Stock Trend Analysis Report
Prepared for you on Monday, March 19, 2018.
PROGRESS SOFTWARE (NASDAQ:PRGS)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for PRGS
The long term trend has been DOWN since Mar 8th, 2018 at 40.20
The intermediate term trend has been DOWN since Feb 5th, 2018 at 48.26
The short term trend has been DOWN since Mar 19th, 2018 at 40.67
Smart Scan Analysis for PRGS
Based on a pre-defined weighted trend formula for chart analysis, PRGS scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||53.6||Year High Date||2018-01-17|
|Year Low||38.45||Year Low Date||2018-03-08|
|52wk High||53.6||52wk High Date||2018-01-17|
|52wk Low||27.46||52wk Low Date||2017-03-22|
|Year End Close||20.99||Average Volume||776,293|
|Shares Outstanding||57,863||Short Interest||1,756,871|