PROGRESSIVE CORP (PGR) Stock Technical Analysis
NYSE:PGR - New York Stock Exchange, Inc. - US7433151039 - Common Stock - Currency: USD
Taking everything into account, PGR scores 2 out of 10 in our technical rating. Although PGR is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month PGR has a been trading in the 262.11 - 289.96 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, PGR did better than 78% of all other stocks.
PGR is one of the better performing stocks in the Insurance industry, it outperforms 71% of 143 stocks in the same industry.
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 3101670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
The technical rating of PGR is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
233.24
294.14
3 important support areas can be observed.
- A support zone ranging from 255.36 to 256.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @241.48 from a horizontal line in the daily time frame.
- A support zone ranging from 235.60 to 235.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @267.90 from a trend line in the weekly time frame.
- A resistance zone ranging from 274.65 to 278.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 283.69 to 286.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 291.22 to 291.23. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for PGR is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PGR is down. |
| ChartMill Relative Strength | 78.83 | POSITIVE | PGR has a high relative strength, it outperformed 78.83% 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 | NEGATIVE | The current price of PGR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PGR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.34 | NEUTRAL | The RSI value for PGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.05 | NEGATIVE | The MACD value suggests PGR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.75 | OVERSOLD | The low Stochastics value suggests PGR may be oversold. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for PGR suggests some volalility. |
| Average Directional Index/ADX (14) | 16.23 | 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)
267.85
-0.57 (-0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.21%
1 Week-4.11%
2 Weeks-5.99%
1 Month-4.73%
3 Month-5.58%
6 Month6.37%
12 Month31.35%
2 Year102.35%
3 Year130.37%
5 Year234.35%
10 Year862.45%
15 Year1330.82%
Volatility
ATR(14)6.23
ATR(20)%2.15%
ATR Inc-28.81%
Range Today3.21
ADR(20)5.72
ADR(20)%2.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.83
Mansfield0.16
10 Day High289.96
10 Day Low262.11
20 Day High289.96
20 Day Low262.11
52 Week High292.99
52 Week Low204.62
CS1 End256.74
CR1 Start267.9
Volume & EV
DER(3)1.47%
DER(5)1.24%
Volume3.15M
Volume Incr37.8%
Vol(5)3.82M
Vol(50)3.10M