PROGRESSIVE CORP (PGR) 132.51 +1.25 (+0.95%)
132.51 +1.25 (+0.95%)
US7433151039 - Common Stock - After market: 132.51 0 (0%)
Technical Rating
Overall PGR gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PGR is showing a nice and steady performance.
Statistics
Support/Resistance Analysis
95.52
- A support zone ranging from 124.85 to 128.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 119.37 to 119.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 115.89 to 115.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @96.48 from a trend line in the weekly time frame.
- A resistance zone ranging from 132.52 to 132.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
Setup Analysis
Setup Rating
PGR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 132.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 128.73, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Possible Trading Setup
The following trade can be suggested based on the decent technical rating and setup score.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 132.53 | 127.28 | 5.25 (3.96%) | 25.00% |
| An entry @132.53. This is a Buy Stop order right above the resistance zone. | An exit @127.28. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.25 points, which is 3.96%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.99%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
PROGRESSIVE CORP132.51
NYSE:PGR (12/2/2022, 7:04:00 PM)+1.25 (+0.95%)
| GICS Sector | Financials | ||
| GICS Industry | Insurance | ||
| Today | 0.95% | 1 Week | 0.71% |
| 2 Weeks | 3.51% | 1 Month | 4.08% |
| 3 Month | 8.25% | 6 Month | 11.25% |
| ATR(14) | 3.21 | ATR(20)% | 2.48% |
| ATR Inc | 26.41% | Range Today | 2.79 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| CRS | 93.56 | Mansfield | 1.6 |
| 10 Day High | 134.5 | 10 Day Low | 127.29 |
| 20 Day High | 134.5 | 20 Day Low | 120.26 |
| 52 Week High | 134.5 | 52 Week Low | 94.11 |
| CS1 End | 128.73 | CR1 Start | 132.52 |
| DER(3) | 0.75% | DER(5) | 0.87% |
| Volume | 1.25M | Volume Incr | -5.12% |
| Vol(5) | 2.35M | Vol(50) | 2.61M |
Technical Stock Screener Links
Technical Stock Screener
Find stocks with similar TA and Setup ratings on the USA
Best Technical Competitors Stock Screener
Find the competitors with the best technical ratings on the USA
Best Technical Setups Competitors Stock Screener
Find the competitors with the best technical and setup ratings on the USA