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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.
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 UP since Oct 31st, 2022 at 51.35
The intermediate-term trend has been UP since Mar 21st, 2023 at 59.00
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).
| 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 High | 53.6 | Year High Date | 2018-01-17 |
| Year Low | 30.23 | Year Low Date | 2018-10-26 |
| 52wk High | 59.36 | 52wk High Date | 2023-03-21 |
| 52wk Low | 40.3262 | 52wk Low Date | 2022-09-28 |
| Year End Close | 20.99 | Average Volume | 362,159 |
| Shares Outstanding | 43,345 | Short Interest | 1,756,871 |
| % Institutional | 92.8 | Market Cap | 1,830M |
| Assets | 141,147,900M | Liabilities | 101,297,500M |
| P/E Ratio | 26.4512 | Beta | 1.8 |
| Volatility | 23.65 |