PRGS Technical Analysis & Stock Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

Progress Software Corp (PRGS) Moving Averages Convergence Divergence (MACD) indicator is -0.684, suggesting PRGS is Strong Sell.

Progress Software Corp (PRGS) 20-Day simple moving average is 28.569, while Progress Software Corp (PRGS) share price is $27, making it Sell.

Progress Software Corp (PRGS) 60-Day simple moving average is 31.665, while Progress Software Corp (PRGS) share price is $27, making it Sell.

Technical Analysis for PRGS

Technical Sentiment Analysis for Progress Software Corp (PRGS) As of 2026-05-14, Progress Software Corp (PRGS) is exhibiting a Strong Sell technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 3 indicators are flashing buy, while 9 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for PRGS stands at 42.343, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.684, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 19.509 and the Commodity Channel Index (CCI) at -109.982 further confirm a -0.805 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, PRGS is trading below its 60-day moving average of $31.665 and below its 200-day long-term moving average of $39.705. Key price levels to watch include the immediate resistance at $30.256 and strong support at $26.221. A break above $30.256 could signal a bull continuation, while falling below $26.221 may test the next Fibonacci floor at $24.07.

Progress Software Corp (PRGS) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	22.186	24.07	26.221	28.105	30.256	32.14	34.291
Fibonacci	24.07	25.612	26.564	28.105	29.647	30.599	32.14

Progress Software Corp (PRGS) Technical Indicators

2026-05-14

Name	Value
RSI_14	42.343
STOCHk_14_3_3	19.509
STOCHd_14_3_3	29.362
CCI_20	-109.982
AO_5_34	-0.452
MOM_10	-0.805
MACD_12_26_9	-0.684

Progress Software Corp (PRGS) Relative Strength Index (RSI) is 42.343, creating a Neutral signal.

Progress Software Corp (PRGS) Stochastic Oscillator is 19.509, creating a Buy signal.

Progress Software Corp (PRGS) Stochastic RSI is 29.362, creating a Neutral signal.

Progress Software Corp (PRGS) Commodity Channel Index (CCI) is -109.982, creating a Buy signal.

Progress Software Corp (PRGS) Awesome Oscillator is -0.452, creating a Sell signal.

Progress Software Corp (PRGS) Momentum is -0.805, creating a Sell signal.

Progress Software Corp (PRGS) MACD is -0.684, creating a Sell signal.

Progress Software Corp (PRGS) Moving Average

2026-05-14

Period	Simple	Signal
MA_5	27.765	Sell
MA_10	28.371	Sell
MA_20	28.569	Sell
MA_60	31.665	Sell
MA_200	39.705	Sell
MA_250	43.345	Sell

Progress Software Corp (PRGS) 5-Day simple moving average is 27.765, while Progress Software Corp (PRGS) share price is $27, making it a Sell.

Progress Software Corp (PRGS) 10-Day simple moving average is 28.371, while Progress Software Corp (PRGS) share price is $27, making it a Sell.

Progress Software Corp (PRGS) 20-Day simple moving average is 28.569, while Progress Software Corp (PRGS) share price is $27, making it a Sell.

Progress Software Corp (PRGS) 60-Day simple moving average is 31.665, while Progress Software Corp (PRGS) share price is $27, making it a Sell.

Progress Software Corp (PRGS) 200-Day simple moving average is 39.705, while Progress Software Corp (PRGS) share price is $27, making it a Sell.

Progress Software Corp (PRGS) 250-Day simple moving average is 43.345, while Progress Software Corp (PRGS) share price is $27, making it a Sell.

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Frequently Asked Questions

What is the current technical consensus for PRGS?

The overall technical consensus for Progress Software Corp (PRGS) is currently Strong Sell. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 3 buy signals and 3 sell signals.

What are the key support and resistance levels for Progress Software Corp (PRGS) today?

Based on pivot point calculations, Progress Software Corp (PRGS) has an immediate support level at 26.221 and a major resistance level at 30.256. Traders also monitor the pivot point at 28.105 to determine the intraday trend direction.

Is Progress Software Corp (PRGS) overbought or oversold based on the RSI?

The Relative Strength Index (RSI) for Progress Software Corp (PRGS) is currently 42.343. This indicates that the stock is in neutral territory (typically, a value below 30 is oversold and above 70 is overbought).

What signal is the MACD providing for Progress Software Corp (PRGS)?

Progress Software Corp (PRGS) Moving Averages Convergence Divergence (MACD) indicator is -0.684, suggesting PRGS is Strong Sell. This indicator helps identify potential trend reversals or momentum shifts for Progress Software Corp.

How is Progress Software Corp (PRGS) performing relative to its 200-day moving average?

Progress Software Corp (PRGS) is currently trading at $27, which is below its 200-day simple moving average of 39.705. Trading below the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.