PROGRESS SOFTWARE CORP (PRGS) Stock Technical Analysis
NASDAQ:PRGS - US7433121008 - Common Stock
46.7 USD
+1.99 (+4.45%)
46.7 USD
0 (0%)
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.
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: 91% of all stocks are doing better.
PRGS is one of the lesser performing stocks in the Software industry. 74% of 283 stocks in the same industry do better.
PRGS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
PRGS has an average volume of 1056020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month PRGS has a been trading in the 42.88 - 50.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
PRGS has a poor technical rating and the quality of the setup is also not perfect 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
46.23
67.05
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 46.71 to 46.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 62.19 to 62.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @63.72 from a horizontal line in the daily time frame.
- Resistance @66.39 from a horizontal line in the daily 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 | 9.38 | NEGATIVE | PRGS has a low relative strength, it was outperformed by 90.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PRGS is above 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) | 47.64 | NEUTRAL | The RSI value for PRGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.52 | POSITIVE | The MACD value suggests PRGS has a positive trend. |
| Stochastics (14,3) | 59.03 | NEUTRAL | The Stochastics value for PRGS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for PRGS suggests some volalility. |
| Average Directional Index/ADX (14) | 34.45 | POSITIVE | The high ADX value value for PRGS suggests a strong 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)
46.7
+1.99 (+4.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg4.45%
1 Week2.12%
2 Weeks6.33%
1 Month-8.1%
3 Month-23.53%
6 Month-15.24%
12 Month-19.2%
2 Year-23.24%
3 Year-2.97%
5 Year23.25%
10 Year72.39%
15 Year162.26%
Volatility
ATR(14)1.4
ATR(20)%3.07%
ATR Inc0.93%
Range Today1.89
ADR(20)1.41
ADR(20)%3.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.38
Mansfield-2.85
10 Day High46.79
10 Day Low43.12
20 Day High50.98
20 Day Low42.88
52 Week High70.56
52 Week Low42.88
CS1 EndN/A
CR1 Start46.71
Volume & EV
DER(3)0.19%
DER(5)0.45%
Volume749.30K
Volume Incr-28.03%
Vol(5)660.60K
Vol(50)1.06M