PROGRESS SOFTWARE CORP (PRGS) Stock Technical Analysis
USA - NASDAQ:PRGS - US7433121008 - Common Stock
Taking everything into account, PRGS scores 0 out of 10 in our technical rating. 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.
PRGS has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 42.43. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 41.93, a Stop Loss order could be placed below this zone.
More info and screens
40.56
We found 1 important support area.
- A support zone ranging from 40.97 to 41.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 42.43 to 42.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 44.75 to 45.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 46.11 to 46.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @60.02 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 | DOWN | NEGATIVE | The short term trend for PRGS is down. |
| ChartMill Relative Strength | 13.47 | NEGATIVE | PRGS has a low relative strength, it was outperformed by 86.53% 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 | 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) | 41.12 | NEUTRAL | The RSI value for PRGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests PRGS has a negative trend. |
| Stochastics (14,3) | 20.82 | NEUTRAL | The Stochastics value for PRGS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for PRGS suggests some volalility. |
| Average Directional Index/ADX (14) | 20.99 | NEUTRAL | The ADX value for PRGS suggests a possible start of a new trend. |
42.02
-0.28 (-0.66%)
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 trend direction for 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 41.1155. This indicates that the stock is currently neutral.
What is the buy/sell signal for PRGS stock?
The buy/sell signal for PROGRESS SOFTWARE CORP (PRGS) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for PROGRESS SOFTWARE CORP?
PROGRESS SOFTWARE CORP (PRGS) has a support level at 41.93 and a resistance level at 42.43. Check the full technical report for our detailed analysis of PRGS support and resistance levels.