PROGRESS SOFTWARE CORP (PRGS) Technical Analysis
NASDAQ:PRGS • US7433121008
Current stock price
PRGS Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to PRGS. PRGS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, PRGS is a bad performer in the overall market: 93% of all stocks are doing better.
- PRGS is one of the lesser performing stocks in the Software industry. 72% of 272 stocks in the same industry do better.
- PRGS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month PRGS has a been trading in the 23.82 - 32.23 range, which is quite wide. It is currently trading near the high of this range.
- PRGS has an average volume of 1192420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PRGS Weekly and Daily overview Charts
PRGS Setup Rating and Analysis
The technical rating of PRGS 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
PRGS Support and Resistance Analysis
26.38
We found 1 important support area.
- Support @26.65 from a horizontal line in the daily time frame.
6 important resistance areas can be observed.
- A resistance zone ranging from 30.93 to 31.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @40.50 from a trend line in the weekly time frame.
- Resistance @41.77 from a trend line in the daily time frame.
- A resistance zone ranging from 43.26 to 43.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @45.10 from a horizontal line in the daily time frame.
- Resistance @55.85 from a trend line in the weekly time frame.
PRGS Technical Indicator Signal Analysis
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 | 7.19 | NEGATIVE | PRGS has a low relative strength, it was outperformed by 92.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PRGS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PRGS is below 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) | 48.43 | NEUTRAL | The RSI value for PRGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.78 | POSITIVE | The MACD value suggests PRGS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.12 | OVERBOUGHT | The high Stochastics value suggests PRGS may be overbought. |
| Average True Range in percent/ATR (20) | 6.28 | HIGH VOLATILITY | The high ATR as a percentage value for PRGS suggests high volalility. |
| Average Directional Index/ADX (14) | 27.73 | POSITIVE | The high ADX value value for PRGS suggests a strong trend. |
PRGS Chart- and CandleStick Pattern Analysis
PRGS Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:PRGS (4/22/2026, 10:52:56 AM)
30.04
-0.03 (-0.1%)
PROGRESS SOFTWARE CORP / PRGS TA 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.
What is the RSI signal for PRGS stock?
PROGRESS SOFTWARE CORP (PRGS) has an RSI value of 48.4284. This indicates that the stock is currently neutral.
What is the MACD signal for PROGRESS SOFTWARE CORP (PRGS) stock?
The MACD indicator for PROGRESS SOFTWARE CORP (PRGS) has a value of 0.777259, indicating a bearish trend.
What are the support and resistance levels for PROGRESS SOFTWARE CORP (PRGS) stock?
PROGRESS SOFTWARE CORP (PRGS) has a support level at 26.65 and a resistance level at 30.93. Check the full technical report for our detailed analysis of PRGS support and resistance levels.