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Stock Trend Analysis Report

Prepared for you on Thursday, March 28, 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
53.20 53.83 52.60 52.70 +0.07
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 Mar 28th, 2024 at 53.33

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
53.20 53.83 52.60 52.70 +0.07
Prev. Close Volume Bid Ask Time
52.63 568854 2024-03-28 14:33:46
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 Volume690,228
Shares Outstanding43,880Short Interest1,756,871
% Institutional92.8Market Cap1,830M
Assets160,278,300MLiabilities114,306,800M
P/E Ratio33.5223Beta1.8
Volatility23.65
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