Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-02-28 View latest technical analysis

10 day averaged volume of Progress Software is 542390

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	52.66	52.91	54.00	52.43	8.453 times
27 Tue Feb 2024	53.13	53.60	54.69	53.07	4.422 times
26 Mon Feb 2024	56.07	56.17	56.51	55.82	0.635 times
23 Fri Feb 2024	56.49	55.06	56.55	54.62	0.49 times
22 Thu Feb 2024	54.80	55.00	55.25	54.43	1.103 times
21 Wed Feb 2024	54.68	55.10	55.10	54.11	0.647 times
20 Tue Feb 2024	55.56	55.64	56.03	55.48	0.499 times
16 Fri Feb 2024	56.12	56.23	56.95	55.82	0.479 times
15 Thu Feb 2024	56.35	55.94	56.47	55.81	0.534 times
14 Wed Feb 2024	55.46	55.53	55.64	54.96	0.465 times

Stock of Progress Software (PRGS) has showed a significant fall. This could be a good time to exit from this stock.

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 53, for a target of 54.7 or 56.02

Share price targets for Progress Software (PRGS)

Target Type	Value
Downside Target	49.02
Downside Target	51.80
Upside Target	54.11
Upside Target	56.13
Upside Target	56.28
Upside Target	56.51
Upside Target	56.55
Upside Target	57.33
Upside Target	57.60
Upside Target	58.07
Upside Target	60.33

Intraday share price targets for Progress Software (PRGS)

Target Type	Value
Downside Intraday Target	51.22
Downside Intraday Target	49.79
Upside Intraday Target	55.3
Upside Intraday Target	57.95
Upside Intraday Target	53.87

Weekly technical analysis of Progress Software (PRGS)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	52.66	56.17	56.51	52.43	4.931 times
23 Fri Feb 2024	56.49	55.64	56.55	54.11	1.065 times
16 Fri Feb 2024	56.12	57.29	57.33	54.66	0.674 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

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
28 Wed Feb 2024	52.66	56.81	58.07	52.43	1.571 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, and volume has increased substantially. This means that the move can 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 red color and prices are below the red 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 53.57 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.