PROGRESSIVE CORP (PGR) Stock Technical Analysis
NYSE:PGR - New York Stock Exchange, Inc. - US7433151039 - Common Stock - Currency: USD
Overall PGR gets a technical rating of 8 out of 10. In the last year, PGR was one of the better performers, but we do observe some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, PGR did better than 90% of all other stocks. We also observe that the gains produced by PGR over the past year are nicely spread over this period.
PGR is part of the Insurance industry. There are 143 other stocks in this industry. PGR outperforms 80% of them.
PGR is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so PGR slightly outperforms the market at the moment.
PGR has an average volume of 3461250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month PGR has a been trading in the 247.98 - 289.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, PGR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 259.51, a Stop Loss order could be placed below this zone.
More info and screens
233.24
294.14
When analyzing the support we can see 4 important areas.
- A support zone ranging from 256.94 to 259.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 249.06 to 250.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @241.48 from a horizontal line in the daily time frame.
- A support zone ranging from 235.60 to 235.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 266.27 to 273.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 291.22 to 291.23. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.25
Mansfield1.75
10 Day High283.5
10 Day Low247.98
20 Day High289.88
20 Day Low247.98
52 Week High292.99
52 Week Low201.34
Performance
1 Week-2.83%
2 Weeks-7.51%
1 Month-3.34%
3 Month8.93%
6 Month5.71%
12 Month23.64%
2 Year94.61%
3 Year147.25%
5 Year243.4%
10 Year895.69%
15 Year1221.3%
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)
Technical Indicators
MACD(12,26,9)-0.51
RSI(14)43.8
LBB253.66
UBB292.48
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 273.53 | 256.93 | 16.60 (6.07%) | 16.48% |
| An entry @273.53. This is a Buy Stop order right above the resistance zone. | An exit @256.93. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 16.60 points, which is 6.07%. | When investing 16.48% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of PGR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
265.45
-9.68 (-3.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-3.52%
1 Week-2.83%
2 Weeks-7.51%
1 Month-3.34%
3 Month8.93%
6 Month5.71%
12 Month23.64%
2 Year94.61%
3 Year147.25%
5 Year243.4%
10 Year895.69%
15 Year1221.3%
Volatility
ATR(14)11.25
ATR(20)%3.5%
ATR Inc-7.05%
Range Today9.44
ADR(20)8.89
ADR(20)%3.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.25
Mansfield1.75
10 Day High283.5
10 Day Low247.98
20 Day High289.88
20 Day Low247.98
52 Week High292.99
52 Week Low201.34
CS1 End259.51
CR1 Start266.27
Volume & EV
DER(3)-0.85%
DER(5)-1.33%
Volume3.65M
Volume Incr-33.67%
Vol(5)2.93M
Vol(50)3.46M