PROGRESSIVE CORP (PGR)
US7433151039 - Common Stock
Overall PGR gets a technical rating of 10 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 and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that PGR is one of the better performing stocks in the market, outperforming 92% of all 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 92% of 140 stocks in the same industry.
PGR is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so PGR is leading the market.
PGR has an average volume of 2764820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month PGR has a been trading in a tight range between 202.09 and 212.24.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, PGR also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 211.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 207.18, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PGR in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
114.73
213.12
3 important support areas can be observed.
- A support zone ranging from 202.25 to 207.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 182.83 to 183.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @115.89 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 211.01 to 211.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.38
Mansfield2.34
10 Day High212.24
10 Day Low202.09
20 Day High212.24
20 Day Low202.09
52 Week High212.24
52 Week Low111.41
Performance
1 Week1.44%
2 Weeks-0.78%
1 Month1.77%
3 Month22.91%
6 Month35.06%
12 Month52.62%
2 Year94.78%
3 Year107.58%
5 Year167.59%
10 Year762.35%
15 Year1268.59%
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)-0.78
RSI(14)61.28
LBB202.48
UBB213.14
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 |
|---|---|---|---|
| 211.02 | 202.24 | 8.78 (4.16%) | 24.03% |
| An entry @211.02. This is a Buy Stop order right above the resistance zone. | An exit @202.24. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 8.78 points, which is 4.16%. | When investing 24.03% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
PROGRESSIVE CORP
NYSE:PGR (4/17/2024, 7:18:57 PM)
After market: 209.12 0 (0%)209.12
+0.77 (+0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.37%
1 Week1.44%
2 Weeks-0.78%
1 Month1.77%
3 Month22.91%
6 Month35.06%
12 Month52.62%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)3.81
ATR(20)%1.65%
ATR Inc
Range Today2.44
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 High212.24
10 Day Low202.09
20 Day High212.24
20 Day Low202.09
52 Week High212.24
52 Week Low111.41
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume3.55M
Volume Incr36.61%
Vol(5)3.92M
Vol(50)2.76M