PROGRESS SOFTWARE CORP (PRGS) Stock Technical Analysis
NASDAQ:PRGS - Nasdaq - US7433121008 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to PRGS. PRGS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
79% of all other stocks performed better in the past year than PRGS.
PRGS is part of the Software industry. There are 284 other stocks in this industry, of which 62% are performing better than PRGS.
PRGS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PRGS is lagging the market.
In the last month PRGS has a been trading in the 52.84 - 59.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of PRGS is bad and it also does not present a quality setup 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.
More info and screens
52.84
58.59
When analyzing the support we notice one important area.
- A support zone ranging from 53.37 to 53.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 56.70 to 58.01. This zone is formed by a combination of multiple trend lines and important moving averages 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
CRS21.5
Mansfield-1.13
10 Day High59.17
10 Day Low55.04
20 Day High59.17
20 Day Low52.84
52 Week High70.56
52 Week Low48
Performance
1 Week-4.85%
2 Weeks-3.7%
1 Month1.81%
3 Month-20.43%
6 Month-4.67%
12 Month-2.46%
2 Year-4.07%
3 Year25%
5 Year47.76%
10 Year101.54%
15 Year194.97%
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)0.17
RSI(14)33.89
LBB55.71
UBB58.55
55.1
-1.46 (-2.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.58%
1 Week-4.85%
2 Weeks-3.7%
1 Month1.81%
3 Month-20.43%
6 Month-4.67%
12 Month-2.46%
2 Year-4.07%
3 Year25%
5 Year47.76%
10 Year101.54%
15 Year194.97%
Volatility
ATR(14)1.21
ATR(20)%2.41%
ATR Inc3.42%
Range Today1.8
ADR(20)1.24
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.5
Mansfield-1.13
10 Day High59.17
10 Day Low55.04
20 Day High59.17
20 Day Low52.84
52 Week High70.56
52 Week Low48
CS1 End53.61
CR1 Start56.7
Volume & EV
DER(3)-0.18%
DER(5)-0.63%
Volume570.00K
Volume Incr-31.31%
Vol(5)657.00K
Vol(50)694.47K