PROGRESSIVE CORP (PGR) Stock Technical Analysis
NYSE:PGR - New York Stock Exchange, Inc. - US7433151039 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to PGR. In the last year, PGR was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, PGR did better than 91% of all other stocks. On top of that, PGR also shows a nice and consistent pattern of rising prices.
PGR is one of the better performing stocks in the Insurance industry, it outperforms 80% of 143 stocks in the same industry.
PGR is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so PGR slightly outperforms the market at the moment.
In the last month PGR has a been trading in the 247.98 - 289.88 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
PGR has an average volume of 3486950 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. 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 283.70. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 268.25, a Stop Loss order could be placed below this zone.
More info and screens
233.24
294.14
5 important support areas can be observed.
- A support zone ranging from 266.59 to 268.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 259.98 to 261.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 250.98 to 255.36. 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.
- 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 283.70 to 285.08. 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.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.07
Mansfield1.33
10 Day High283.5
10 Day Low254.21
20 Day High289.88
20 Day Low247.98
52 Week High292.99
52 Week Low201.34
Performance
1 Week4.73%
2 Weeks-2.2%
1 Month-3.33%
3 Month9.39%
6 Month11.07%
12 Month29.16%
2 Year97.64%
3 Year151.1%
5 Year248.75%
10 Year911.18%
15 Year1241.86%
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)-0.47
RSI(14)49.51
LBB256.47
UBB280.94
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 |
|---|---|---|---|
| 285.09 | 266.58 | 18.51 (6.49%) | 15.40% |
| An entry @285.09. This is a Buy Stop order right above the resistance zone. | An exit @266.58. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 18.51 points, which is 6.49%. | For a 1.00% total portfolio risk, you can invest 15.40% of your capital in this trade. |
- 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.
269.58
+4.57 (+1.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.72%
1 Week4.73%
2 Weeks-2.2%
1 Month-3.33%
3 Month9.39%
6 Month11.07%
12 Month29.16%
2 Year97.64%
3 Year151.1%
5 Year248.75%
10 Year911.18%
15 Year1241.86%
Volatility
ATR(14)8.52
ATR(20)%3.62%
ATR Inc-53.02%
Range Today4.22
ADR(20)9.21
ADR(20)%3.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.07
Mansfield1.33
10 Day High283.5
10 Day Low254.21
20 Day High289.88
20 Day Low247.98
52 Week High292.99
52 Week Low201.34
CS1 End268.25
CR1 Start283.7
Volume & EV
DER(3)0.78%
DER(5)1.18%
Volume2.10M
Volume Incr-42.23%
Vol(5)2.29M
Vol(50)3.49M