PROGRESSIVE CORP (PGR) Technical Analysis
NYSE:PGR • US7433151039
Current stock price
PGR Technical Rating and Analysis
Taking everything into account, PGR scores 0 out of 10 in our technical rating. 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 84% of all other stocks performed better in the past year than PGR.
- PGR is part of the Insurance industry. There are 147 other stocks in this industry, of which 71% are performing better than PGR.
- PGR is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so PGR is lagging the market.
- In the last month PGR has a been trading in the 192.02 - 211.54 range, which is quite wide. It is currently trading near the lows of this range.
- PGR has an average volume of 3387790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PGR Weekly and Daily overview Charts
PGR Setup Rating and Analysis
PGR has a poor technical rating and the quality of the setup is also not perfect 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
PGR Support and Resistance Analysis
193.30
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 201.01 to 207.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 213.67 to 217.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
PGR Technical Indicator Signal Analysis
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 | 16.21 | NEGATIVE | PGR has a low relative strength, it was outperformed by 83.79% 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) | DOWN | NEGATIVE | The current price of PGR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.1 | NEUTRAL | The RSI value for PGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.97 | NEGATIVE | The MACD value suggests PGR has a negative trend. |
| Stochastics (14,3) | 14.49 | OVERSOLD | The low Stochastics value suggests PGR may be oversold. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for PGR suggests some volalility. |
| Average Directional Index/ADX (14) | 31.5 | POSITIVE | The high ADX value value for PGR suggests a strong trend. |
PGR Chart- and CandleStick Pattern Analysis
PGR Technicals: Chart, Performance Metrics, Trend & Indicators
195.25
+1.89 (+0.98%)
PROGRESSIVE CORP / PGR TA FAQ
What is the technical rating for PGR stock?
ChartMill assigns a technical rating of 0 / 10 to PGR.
What is the current trend direction of PROGRESSIVE CORP (PGR) stock?
The current trend direction for PROGRESSIVE CORP (PGR) is Bearish.
What is the RSI signal for PROGRESSIVE CORP (PGR) stock?
PROGRESSIVE CORP (PGR) has an RSI value of 37.0976. 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 negative.
Can you provide the buy/sell signal for PROGRESSIVE CORP?
The buy/sell signal for PROGRESSIVE CORP (PGR) is sell as both the short term and long term trends are negative.