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Stock Trend Analysis Report

Prepared for you on Monday, March 27, 2023.

Progress Software Corporation (NASDAQ:PRGS)

Countertrend Up (+85) - PRGS is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

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Open High Low PRGS Price Change
56.870 57.780 56.595 57.760 +0.890
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 down The short-term trend has been DOWN since Mar 22nd, 2023 at 56.90

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).

Smart Scan Analysis for PRGS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
56.870 57.780 56.595 57.760 +0.890
Prev. Close Volume Bid Ask Time
57.740 211776 2023-03-24 15:59:47
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 Volume362,159
Shares Outstanding43,345Short Interest1,756,871
% Institutional92.8Market Cap1,830M
P/E Ratio26.4512Beta1.8
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