PROGRESSIVE CORP (PGR)

US7433151039 - Common Stock

126.875  -1.62 (-1.26%)

Technical Rating

1

Overall PGR gets a technical rating of 1 out of 10. PGR has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.



PGR has an average volume of 2998670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When compared to the yearly performance of all other stocks, PGR outperforms 64% of them, which is more or less in line with the market.
PGR is an average performer in the Insurance industry, it outperforms 63% of 141 stocks in the same industry.
PGR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PGR is lagging the market slightly.
In the last month PGR has a been trading in the 120.73 - 137.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Statistics

1 Month 3 Months 6 Months 12 Months -5.80% -9.39% -2.34% 6.77% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 64.62 108.64 - 149.87
PGR Weekly chart
PGR Daily chart

Support/Resistance Analysis


121.75

148.77
We found 2 important support areas.
  • A support zone ranging from 125.05 to 126.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @122.98 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
  • A resistance zone ranging from 128.48 to 129.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 132.19 to 137.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 145.64 to 147.30. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

3

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.


PGR Daily chart

PROGRESSIVE CORP

NYSE:PGR (5/30/2023, 12:31:09 PM)

126.875

-1.62 (-1.26%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-1.26%
1 Week-4.86%
2 Weeks-3.7%
1 Month-5.8%
3 Month-9.39%
6 Month-2.34%
12 Month6.77%
Volatility
ATR(14)3.13
ATR(20)%3.02%
ATR Inc-6.48%
Range Today2
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.62
Mansfield-0.56
10 Day High137.9
10 Day Low128.26
20 Day High137.9
20 Day Low120.73
52 Week High149.87
52 Week Low108.64
CS1 End128.48
CR1 Start129.22
Volume & EV
DER(3)-2.92%
DER(5)-1.61%
Volume1.77M
Volume Incr-19.25%
Vol(5)2.70M
Vol(50)3.00M
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