PROGRESSIVE CORP (PGR) Technical Analysis
NYSE:PGR • US7433151039
Current stock price
PGR Technical Rating and Analysis
Overall PGR gets a technical rating of 1 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: 83% of all stocks are doing better.
- PGR is part of the Insurance industry. There are 148 other stocks in this industry, of which 70% 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 200.01 - 214.97 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- PGR has an average volume of 3529150 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
Although the technical rating is bad, PGR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 203.91, a Stop Loss order could be placed below this zone.
More info and screens
PGR Support and Resistance Analysis
199.01
We found 1 important support area.
- A support zone ranging from 201.02 to 203.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 207.22 to 216.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @220.46 from a trend line in the daily time frame.
- Resistance @234.86 from a horizontal line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for PGR is neutral. |
| ChartMill Relative Strength | 17.84 | NEGATIVE | PGR has a low relative strength, it was outperformed by 82.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PGR is below the rising 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) | 45.14 | NEUTRAL | The RSI value for PGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests PGR has a negative trend. |
| Stochastics (14,3) | 33.5 | NEUTRAL | The Stochastics value for PGR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for PGR suggests some volalility. |
| Average Directional Index/ADX (14) | 20.14 | NEUTRAL | The ADX value for PGR suggests a possible start of a new trend. |
PGR Chart- and CandleStick Pattern Analysis
PGR Technicals: Chart, Performance Metrics, Trend & Indicators
204.71
-0.46 (-0.22%)
PROGRESSIVE CORP / PGR TA FAQ
What is the technical rating for PGR stock?
ChartMill assigns a technical rating of 1 / 10 to PGR.
Can you provide the trend direction for PROGRESSIVE CORP?
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 45.1386. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for PROGRESSIVE CORP?
PROGRESSIVE CORP (PGR) has a support level at 203.91 and a resistance level at 207.22. Check the full technical report for our detailed analysis of PGR support and resistance levels.