|
Uptrend ExhaustionArchive - 3/15/2024 - Sign In to see current Signals. |
Progressive Corp. (PGR) Technical Analysis
|
|
| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a second consecutive positive week for the Progressive Corp. (PGR). During the week, the PGR gained 6.47 points, or 3.26%, and closed at 204.88 on Friday, March 15, 2024. PGR was trading at average weekly trading volume. PGR is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry. Long-term trend: [See PGR long-term trend chart] A long-term uptrend had started on March 10, 2009 at 9.76 and reached 205.83 on March 15, 2024. PGR gained -196.07 points, or -2008.91%, in 783 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (42.59) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend. Medium-term trend: [See PGR medium-term trend chart] A medium-term uptrend had started on February 4, 2014 at 22.53 and reached 205.83 on March 15, 2024. PGR gained -183.30 points, or -813.58%, in 527 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (122.63) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend. Weekly Technical Indicators: [See PGR weekly technical indicators chart] Weekly Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help. The weekly MACD line is above its signal line since August 25, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help. Short-term trend: [See PGR short-term trend chart] A short-term uptrend had started on December 15, 2023 at 149.14 and reached 205.83 on March 15, 2024. PGR gained -56.69 points, or -38.01%, in 91 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (193.61) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend. Daily Technical Indicators: [See PGR daily technical indicators chart] Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Lane's Stochastic. The daily MACD line is above its signal line since March 7, 2024. This is an indication that the short-term trend is up. The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
| |
|
|