PROGRESSIVE CORP (PGR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PGR - US7433151039 - Common Stock
224.28 USD
-0.58 (-0.26%)
224.24 USD
-0.04 (-0.02%)
Overall PGR gets a technical rating of 0 out of 10. PGR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, PGR is a bad performer in the overall market: 75% of all stocks are doing better.
PGR is part of the Insurance industry. There are 147 other stocks in this industry, of which 63% are performing better than PGR.
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.
PGR has an average volume of 3726830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month PGR has a been trading in the 218.83 - 237.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, PGR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
201.65
252.60
We found 1 important support area.
- A support zone ranging from 203.69 to 205.99. 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 227.61 to 229.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 234.82 to 236.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @250.10 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for PGR is neutral. |
| ChartMill Relative Strength | 25.81 | NEGATIVE | PGR has a low relative strength, it was outperformed by 74.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PGR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PGR is above 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) | 46.63 | NEUTRAL | The RSI value for PGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests PGR has a negative trend. |
| Stochastics (14,3) | 35.69 | NEUTRAL | The Stochastics value for PGR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for PGR suggests some volalility. |
| Average Directional Index/ADX (14) | 18.36 | 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)
224.28
-0.58 (-0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.26%
1 Week-4.5%
2 Weeks0.62%
1 Month-0.76%
3 Month-7.45%
6 Month-14.4%
12 Month-6.54%
2 Year40.81%
3 Year72.91%
5 Year126.82%
10 Year605.28%
15 Year1028.74%
Volatility
ATR(14)5.09
ATR(20)%2.06%
ATR Inc-21.09%
Range Today3.02
ADR(20)4.22
ADR(20)%1.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.81
3 months CRS26.8
6 months CRS16.66
Mansfield-2.02
10 Day High237.44
10 Day Low218.83
20 Day High237.44
20 Day Low218.83
52 Week High292.99
52 Week Low199.9
CS1 End205.99
CR1 Start227.61
Volume & EV
DER(3)1.38%
DER(5)0.32%
Volume6.28M
Volume Incr41.81%
Vol(5)4.35M
Vol(50)3.73M
PROGRESSIVE CORP / PGR FAQ
What is the technical rating for PGR stock?
ChartMill assigns a technical rating of 0 / 10 to PGR.
What is the trend direction for PGR stock?
The current trend direction for PROGRESSIVE CORP (PGR) is Bearish.
What is the RSI signal for PGR stock?
PROGRESSIVE CORP (PGR) has an RSI value of 46.6257. This indicates that the stock is currently neutral.
What is the short term momentum for PROGRESSIVE CORP (PGR) stock?
The short term momentum for PROGRESSIVE CORP (PGR) is neutral.