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Stock Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

Progress Software Corporation (NASDAQ:PRGS)

Strong Uptrend (+100) - PRGS is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, PRGS continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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.

Open High Low PRGS Price Change
58.57 59.05 58.28 58.67 -0.17
Entry Signal

MarketClub’s Trade Triangles for PRGS

long term up The long-term trend has been UP since Oct 31st, 2022 at 51.35

intermediate term up The intermediate-term trend has been UP since Mar 21st, 2023 at 59.00

short term up The short-term trend has been UP since Mar 27th, 2023 at 58.87

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).

Smart Scan Analysis for PRGS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
58.57 59.05 58.28 58.67 -0.17
Prev. Close Volume Bid Ask Time
58.84 249061 2023-03-28 15:59:57
Year High53.6Year High Date2018-01-17
Year Low30.23Year Low Date2018-10-26
52wk High59.3652wk High Date2023-03-21
52wk Low40.326252wk Low Date2022-09-28
Year End Close20.99Average Volume352,179
Shares Outstanding43,345Short Interest1,756,871
% Institutional92.8Market Cap1,830M
P/E Ratio27.3674Beta1.8
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