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 9 out of 10. Both in the recent history as in the last year, PGR has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that PGR is one of the better performing stocks in the market, outperforming 90% of all stocks. We also observe that the gains produced by PGR over the past year are nicely spread over this period.
PGR is one of the better performing stocks in the Insurance industry, it outperforms 83% of 143 stocks in the same industry.
PGR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PGR is performing more or less in line with the market.
In the last month PGR has a been trading in the 260.75 - 289.10 range, which is quite wide. It is currently trading near the high of this range.
PGR has an average volume of 3325720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PGR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. 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.
More info and screens
239.07
294.14
We found 4 important support areas.
- A support zone ranging from 274.10 to 280.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 264.55 to 267.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 253.86 to 257.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @241.48 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 283.15 to 286.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 291.22 to 291.23. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.13
Mansfield1.02
10 Day High289.1
10 Day Low274.71
20 Day High289.1
20 Day Low260.75
52 Week High292.99
52 Week Low201.34
Performance
1 Week1.02%
2 Weeks-1.88%
1 Month6.03%
3 Month5.56%
6 Month5.62%
12 Month37.81%
2 Year119.69%
3 Year135.38%
5 Year261.74%
10 Year927.8%
15 Year1334.41%
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)0.11
RSI(14)51.85
LBB278.08
UBB288.57
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 286.05 | 274.70 | 11.35 (3.97%) | 25.00% |
| An entry @286.05. This is a Buy Stop order right above the resistance zone. | An exit @274.70. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 11.35 points, which is 3.97%. | 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.
281
-4.63 (-1.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-1.62%
1 Week1.02%
2 Weeks-1.88%
1 Month6.03%
3 Month5.56%
6 Month5.62%
12 Month37.81%
2 Year119.69%
3 Year135.38%
5 Year261.74%
10 Year927.8%
15 Year1334.41%
Volatility
ATR(14)5.35
ATR(20)%1.97%
ATR Inc-0.62%
Range Today7.47
ADR(20)5.34
ADR(20)%1.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.13
Mansfield1.02
10 Day High289.1
10 Day Low274.71
20 Day High289.1
20 Day Low260.75
52 Week High292.99
52 Week Low201.34
CS1 End280.1
CR1 Start283.15
Volume & EV
DER(3)1%
DER(5)1.88%
Volume3.13M
Volume Incr16.49%
Vol(5)2.90M
Vol(50)3.33M