Taking everything into account, PRGS scores 0 out of 10 in our technical rating. PRGS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
PRGS has a poor technical rating and the quality of the setup is also not perfect 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
39.02
3 important support areas can be observed.
- A support zone ranging from 42.53 to 42.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @40.61 from a horizontal line in the weekly time frame.
- Support @39.41 from a horizontal line in the daily time frame.
6 important resistance areas can be observed.
- A resistance zone ranging from 43.23 to 43.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @44.10 from a trend line in the daily time frame.
- Resistance @44.81 from a horizontal line in the weekly time frame.
- Resistance @46.11 from a horizontal line in the daily time frame.
- Strong resistance @46.88 from a horizontal line in the daily time frame.
- Resistance @58.57 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for PRGS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PRGS is neutral. |
| ChartMill Relative Strength | 15.74 | NEGATIVE | PRGS has a low relative strength, it was outperformed by 84.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PRGS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PRGS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PRGS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.51 | NEUTRAL | The RSI value for PRGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests PRGS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.34 | NEUTRAL | The Stochastics value for PRGS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for PRGS suggests some volalility. |
| Average Directional Index/ADX (14) | 16.94 | NEGATIVE | The low ADX value for PRGS suggests a weak or negative trend. |
42.85
+1.33 (+3.2%)
PROGRESS SOFTWARE CORP / PRGS FAQ
What is the ChartMill technical rating of PROGRESS SOFTWARE CORP (PRGS) stock?
ChartMill assigns a technical rating of 0 / 10 to PRGS.
What is the current trend direction of PROGRESS SOFTWARE CORP (PRGS) stock?
The current trend direction for PROGRESS SOFTWARE CORP (PRGS) is Bearish.
Can you provide the RSI signal for PROGRESS SOFTWARE CORP?
PROGRESS SOFTWARE CORP (PRGS) has an RSI value of 50.5136. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PROGRESS SOFTWARE CORP?
The MACD indicator for PROGRESS SOFTWARE CORP (PRGS) has a value of -0.192856, indicating a bearish trend.
What is the short term momentum for PRGS stock?
The short term momentum for PROGRESS SOFTWARE CORP (PRGS) is neutral.