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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 87% of all other stocks performed better in the past year than PRGS.
- PRGS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- PRGS is an average performer in the Software industry, it outperforms 42% of 276 stocks in the same industry.
- In the last month PRGS has a been trading in the 39.60 - 44.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, PRGS does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for PRGS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
39.02
2 important support areas can be observed.
- Support @40.61 from a horizontal line in the weekly time frame.
- Support @39.41 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 42.10 to 43.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @44.81 from a horizontal line in the weekly time frame.
- Resistance @46.11 from a horizontal line in the daily time frame.
- Resistance @46.88 from a horizontal line in the daily time frame.
- Resistance @58.39 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 | NEUTRAL | NEUTRAL | The short term trend for PRGS is neutral. |
| ChartMill Relative Strength | 13.64 | NEGATIVE | PRGS has a low relative strength, it was outperformed by 86.36% 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) | 43.36 | NEUTRAL | The RSI value for PRGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests PRGS has a negative trend. |
| Stochastics (14,3) | 66.1 | NEUTRAL | The Stochastics value for PRGS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for PRGS suggests some volalility. |
| Average Directional Index/ADX (14) | 14.42 | NEGATIVE | The low ADX value for PRGS suggests a weak or negative trend. |
NASDAQ:PRGS (1/15/2026, 12:11:47 PM)
41.44
+0.02 (+0.05%)
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 current trend direction of PROGRESS SOFTWARE CORP (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 43.3587. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PROGRESS SOFTWARE CORP?
The MACD indicator for PROGRESS SOFTWARE CORP (PRGS) has a value of -0.0759048, indicating a bearish trend.
What is the short term momentum for PRGS stock?
The short term momentum for PROGRESS SOFTWARE CORP (PRGS) is neutral.