 93.56 Mansfield 1.6
10 Day High 134.5 10 Day Low 127.29
20 Day High 134.5 20 Day Low 120.26
52 Week High 134.5 52 Week Low 94.11
CS1 End 128.73 CR1 Start 132.52
Volume & EV
DER(3) 0.75% DER(5) 0.87%
Volume 1.25M Volume Incr -5.12%
Vol(5) 2.35M Vol(50) 2.61M

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