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Stock Trend Analysis Report
Prepared for you on Tuesday, April 16, 2024.
Progress Software Corporation (NASDAQ:PRGS)
Strong Downtrend (-100) - PRGS is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, PRGS continues to fall. Traders should use caution 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.
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MarketClub’s Trade Triangles for PRGS
The long-term trend has been DOWN since Mar 27th, 2024 at 51.80
The intermediate-term trend has been DOWN since Feb 13th, 2024 at 56.15
The short-term trend has been DOWN since Apr 15th, 2024 at 50.34
Smart Scan Analysis for PRGS
Based on our trend formula, PRGS is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 51.01 | 51.13 | 50.04 | 50.04 | -0.94 |
| Prev. Close | Volume | Bid | Ask | Time |
| 50.06 | 296330 | 2024-04-15 15:59:50 |
| Year High | 53.6 | Year High Date | 2018-01-17 |
| Year Low | 30.23 | Year Low Date | 2018-10-26 |
| 52wk High | 62.34 | 52wk High Date | 2023-08-29 |
| 52wk Low | 49.02 | 52wk Low Date | 2023-11-02 |
| Year End Close | 20.99 | Average Volume | 746,209 |
| Shares Outstanding | 43,218 | Short Interest | 1,756,871 |
| % Institutional | 92.8 | Market Cap | 1,830M |
| Assets | 154,776,900M | Liabilities | 108,602,600M |
| P/E Ratio | 32.5065 | Beta | 1.8 |
| Volatility | 23.65 |