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(PRGS) Progress Software complete technical analysis [charts+indicators] | Buy/Sell Progress Software | (PRGS) share price targets

Complete technical analysis of Progress Software (PRGS) by charts plus indicators, forecast predictions and share price targets for Progress Software (PRGS)

Progress Software trades in USA in Technology sector.

Showing technical analysis as on 2024-01-02 View latest technical analysis

10 day averaged volume of Progress Software is 233460

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Jan 2024	54.29	54.09	54.31	53.71	1.294 times
29 Fri Dec 2023	54.30	54.41	54.49	54.02	0.6 times
29 Fri Dec 2023	54.30	54.41	54.49	54.02	0.6 times
28 Thu Dec 2023	54.43	54.68	54.89	54.41	0.746 times
27 Wed Dec 2023	54.83	55.54	55.54	54.82	0.802 times
26 Tue Dec 2023	55.46	55.18	55.65	54.86	0.564 times
22 Fri Dec 2023	54.93	55.08	55.35	54.71	0.631 times
21 Thu Dec 2023	54.98	55.34	55.51	54.51	0.722 times
20 Wed Dec 2023	54.86	55.66	56.13	54.85	1.282 times
19 Tue Dec 2023	55.63	55.14	55.66	54.80	2.356 times

My analysis of stock is bearish for shortterm, and stock might move down till 53.8 or till 53. Use a stoploss of 54.49 and if the stock hits stoploss, then it can shoot up till 55.18

Share price targets for Progress Software (PRGS)

Target Type	Value
Downside Target	49.02
Downside Target	52.17
Upside Target	54.42
Upside Target	54.49
Upside Target	54.72
Upside Target	54.92
Upside Target	55.65
Upside Target	55.74
Upside Target	56.13
Upside Target	61.50

Intraday share price targets for Progress Software (PRGS)

Target Type	Value
Downside Intraday Target	53.9
Downside Intraday Target	53.5
Upside Intraday Target	54.5
Upside Intraday Target	54.7
Downside Intraday Target	54.1

Weekly technical analysis of Progress Software (PRGS)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Jan 2024	54.29	54.09	54.31	53.71	2.157 times
29 Fri Dec 2023	54.30	54.41	54.49	54.02	0.221 times
29 Fri Dec 2023	54.30	55.18	55.65	54.02	0.405 times
22 Fri Dec 2023	54.93	55.07	56.13	54.42	0.826 times
15 Fri Dec 2023	54.83	53.28	55.74	53.05	1.323 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Progress Software (PRGS)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Tue Jan 2024	54.29	54.09	54.31	53.71	0.051 times
29 Fri Dec 2023	54.30	53.87	56.13	52.74	1.054 times
30 Thu Nov 2023	53.86	51.16	54.72	49.02	0.852 times
31 Tue Oct 2023	51.38	52.50	54.92	49.88	0.96 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Progress Software (PRGS)

Price action analysis of Progress Software ( (PRGS) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Progress Software ( (PRGS) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Progress Software ( (PRGS) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Progress Software stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Progress Software in short term but the sell signal is initial and weak.

Progress Software Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Progress Software in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Progress Software is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 54.92 and Progress Software (PRGS) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Progress Software (PRGS) stock. Volume based technical analysis of Progress Software (PRGS) stock is negative.

Progress Software Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.