PROGRESSIVE CORP (PGR)

US7433151039 - Common Stock

203.91  +0.73 (+0.36%)

After market: 203.91 0 (0%)

Technical Rating and Analysis

7

Overall PGR gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

In the last month PGR has a been trading in the 202.95 - 217.77 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that PGR is one of the better performing stocks in the market, outperforming 89% of all stocks. On top of that, PGR also shows a nice and consistent pattern of rising prices.
PGR is part of the Insurance industry. There are 140 other stocks in this industry. PGR outperforms 87% of them.
PGR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PGR is lagging the market slightly.
PGR has an average volume of 2743550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Weekly and Daily overview Charts
PGR Weekly chart
PGR Daily chart
Setup Rating and Analysis

5

Although PGR has an excellent technical rating, the quality of the presented setup is not ideal 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.

Support and Resistance Analysis

114.73

218.07

4 important support areas can be observed.

  • A support zone ranging from 203.17 to 203.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @191.69 from a trend line in the weekly time frame.
  • Support @185.06 from a trend line in the daily time frame.
  • Support @115.89 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 3 important areas.

  • Resistance @204.65 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 208.13 to 210.11. 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 214.69 to 215.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.55
Mansfield1.1
10 Day High217.65
10 Day Low202.95
20 Day High217.77
20 Day Low202.95
52 Week High217.77
52 Week Low111.41
Performance
1 Week-2.54%
2 Weeks-5.49%
1 Month-1.98%
3 Month6.59%
6 Month24.55%
12 Month58.7%
2 Year70.81%
3 Year105.8%
5 Year157.2%
10 Year714.66%
15 Year1164.17%
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)
Technical Indicators
MACD(12,26,9)-1.25
RSI(14)41.63
LBB201.75
UBB218.56
PGR Daily chart

PROGRESSIVE CORP

NYSE:PGR (5/24/2024, 7:04:00 PM)

After market: 203.91 0 (0%)

203.91

+0.73 (+0.36%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.36%
1 Week-2.54%
2 Weeks-5.49%
1 Month-1.98%
3 Month6.59%
6 Month24.55%
12 Month58.7%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)3.59
ATR(20)%1.94%
ATR Inc
Range Today1.99
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High217.65
10 Day Low202.95
20 Day High217.77
20 Day Low202.95
52 Week High217.77
52 Week Low111.41
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.72M
Volume Incr-12.33%
Vol(5)2.14M
Vol(50)2.74M