PROGRESSIVE CORP (PGR)
US7433151039 - Common Stock
Taking everything into account, PGR scores 10 out of 10 in our technical rating. 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 term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that PGR is one of the better performing stocks in the market, outperforming 92% of all 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 141 other stocks in this industry. PGR outperforms 91% of them.
PGR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PGR is performing more or less in line with the market.
PGR has an average volume of 2647930 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 207.48 - 229.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, PGR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 214.50, a Stop Loss order could be placed below this zone.
More info and screens
114.73
221.55
3 important support areas can be observed.
- A support zone ranging from 210.23 to 214.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 202.43 to 206.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @115.89 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 216.84 to 219.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.58
Mansfield0.89
10 Day High229
10 Day Low208.37
20 Day High229
20 Day Low207.48
52 Week High229
52 Week Low124.06
Performance
1 Week-1.67%
2 Weeks1.12%
1 Month2.05%
3 Month3.68%
6 Month20.21%
12 Month72.5%
2 Year87.45%
3 Year126.65%
5 Year166.34%
10 Year820.14%
15 Year1284.34%
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)
Technical Indicators
MACD(12,26,9)-0.12
RSI(14)53.4
LBB206.67
UBB223.76
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 219.37 | 210.22 | 9.15 (4.17%) | 23.97% |
| An entry @219.37. This is a Buy Stop order right above the resistance zone. | An exit @210.22. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 9.15 points, which is 4.17%. | For a 1.00% total portfolio risk, you can invest 23.97% of your capital in this trade. |
- 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.
PROGRESSIVE CORP
NYSE:PGR (7/26/2024, 7:04:00 PM)
After market: 215.68 0 (0%)215.68
+2.91 (+1.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.37%
1 Week-1.67%
2 Weeks1.12%
1 Month2.05%
3 Month3.68%
6 Month20.21%
12 Month72.5%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)5.59
ATR(20)%2.26%
ATR Inc
Range Today3.23
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High229
10 Day Low208.37
20 Day High229
20 Day Low207.48
52 Week High229
52 Week Low124.06
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.97M
Volume Incr-8.73%
Vol(5)2.52M
Vol(50)2.65M