PROGRESSIVE CORP (PGR) Stock Technical Analysis
NYSE:PGR - New York Stock Exchange, Inc. - US7433151039 - Common Stock - Currency: USD
Taking everything into account, PGR scores 6 out of 10 in our technical rating. Although PGR is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, we notice that PGR is one of the better performing stocks in the market, outperforming 80% 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 77% of 144 stocks in the same industry.
PGR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PGR is lagging the market slightly.
In the last month PGR has a been trading in the 228.54 - 252.00 range, which is quite wide. It is currently trading near the high of this range.
PGR has an average volume of 2603860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
PGR has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 253.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 245.37, a Stop Loss order could be placed below this zone.
More info and screens
204.60
271.58
3 important support areas can be observed.
- A support zone ranging from 239.38 to 248.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
- Support @206.67 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @253.91 from a horizontal line in the daily time frame.
- A resistance zone ranging from 268.89 to 268.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.82
Mansfield-0.03
10 Day High252
10 Day Low236.01
20 Day High252
20 Day Low228.54
52 Week High270.62
52 Week Low179.91
Performance
1 Week3.02%
2 Weeks2.77%
1 Month2.23%
3 Month1.52%
6 Month13.58%
12 Month36.37%
2 Year80.71%
3 Year126.76%
5 Year205.37%
10 Year849.52%
15 Year1386.13%
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)1.1
RSI(14)54.4
LBB234.51
UBB248.82
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 |
|---|---|---|---|
| 253.92 | 239.37 | 14.55 (5.73%) | 17.45% |
| An entry @253.92. This is a Buy Stop order right above the resistance zone. | An exit @239.37. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 14.55 points, which is 5.73%. | When investing 17.45% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
PROGRESSIVE CORP
NYSE:PGR (1/30/2025, 1:31:25 PM)
248.66
+2.26 (+0.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.92%
1 Week3.02%
2 Weeks2.77%
1 Month2.23%
3 Month1.52%
6 Month13.58%
12 Month36.37%
2 Year80.71%
3 Year126.76%
5 Year205.37%
10 Year849.52%
15 Year1386.13%
Volatility
ATR(14)6.36
ATR(20)%2.25%
ATR Inc59.43%
Range Today5.06
ADR(20)5.37
ADR(20)%2.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.82
Mansfield-0.03
10 Day High252
10 Day Low236.01
20 Day High252
20 Day Low228.54
52 Week High270.62
52 Week Low179.91
CS1 End245.37
CR1 Start253.91
Volume & EV
DER(3)-0.13%
DER(5)1.39%
Volume946.17K
Volume Incr9.05%
Vol(5)2.69M
Vol(50)2.60M