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 -0.899, suggesting PRGS is Strong Sell.

Progress Software Corp (PRGS) 20-Day simple moving average is 28.365, while Progress Software Corp (PRGS) share price is $27.46, making it Sell.

Progress Software Corp (PRGS) 60-Day simple moving average is 34.632, while Progress Software Corp (PRGS) share price is $27.46, making it Sell.

Technical Analysis for PRGS

Technical Sentiment Analysis for Progress Software Corp (PRGS) As of 2026-04-23, Progress Software Corp (PRGS) is exhibiting a Strong Sell technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 1 indicators are flashing buy, while 10 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for PRGS stands at 40.081, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.899, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 59.535 and the Commodity Channel Index (CCI) at -13.702 further confirm a 0.04 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, PRGS is trading below its 60-day moving average of $34.632 and below its 200-day long-term moving average of $41.294. Key price levels to watch include the immediate resistance at $32.145 and strong support at $26.362. A break above $32.145 could signal a bull continuation, while falling below $26.362 may test the next Fibonacci floor at $23.515.

Progress Software Corp (PRGS) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	20.58	23.515	26.362	29.298	32.145	35.08	37.928
Fibonacci	23.515	25.724	27.089	29.298	31.507	32.871	35.08

Progress Software Corp (PRGS) Technical Indicators

2026-04-23

Name	Value
RSI_14	40.081
STOCHk_14_3_3	59.535
STOCHd_14_3_3	75.26
CCI_20	-13.702
AO_5_34	-0.367
MOM_10	0.04
MACD_12_26_9	-0.899

Progress Software Corp (PRGS) Relative Strength Index (RSI) is 40.081, creating a Neutral signal.

Progress Software Corp (PRGS) Stochastic Oscillator is 59.535, creating a Neutral signal.

Progress Software Corp (PRGS) Stochastic RSI is 75.26, creating a Neutral signal.

Progress Software Corp (PRGS) Commodity Channel Index (CCI) is -13.702, creating a Neutral signal.

Progress Software Corp (PRGS) Awesome Oscillator is -0.367, creating a Sell signal.

Progress Software Corp (PRGS) Momentum is 0.04, creating a Buy signal.

Progress Software Corp (PRGS) MACD is -0.899, creating a Sell signal.

Progress Software Corp (PRGS) Moving Average

2026-04-23

Period	Simple	Signal
MA_5	30.03	Sell
MA_10	29.21	Sell
MA_20	28.365	Sell
MA_60	34.632	Sell
MA_200	41.294	Sell
MA_250	45.314	Sell

Progress Software Corp (PRGS) 5-Day simple moving average is 30.03, while Progress Software Corp (PRGS) share price is $27.46, making it a Sell.

Progress Software Corp (PRGS) 10-Day simple moving average is 29.21, while Progress Software Corp (PRGS) share price is $27.46, making it a Sell.

Progress Software Corp (PRGS) 20-Day simple moving average is 28.365, while Progress Software Corp (PRGS) share price is $27.46, making it a Sell.

Progress Software Corp (PRGS) 60-Day simple moving average is 34.632, while Progress Software Corp (PRGS) share price is $27.46, making it a Sell.

Progress Software Corp (PRGS) 200-Day simple moving average is 41.294, while Progress Software Corp (PRGS) share price is $27.46, making it a Sell.

Progress Software Corp (PRGS) 250-Day simple moving average is 45.314, while Progress Software Corp (PRGS) share price is $27.46, 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 1 buy signals and 4 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 26.362 and a major resistance level at 32.145. Traders also monitor the pivot point at 29.298 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 40.081. 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 -0.899, 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 $27.46, which is below its 200-day simple moving average of 41.294. Trading below the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.