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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 2024-01-12 View latest technical analysis

10 day averaged volume of Progress Software is 254470

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Jan 2024	54.00	53.85	54.47	53.73	1.309 times
12 Fri Jan 2024	54.00	53.85	54.47	53.73	1.309 times
11 Thu Jan 2024	53.33	53.62	53.85	52.88	1.082 times
10 Wed Jan 2024	53.72	52.59	53.86	52.59	1.638 times
09 Tue Jan 2024	52.67	52.69	53.04	52.56	0.616 times
08 Mon Jan 2024	53.25	52.12	53.28	52.12	0.773 times
05 Fri Jan 2024	52.07	52.02	52.34	51.80	0.707 times
04 Thu Jan 2024	52.39	52.72	52.87	52.30	0.82 times
03 Wed Jan 2024	52.50	54.20	54.32	52.50	1.318 times
02 Tue Jan 2024	54.29	54.09	54.31	53.71	1.188 times

My analysis of stock is bearish for shortterm, and stock might move down till 53 or till 51.8. Use a stoploss of 54.05 and if the stock hits stoploss, then it can shoot up till 55.07

Share price targets for Progress Software (PRGS)

Target Type	Value
Downside Target	49.02
Downside Target	51.80
Upside Target	54.47
Upside Target	54.49
Upside Target	54.72
Upside Target	54.92
Upside Target	55.65
Upside Target	56.13
Upside Target	61.50

Intraday share price targets for Progress Software (PRGS)

Target Type	Value
Downside Intraday Target	53.66
Downside Intraday Target	53.33
Upside Intraday Target	54.4
Upside Intraday Target	54.81
Upside Intraday Target	54.07

Weekly technical analysis of Progress Software (PRGS)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Jan 2024	54.00	53.85	54.47	53.73	0.242 times
12 Fri Jan 2024	54.00	52.12	54.47	52.12	1.344 times
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

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

Monthly technical analysis of Progress Software (PRGS)

Date	Monthly Closing Price	Open	High	Low	Volume
12 Fri Jan 2024	54.00	54.09	54.47	51.80	0.465 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 BUY. Signal strength is Strong and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Progress Software Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a SELL signal for Progress Software in short term

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 53.36 and Progress Software (PRGS) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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.