PROGRESS SOFTWARE CORP (PRGS)

US7433121008 - Common Stock

66.38  +0.46 (+0.7%)

After market: 66.377 0 (0%)

Technical Rating and Analysis

6

Overall PRGS gets a technical rating of 6 out of 10. In the last year, PRGS was one of the better performers, but we do observe some doubts in the very recent evolution.

In the last month PRGS has a been trading in the 65.65 - 70.56 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that PRGS is one of the better performing stocks in the market, outperforming 82% of all stocks.
PRGS 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 PRGS is performing more or less in line with the market.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
PRGS is part of the Software industry. There are 279 other stocks in this industry, PRGS did better than 59% of them.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
PRGS Weekly chart
PRGS Daily chart
Setup Rating and Analysis

5

PRGS has an average technical rating and also the quality of the setup is only medium 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.

Support and Resistance Analysis

54.80

70.59

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 63.94 to 66.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @61.17 from a trend line in the daily time frame.
  • Support @55.35 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 67.10 to 69.89. This zone is formed by a combination of multiple trend lines and important moving averages 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
CRS82.4
Mansfield0.58
10 Day High69.88
10 Day Low65.65
20 Day High70.56
20 Day Low65.65
52 Week High70.56
52 Week Low48
Performance
1 Week-3.66%
2 Weeks-3.73%
1 Month-3.42%
3 Month15.26%
6 Month35.66%
12 Month20.84%
2 Year31.58%
3 Year37.52%
5 Year59.76%
10 Year145.67%
15 Year240.76%
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)-0.46
RSI(14)42.26
LBB65.97
UBB70.83
PRGS Daily chart

PROGRESS SOFTWARE CORP

NASDAQ:PRGS (12/20/2024, 8:00:00 PM)

After market: 66.377 0 (0%)

66.38

+0.46 (+0.7%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.7%
1 Week-3.66%
2 Weeks-3.73%
1 Month-3.42%
3 Month15.26%
6 Month35.66%
12 Month20.84%
2 Year31.58%
3 Year37.52%
5 Year59.76%
10 Year145.67%
15 Year240.76%
Volatility
ATR(14)1.43
ATR(20)%2.15%
ATR Inc19.09%
Range Today1.82
ADR(20)1.39
ADR(20)%2.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.4
Mansfield0.58
10 Day High69.88
10 Day Low65.65
20 Day High70.56
20 Day Low65.65
52 Week High70.56
52 Week Low48
CS1 End66.37
CR1 Start67.1
Volume & EV
DER(3)-2.93%
DER(5)-2.86%
Volume2.55M
Volume Incr112.4%
Vol(5)906.74K
Vol(50)467.01K