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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 2024-01-05 View latest technical analysis

10 day averaged volume of Progress Software is 193520

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	52.07	52.02	52.34	51.80	0.929 times
04 Thu Jan 2024	52.39	52.72	52.87	52.30	1.078 times
03 Wed Jan 2024	52.50	54.20	54.32	52.50	1.733 times
02 Tue Jan 2024	54.29	54.09	54.31	53.71	1.562 times
29 Fri Dec 2023	54.30	54.41	54.49	54.02	0.724 times
29 Fri Dec 2023	54.30	54.41	54.49	54.02	0.724 times
28 Thu Dec 2023	54.43	54.68	54.89	54.41	0.9 times
27 Wed Dec 2023	54.83	55.54	55.54	54.82	0.967 times
26 Tue Dec 2023	55.46	55.18	55.65	54.86	0.681 times
22 Fri Dec 2023	54.93	55.08	55.35	54.71	0.761 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 52.1, for a target of 53.3 or 54.29

Share price targets for Progress Software (PRGS)

Target Type	Value
Downside Target	49.02
Downside Target	51.80
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	51.14
Downside Intraday Target	50.21
Upside Intraday Target	53.66
Upside Intraday Target	55.25
Upside Intraday Target	52.73

Weekly technical analysis of Progress Software (PRGS)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	52.07	54.09	54.32	51.80	7.323 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
05 Fri Jan 2024	52.07	54.09	54.32	51.80	0.174 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 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 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 Strong and stock is gaining momentum.

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

Progress Software Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 negative zone. This is the SELL 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 53.77 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 negative.

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