PROGRESSIVE CORP (PGR) Stock Technical Analysis
NYSE:PGR - New York Stock Exchange, Inc. - US7433151039 - Common Stock - Currency: USD
Overall PGR gets a technical rating of 0 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
73% of all other stocks performed better in the past year than PGR.
PGR is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
PGR has an average volume of 3799890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PGR is part of the Insurance industry. There are 143 other stocks in this industry, PGR did better than 43% of them.
PGR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PGR is lagging the market.
In the last month PGR has a been trading in a tight range between 239.11 and 252.99.
Although the technical rating is bad, PGR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 250.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 242.79, a Stop Loss order could be placed below this zone.
More info and screens
233.25
294.13
When analyzing the support we can see 2 important areas.
- A support zone ranging from 240.96 to 242.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @235.61 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 250.11 to 250.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @276.94 from a horizontal line in the daily time frame.
- A resistance zone ranging from 283.69 to 285.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @291.22 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 | 27.12 | NEGATIVE | PGR has a low relative strength, it was outperformed by 72.88% 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) | 38.84 | NEUTRAL | The RSI value for PGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.48 | POSITIVE | The MACD value suggests PGR has a positive trend. |
| Stochastics (14,3) | 21.75 | NEUTRAL | The Stochastics value for PGR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.7 | LOW VOLATILITY | The low ATR as a percentage value for PGR suggests low volalility. |
| Average Directional Index/ADX (14) | 33.26 | 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)
242.94
+1.36 (+0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.56%
1 Week0.6%
2 Weeks-1.79%
1 Month-3.46%
3 Month-14.61%
6 Month-3.06%
12 Month9.57%
2 Year82.02%
3 Year98.08%
5 Year155.62%
10 Year710.88%
15 Year1126.97%
Volatility
ATR(14)3.88
ATR(20)%1.7%
ATR Inc-27.06%
Range Today3.97
ADR(20)4.07
ADR(20)%1.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.12
Mansfield-1.28
10 Day High251.8
10 Day Low239.11
20 Day High252.99
20 Day Low239.11
52 Week High292.99
52 Week Low220.33
CS1 End242.79
CR1 Start250.11
Volume & EV
DER(3)0.62%
DER(5)0.76%
Volume3.36M
Volume Incr-17.5%
Vol(5)3.19M
Vol(50)3.80M