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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 2024-02-12 View latest technical analysis

10 day averaged volume of Progress Software is 409280

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Feb 2024	56.72	57.29	57.33	56.71	0.49 times
09 Fri Feb 2024	57.14	57.38	57.60	57.00	0.999 times
08 Thu Feb 2024	57.38	56.81	57.40	56.59	0.621 times
07 Wed Feb 2024	56.81	57.44	57.57	56.77	0.775 times
06 Tue Feb 2024	57.45	56.81	57.48	56.74	1.647 times
05 Mon Feb 2024	56.68	56.67	56.90	56.15	1.02 times
02 Fri Feb 2024	57.22	57.79	58.07	57.01	0.998 times
01 Thu Feb 2024	57.93	56.81	57.99	56.28	1.148 times
31 Wed Jan 2024	56.81	57.26	57.72	56.73	0.933 times
30 Tue Jan 2024	57.56	57.70	58.07	57.46	0.797 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 56.2 as stoploss in an intra day buy trade for a target of 57.54. However, stock will show a bearish move below 56.2.

Share price targets for Progress Software (PRGS)

Target Type	Value
Downside Target	49.02
Downside Target	51.80
Downside Target	54.72
Downside Target	56.13
Upside Target	57.33
Upside Target	57.60
Upside Target	58.00
Upside Target	58.07
Upside Target	60.33

Intraday share price targets for Progress Software (PRGS)

Target Type	Value
Downside Intraday Target	56.51
Downside Intraday Target	56.3
Upside Intraday Target	57.13
Upside Intraday Target	57.54
Upside Intraday Target	56.92

Weekly technical analysis of Progress Software (PRGS)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Feb 2024	56.72	57.29	57.33	56.71	0.097 times
09 Fri Feb 2024	57.14	56.67	57.60	56.15	1.025 times
02 Fri Feb 2024	57.22	57.10	58.07	56.28	1.059 times
26 Fri Jan 2024	58.41	58.38	60.33	58.00	0.737 times
19 Fri Jan 2024	57.91	53.72	58.00	52.99	7.773 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 Mon Feb 2024	56.72	56.81	58.07	56.15	0.376 times
31 Wed Jan 2024	56.81	54.09	60.33	51.80	1.422 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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Progress Software ( (PRGS) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Weak and stock is gaining momentum.

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

Progress Software Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 57.22 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.