Based on the provided data and technical analysis, here's the price prediction for PGR for the next trading week:
Technical Analysis
- RSI-14 at 70.25 indicates slightly overbought conditions
- MACD (12,26,9) shows positive momentum with MACD line at 4.00 and signal line at 2.18
- Stochastic RSI (14,14,3,3) at 97.80 suggests extremely overbought conditions
- Price is trading above all major moving averages (5,10,20,60,200,250), indicating strong uptrend
Price Levels
- Fibonacci support levels: S1: $247.31, S2: $242.87, S3: $235.67
- Fibonacci resistance levels: R1: $261.71, R2: $266.15, R3: $273.35
- Current price: $263.00
News Sentiment
- Progressive posted strong Q4 earnings with EPS of $4.01, exceeding expectations
- Company received "Moderate Buy" consensus rating from analysts with mean price target of $284.78
- Wells Fargo raised price target to $313 while maintaining "Overweight" rating
- Progressive achieved second-highest increase in financial strength scores in Management Top 250 ranking
Price Prediction for Next Week
Target Range: $266-$273
- Support: $261.70
- Resistance: $273.35
- Most likely scenario: Bullish continuation toward R3 level at $273.35
Recommendation: BUY
- Entry point: Current price ($263.00)
- Stop loss: Below S1 at $247.00
- Take profit: R3 at $273.35
The strong technical indicators, positive analyst sentiment, and recent financial performance support a bullish outlook. However, overbought conditions suggest potential short-term pullbacks before continuing upward.
Based on the provided data and technical analysis, here's the price prediction for PGR for the next trading week:
Technical Analysis
- RSI-14 at 70.25 indicates slightly overbought conditions
- MACD (12,26,9) shows positive momentum with MACD line at 4.00 and signal line at 2.18
- Stochastic RSI (14,14,3,3) at 97.80 suggests extremely overbought conditions
- Price is trading above all major moving averages (5,10,20,60,200,250), indicating strong uptrend
Price Levels
- Fibonacci support levels: S1: $247.31, S2: $242.87, S3: $235.67
- Fibonacci resistance levels: R1: $261.71, R2: $266.15, R3: $273.35
- Current price: $263.00
News Sentiment
- Progressive posted strong Q4 earnings with EPS of $4.01, exceeding expectations
- Company received "Moderate Buy" consensus rating from analysts with mean price target of $284.78
- Wells Fargo raised price target to $313 while maintaining "Overweight" rating
- Progressive achieved second-highest increase in financial strength scores in Management Top 250 ranking
Price Prediction for Next Week
Target Range: $266-$273
- Support: $261.70
- Resistance: $273.35
- Most likely scenario: Bullish continuation toward R3 level at $273.35
Recommendation: BUY
- Entry point: Current price ($263.00)
- Stop loss: Below S1 at $247.00
- Take profit: R3 at $273.35
The strong technical indicators, positive analyst sentiment, and recent financial performance support a bullish outlook. However, overbought conditions suggest potential short-term pullbacks before continuing upward.