Stock Trend Analysis Report
Prepared for you on Saturday, June 23, 2018.
PROGRESS SOFTWARE (NASDAQ:PRGS)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
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 40.200
The intermediate term trend has been UP since Jun 4th, 2018 at 38.625
The short term trend has been DOWN since Jun 21st, 2018 at 38.420
Smart Scan Analysis for PRGS
Based on a pre-defined weighted trend formula for chart analysis, PRGS scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||53.6||Year High Date||2018-01-17|
|Year Low||35.63||Year Low Date||2018-05-30|
|52wk High||53.6||52wk High Date||2018-01-17|
|52wk Low||29.65||52wk Low Date||2017-06-23|
|Year End Close||20.99||Average Volume||361,673|
|Shares Outstanding||57,863||Short Interest||1,756,871|