PROGRESSIVE CORP (PGR)

US7433151039 - Common Stock

263.44  +6.42 (+2.5%)

After market: 264.5 +1.06 (+0.4%)

Technical Rating and Analysis

10

Taking everything into account, PGR scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PGR is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, PGR did better than 87% of all other 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 83% of 140 stocks in the same industry.
PGR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month PGR has a been trading in the 239.50 - 263.85 range, which is quite wide. It is currently trading near the high of this range.
PGR has an average volume of 2205010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
PGR Weekly chart
PGR Daily chart
Setup Rating and Analysis

8

PGR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 263.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 252.86, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PGR 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.
Support and Resistance Analysis

202.60

266.08

When analyzing the support we can see 5 important areas.

  • A support zone ranging from 247.69 to 252.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 241.47 to 242.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @225.69 from a trend line in the daily time frame.
  • Support @211.00 from a horizontal line in the daily time frame.
  • Support @204.65 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 263.45 to 263.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.5
Mansfield1.14
10 Day High263.85
10 Day Low252.74
20 Day High263.85
20 Day Low239.5
52 Week High263.85
52 Week Low149.14
Performance
1 Week2.31%
2 Weeks3.2%
1 Month6.71%
3 Month9.2%
6 Month29.19%
12 Month60.91%
2 Year99.35%
3 Year183.45%
5 Year260.63%
10 Year867.11%
15 Year1470.9%
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)0.62
RSI(14)63
LBB245.32
UBB268.03
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
263.46252.7310.73 (4.07%)24.55%
An entry @263.46. This is a Buy Stop order right above the resistance zone.An exit @252.73. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 10.73 points, which is 4.07%.For a 1.00% total portfolio risk, you can invest 24.55% of your capital in this trade.

  • 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.
PGR Daily chart

PROGRESSIVE CORP

NYSE:PGR (11/21/2024, 7:46:29 PM)

After market: 264.5 +1.06 (+0.4%)

263.44

+6.42 (+2.5%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg2.5%
1 Week2.31%
2 Weeks3.2%
1 Month6.71%
3 Month9.2%
6 Month29.19%
12 Month60.91%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)6.02
ATR(20)%2%
ATR Inc
Range Today6.31
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High263.85
10 Day Low252.74
20 Day High263.85
20 Day Low239.5
52 Week High263.85
52 Week Low149.14
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume2.28M
Volume Incr2.27%
Vol(5)2.12M
Vol(50)2.21M