PROGRESSIVE CORP (PGR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PGR - US7433151039 - Common Stock
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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 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 149 other stocks in this industry, of which 73% are performing better than PGR.
- 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 200.74 - 230.54 range, which is quite wide. It is currently trading near the lows of this range.
- PGR has an average volume of 3243190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PGR has a poor technical rating and the quality of the setup is also only medium 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
200.34
When analyzing the support we notice one important area.
- A support zone ranging from 202.36 to 202.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @203.91 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 209.56 to 209.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 226.32 to 229.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @250.10 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 | 17.78 | NEGATIVE | PGR has a low relative strength, it was outperformed by 82.22% 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) | 30.53 | NEUTRAL | The RSI value for PGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.8 | NEGATIVE | The MACD value suggests PGR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.93 | OVERSOLD | The low Stochastics value suggests PGR may be oversold. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for PGR suggests some volalility. |
| Average Directional Index/ADX (14) | 38.27 | POSITIVE | The high ADX value value for PGR suggests a strong trend. |
202.37
-1.15 (-0.57%)
PROGRESSIVE CORP / PGR FAQ
What is the technical rating for PGR stock?
ChartMill assigns a technical rating of 0 / 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 30.5299. This indicates that the stock is currently neutral.
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.
What are the support and resistance levels for PROGRESSIVE CORP (PGR) stock?
PROGRESSIVE CORP (PGR) has a support level at 202.36 and a resistance level at 203.91. Check the full technical report for our detailed analysis of PGR support and resistance levels.