PROGRESS SOFTWARE CORP (PRGS) Stock Technical Analysis
NASDAQ:PRGS - Nasdaq - US7433121008 - Common Stock - Currency: USD
Taking everything into account, PRGS scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, PRGS has proven to be a steady performer, scoring decent points in every aspect analyzed.
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 85% of all stocks.
PRGS is part of the Software industry. There are 504 other stocks in this industry. PRGS outperforms 82% of them.
PRGS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PRGS is performing more or less in line with the market.
In the last month PRGS has a been trading in the 59.41 - 64.24 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
Although PRGS has an excellent technical rating, it does not offer a high 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
51.49
64.82
When analyzing the support we can see 3 important areas.
- Support @63.72 from a horizontal line in the daily time frame.
- A support zone ranging from 59.48 to 61.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.01 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 | UP | POSITIVE | The long term trend for PRGS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRGS is up. |
| ChartMill Relative Strength | 85.31 | POSITIVE | PRGS has a high relative strength, it outperformed 85.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRGS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRGS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PRGS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.33 | NEUTRAL | The RSI value for PRGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests PRGS has a positive trend. |
| Stochastics (14,3) | 94.19 | OVERBOUGHT | The high Stochastics value suggests PRGS may be overbought. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for PRGS suggests low volalility. |
| Average Directional Index/ADX (14) | 21.3 | NEUTRAL | The ADX value for PRGS suggests a possible start of a new trend. |
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)
64.18
+0.59 (+0.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.93%
1 Week4.26%
2 Weeks4.73%
1 Month3.92%
3 Month12.14%
6 Month-6.92%
12 Month27.95%
2 Year10.46%
3 Year41.68%
5 Year65.63%
10 Year133.38%
15 Year220.47%
Volatility
ATR(14)1.06
ATR(20)%1.66%
ATR Inc-31.33%
Range Today0.75
ADR(20)1.01
ADR(20)%1.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.31
Mansfield0.24
10 Day High64.24
10 Day Low59.41
20 Day High64.24
20 Day Low59.41
52 Week High70.56
52 Week Low48
CS1 End63.72
CR1 StartN/A
Volume & EV
DER(3)1.68%
DER(5)2.34%
Volume289.60K
Volume Incr-28.11%
Vol(5)312.80K
Vol(50)600.07K