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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 2024-01-23 View latest technical analysis

10 day averaged volume of Progress Software is 464800

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	59.73	59.58	59.90	59.09	0.64 times
22 Mon Jan 2024	59.30	58.38	59.53	58.00	1.168 times
19 Fri Jan 2024	57.91	58.00	58.00	57.11	0.74 times
18 Thu Jan 2024	57.83	56.65	57.92	56.65	1.91 times
17 Wed Jan 2024	56.55	56.00	56.63	52.99	2.094 times
16 Tue Jan 2024	53.61	53.72	53.92	53.21	0.829 times
12 Fri Jan 2024	54.00	53.85	54.47	53.73	0.717 times
12 Fri Jan 2024	54.00	53.85	54.47	53.73	0.717 times
11 Thu Jan 2024	53.33	53.62	53.85	52.88	0.592 times
10 Wed Jan 2024	53.72	52.59	53.86	52.59	0.897 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 59.6, for a target of 57 or 54.75

Share price targets for Progress Software (PRGS)

Target Type	Value
Downside Target	49.02
Downside Target	51.80
Downside Target	54.47
Downside Target	54.72
Downside Target	54.92
Downside Target	56.13
Downside Target	58.00
Upside Target	59.90
Upside Target	61.50

Intraday share price targets for Progress Software (PRGS)

Target Type	Value
Downside Intraday Target	58.52
Downside Intraday Target	57.31
Upside Intraday Target	60.42
Upside Intraday Target	61.11
Downside Intraday Target	59.21

Weekly technical analysis of Progress Software (PRGS)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	59.73	58.38	59.90	58.00	0.324 times
19 Fri Jan 2024	57.91	53.72	58.00	52.99	7.773 times
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

Price has moved up 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
23 Tue Jan 2024	59.73	54.09	59.90	51.80	1.047 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 up 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 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 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 and the buy signal is strong.

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Progress Software in short term and BUY signal is strong.

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 56.37 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 is giving positive 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.