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Stock Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Progress Software Corporation (NASDAQ:PRGS)

Crossroads (-60) - PRGS is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid PRGS?

MarketClub looks at technical strength and momentum to determine if the timing is right for PRGS.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_PRGS
Open High Low PRGS Price Change
52.50 53.01 52.40 52.79 +0.21
Entry Signal

MarketClub’s Trade Triangles for PRGS

long term up The long-term trend has been UP since Jan 17th, 2024 at 56.13

intermediate term down The intermediate-term trend has been DOWN since Feb 13th, 2024 at 56.15

short term down The short-term trend has been DOWN since Mar 14th, 2024 at 53.40

Smart Scan Analysis for PRGS

Based on our trend formula, PRGS is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for PRGS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
52.50 53.01 52.40 52.79 +0.21
Prev. Close Volume Bid Ask Time
52.82 297562 2024-03-18 15:59:54
Year High53.6Year High Date2018-01-17
Year Low30.23Year Low Date2018-10-26
52wk High62.3452wk High Date2023-08-29
52wk Low49.0252wk Low Date2023-11-02
Year End Close20.99Average Volume760,364
Shares Outstanding43,880Short Interest1,756,871
% Institutional92.8Market Cap1,830M
Assets160,278,300MLiabilities114,306,800M
P/E Ratio33.4905Beta1.8
Volatility23.65
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