PROGRESS SOFTWARE CORP (PRGS)
US7433121008 - Common Stock
Overall PRGS gets a technical rating of 0 out of 10. 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 negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, PRGS is a bad performer in the overall market: 77% of all stocks are doing better.
PRGS is one of the lesser performing stocks in the Software industry. 61% of 276 stocks in the same industry do better.
PRGS is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PRGS is lagging the market.
In the last month PRGS has a been trading in the 49.00 - 53.83 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.
Although the technical rating is bad, PRGS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 52.07. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 50.45, a Stop Loss order could be placed below this zone.
More info and screens
49.16
62.07
When analyzing the support we notice one important area.
- A support zone ranging from 49.66 to 50.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 52.07 to 53.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @56.68 from a trend line in the weekly time frame.
- Resistance @58.37 from a trend line in the daily time frame.
- Resistance @60.02 from a horizontal line in the weekly time frame.
- Resistance @61.46 from a horizontal line 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
CRS23.3
Mansfield-1.69
10 Day High51.81
10 Day Low49
20 Day High53.83
20 Day Low49
52 Week High62.34
52 Week Low49
Performance
1 Week1.02%
2 Weeks-1.88%
1 Month-3.67%
3 Month-13.2%
6 Month0.32%
12 Month-7.62%
2 Year5.67%
3 Year16.12%
5 Year11.16%
10 Year136.25%
15 Year258.9%
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)0.14
RSI(14)42.61
LBB49.88
UBB51.88
PROGRESS SOFTWARE CORP
NASDAQ:PRGS (4/25/2024, 3:30:01 PM)
After market: 50.7 0 (0%)50.7
-0.93 (-1.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.8%
1 Week1.02%
2 Weeks-1.88%
1 Month-3.67%
3 Month-13.2%
6 Month0.32%
12 Month-7.62%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.98
ATR(20)%2.03%
ATR Inc
Range Today0.76
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 High51.81
10 Day Low49
20 Day High53.83
20 Day Low49
52 Week High62.34
52 Week Low49
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume354.26K
Volume Incr-38.97%
Vol(5)470.56K
Vol(50)695.50K