PROGRESSIVE CORP (PGR) Stock Technical Analysis
NYSE:PGR - New York Stock Exchange, Inc. - US7433151039 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to PGR. 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.
In the last month PGR has a been trading in the 256.01 - 288.35 range, which is quite wide. It is currently trading near the lows of this range.
PGR has an average volume of 3212230 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 comparing the performance of all stocks over the past year, PGR turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
PGR is an average performer in the Insurance industry, it outperforms 61% of 144 stocks in the same industry.
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.
Volume is considerably higher in the last couple of days.
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.
More info and screens
233.24
294.14
We found 2 important support areas.
- Support @255.36 from a horizontal line in the daily time frame.
- A support zone ranging from 235.60 to 235.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 259.63 to 269.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 274.39 to 276.94. 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 283.69 to 286.04. This zone is formed by a combination of multiple trend lines 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.
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 | NEUTRAL | NEUTRAL | The long term trend for PGR is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PGR is down. |
| ChartMill Relative Strength | 54.16 | NEUTRAL | PGR is not amongst the best or worst performers 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) | UP | MIXED | The current price of PGR is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PGR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.36 | NEUTRAL | The RSI value for PGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests PGR has a negative trend. |
| Stochastics (14,3) | 45.57 | NEUTRAL | The Stochastics value for PGR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for PGR suggests some volalility. |
| Average Directional Index/ADX (14) | 22.2 | NEUTRAL | The ADX value for PGR suggests a possible start of a new 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)
257.8
-6.5 (-2.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-2.46%
1 Week-0.72%
2 Weeks-3%
1 Month-10.25%
3 Month0.06%
6 Month6.43%
12 Month22.66%
2 Year104.64%
3 Year124.06%
5 Year185.37%
10 Year745.25%
15 Year1212.63%
Volatility
ATR(14)5.09
ATR(20)%2.15%
ATR Inc56.28%
Range Today7.81
ADR(20)5.4
ADR(20)%2.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.16
Mansfield-0.65
10 Day High267.93
10 Day Low256.02
20 Day High288.35
20 Day Low256.02
52 Week High292.99
52 Week Low207.5
CS1 End258.67
CR1 Start270.56
Volume & EV
DER(3)1.94%
DER(5)2.19%
Volume3.50M
Volume Incr51.88%
Vol(5)5.41M
Vol(50)3.21M