PGR Technical Signal Analysis
PGR have 5 buy signals and 0 sell signal now. The current trend is consolidation starting from 2025-03-04. The total price change during this trend is -1.34%. Recently, the price has increased significantly with an increase in volume, indicating a strong bullish signal. The average turnover of PGR over last 5 trading day is $909,188,983.24
5 Bullish Signal
0 Bearish Signal
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 > 0
14.98
Bullish
Momentum (10 days)
MOM_10 > 0
0.63
Bullish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 > 0
6.62
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
7.19
Bullish
Moving Average
Price crosses above 5-day SMA
--
Bullish
Name
Signal
Value
Meaning
5 Bullish Signal
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 > 0
14.98
Bullish
Momentum (10 days)
MOM_10 > 0
0.63
Bullish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 > 0
6.62
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
7.19
Bullish
Moving Average
Price crosses above 5-day SMA
--
Bullish
PGR Support and Resistance Level
The support levels for PGR are at 275.07, 271.73, and 266.33, while the resistance levels are at 285.87, 289.21, and 294.61. With the current stock price at 279.4, it is leaning more toward the support levels.
PGR Technical Analysis
Technical Analysis of PGR Stock
Price and Volume Analysis:
- Close Price: 279.82
- Volume: 2,885,772 (above average, indicating moderate trading activity)
Technical Indicators:
- RSI (14): 66.81 (neutral, not overbought or oversold)
- MACD: 8.55 (positive, indicating bullish momentum)
- Stochastic Oscillator: %K (76.05) and %D (82.32) (overbought territory, potential pullback)
- Fibonacci Levels: Pivot at 277.87 (current price above pivot, bullish sign)
- Bollinger Bands: Price near upper band, suggesting overbought conditions
Moving Averages:
- SMA_20: 281.17 (current price slightly below, potential resistance)
Conclusion:
The stock shows mixed signals. While the MACD is bullish, the Stochastic and Bollinger Bands suggest overbought conditions. The price is near the upper Bollinger Band, indicating a possible pullback. However, the stock remains above the Fibonacci pivot, maintaining a bullish trend.
Recommendation:
Buy at the Fibonacci support level of 277.87 with a target of 281.93. Set a stop-loss below 277.87 to manage risk.
PGR FAQs
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PGR Buy or Sell
PGR has 5 buy signals and 0 sell signals now. Overall the technical rating for PGR is Strong buy.
Strong buy
Sell
0
Buy
5
PGR Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a positive trend with the 279.4 above the SMA_5. In the short term, the stock shows a positive trend with the 278.48 above the SMA_20. In the mid term, the stock shows a positive trend with the 275.06 above the SMA_60. In the long term, the stock shows a positive trend with the 254.57 above the SMA_200.
Swing
Positive
Stock Price Above SMA_5
Short Term
Positive
SMA_5 Above SMA_20
Mid Term
Positive
SMA_20 Above SMA_60
Long Term
Positive
SMA_60 Above SMA_200
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What do technical indicators suggest about PGR's current trend?What are PGR's key support and resistance levels?