Evaluating NYSE:PGR for high Growth Investment Opportunities.

PROGRESSIVE CORP (NYSE:PGR) has been identified as a Technical Breakout Setup Pattern by our stock screener. This pattern typically occurs when a stock takes a pause after a significant rise, indicating the possibility of a continuation in the trend. While it's impossible to predict with certainty, it might be beneficial to monitor NYSE:PGR.

Analyzing the Technical Aspects

As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various technical indicators and properties.

Overall PGR gets a technical rating of 7 out of 10. PGR was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

• The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
• When comparing the yearly performance of all stocks, we notice that PGR is one of the better performing stocks in the market, outperforming 81% of all stocks. On top of that, PGR also shows a nice and consistent pattern of rising prices.
• PGR is one of the better performing stocks in the Insurance industry, it outperforms 76% of 144 stocks in the same industry.
• PGR 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 PGR is performing more or less in line with the market.
• In the last month PGR has a been trading in the 228.54 - 247.74 range, which is quite wide. It is currently trading near the high of this range.

Check the latest full technical report of PGR for a complete technical analysis.

How do we evaluate the setup for NYSE:PGR?

Next to the Technical Rating, the Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For NYSE:PGR this score is currently 7:

PGR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 241.26, a Stop Loss order could be placed below this zone.

Why NYSE:PGR may be interesting for high growth investors.

• PROGRESSIVE CORP has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 71.77% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• The quarter-to-quarter (Q2Q) revenue growth of 24.76% of PROGRESSIVE CORP has been strong, reflecting the company's ability to generate consistent sales growth. This growth suggests the company's ability to meet customer needs and drive revenue growth.
• With impressive 1-year revenue growth of 22.67%, PROGRESSIVE CORP showcases its ability to generate increased sales and revenue. This growth highlights the company's strong customer demand and its effective business strategies.
• The average next Quarter EPS Estimate by analysts was adjusted by 4.2%, reflecting the evolving market expectations for the company's EPS growth.
• In the most recent financial report, PROGRESSIVE CORP reported a 71.77% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• PROGRESSIVE CORP has experienced notable growth in its operating margin over the past year, reflecting improved operational performance. This growth suggests the company's ability to generate higher profits from its core business activities.
• PROGRESSIVE CORP has experienced notable growth in its free cash flow (FCF) over the past year, signaling improved cash generation and strong financial performance. This growth suggests the company's ability to generate excess cash for reinvestment or shareholder returns.
• PROGRESSIVE CORP demonstrates a strong Return on Equity(ROE) of 29.76%. This indicates the company's ability to generate favorable returns for shareholders and reflects its efficient utilization of capital. PROGRESSIVE CORP shows promising potential for continued success.
• Maintaining a Debt-to-Equity ratio of 0.25, PROGRESSIVE CORP demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
• PROGRESSIVE CORP has exceeded EPS estimates 3 times in the last 4 quarters, demonstrating its ability to outperform market expectations. This trend highlights the company's strong financial performance and its potential for future growth.
• The Relative Strength (RS) of PROGRESSIVE CORP has consistently been strong, with a current 81.43 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. PROGRESSIVE CORP demonstrates promising potential for sustained price momentum.

Our High Growth Momentum Breakout screen will find you more ideas suited for high growth momentum breakouts.

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.