PROGRESSIVE CORP (PGR) Stock Technical Analysis
USA - NYSE:PGR - US7433151039 - Common Stock
225.61 USD
+3.87 (+1.75%)
226 USD
+0.39 (+0.17%)
Overall PGR gets a technical rating of 0 out of 10. PGR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
79% of all other stocks performed better in the past year than PGR.
PGR is one of the lesser performing stocks in the Insurance industry. 68% of 145 stocks in the same industry do better.
PGR is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month PGR has a been trading in the 217.20 - 248.17 range, which is quite wide. It is currently trading near the lows of this range.
PGR has an average volume of 3045730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
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
223.35
287.93
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 236.01 to 252.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @276.94 from a horizontal line in the daily time frame.
- Strong resistance @285.08 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 | DOWN | NEGATIVE | The short term trend for PGR is down. |
| ChartMill Relative Strength | 21.28 | NEGATIVE | PGR has a low relative strength, it was outperformed by 78.72% 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) | 33.77 | NEUTRAL | The RSI value for PGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.02 | NEGATIVE | The MACD value suggests PGR has a negative trend. |
| Stochastics (14,3) | 23.95 | NEUTRAL | The Stochastics value for PGR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for PGR suggests some volalility. |
| Average Directional Index/ADX (14) | 26.26 | POSITIVE | The high ADX value value for PGR suggests a strong 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)
225.61
+3.87 (+1.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.75%
1 Week-6%
2 Weeks-8.18%
1 Month-6.9%
3 Month-8.44%
6 Month-15.01%
12 Month-10.16%
2 Year42.71%
3 Year75.71%
5 Year145.5%
10 Year580.98%
15 Year966.21%
Volatility
ATR(14)5.87
ATR(20)%2.3%
ATR Inc-0.1%
Range Today5.02
ADR(20)4.55
ADR(20)%2.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.28
Mansfield-2.1
10 Day High245.64
10 Day Low217.2
20 Day High248.17
20 Day Low217.2
52 Week High292.99
52 Week Low217.2
CS1 EndN/A
CR1 Start236.01
Volume & EV
DER(3)-1.72%
DER(5)-0.52%
Volume3.50M
Volume Incr80.6%
Vol(5)5.35M
Vol(50)3.05M