Free Daily Analysis

Stock Trend Analysis Report

Prepared for you on Sunday, April 14, 2024.

Progress Software Corporation (NASDAQ:PRGS)

Countertrend Down (-85) - PRGS is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
51.4000 51.6422 50.8100 51.0000 -0.6700
Entry Signal

MarketClub’s Trade Triangles for PRGS

long term down The long-term trend has been DOWN since Mar 27th, 2024 at 51.80

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

short term up The short-term trend has been UP since Apr 11th, 2024 at 51.61

Smart Scan Analysis for PRGS

Based on our trend formula, PRGS is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for PRGS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
51.4000 51.6422 50.8100 51.0000 -0.6700
Prev. Close Volume Bid Ask Time
50.9800 318978 2024-04-12 15:59:49
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 Volume752,251
Shares Outstanding43,218Short Interest1,756,871
% Institutional92.8Market Cap1,830M
Assets160,278,300MLiabilities114,306,800M
P/E Ratio32.9108Beta1.8
Volatility23.65
Get a free daily analysis and signals for Progress Software Corporation (PRGS) - Request Your Free Report.