PROGRESS SOFTWARE CORP (PRGS) Stock Technical Analysis
NASDAQ:PRGS - Nasdaq - US7433121008 - Common Stock - Currency: USD
Overall PRGS gets a technical rating of 9 out of 10. In the last year, PRGS was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that PRGS is one of the better performing stocks in the market, outperforming 88% of all stocks.
PRGS is part of the Software industry. There are 283 other stocks in this industry. PRGS outperforms 79% of them.
In the last month PRGS has a been trading in the 54.32 - 62.24 range, which is quite wide. It is currently trading near the high of this range.
PRGS is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
Although PRGS has an excellent technical rating, it does not present a decent entry opportunity 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
51.24
70.59
We found 3 important support areas.
- A support zone ranging from 57.81 to 58.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 54.68 to 54.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @51.76 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 69.25 to 69.89. 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
CRS88.1
Mansfield0.52
10 Day High62.24
10 Day Low58.41
20 Day High62.24
20 Day Low54.32
52 Week High70.56
52 Week Low48
Performance
1 Week2.71%
2 Weeks4.55%
1 Month7.63%
3 Month7.99%
6 Month-8.63%
12 Month21.22%
2 Year2.93%
3 Year27.84%
5 Year52.87%
10 Year134.56%
15 Year190.04%
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)0.27
RSI(14)66.98
LBB55.86
UBB63.07
61.76
+0.74 (+1.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.21%
1 Week2.71%
2 Weeks4.55%
1 Month7.63%
3 Month7.99%
6 Month-8.63%
12 Month21.22%
2 Year2.93%
3 Year27.84%
5 Year52.87%
10 Year134.56%
15 Year190.04%
Volatility
ATR(14)1.26
ATR(20)%2.2%
ATR Inc-24.08%
Range Today1.5
ADR(20)1.26
ADR(20)%2.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.1
Mansfield0.52
10 Day High62.24
10 Day Low58.41
20 Day High62.24
20 Day Low54.32
52 Week High70.56
52 Week Low48
CS1 End58.68
CR1 Start69.25
Volume & EV
DER(3)0.69%
DER(5)-0.74%
Volume331.48K
Volume Incr-40.9%
Vol(5)382.86K
Vol(50)701.13K