Technical Analysis for PGR - Progressive Corporation (The)

Grade Last Price % Change Price Change
A 135.67 0.20% 0.27
PGR closed up 0.24 percent on Monday, January 30, 2023, on approximately normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Overbought Stochastic Strength 0.20%
Slingshot Bullish Bullish Swing Setup 0.44%
Stochastic Reached Overbought Strength 0.44%
Overbought Stochastic Strength 0.44%
MACD Bullish Signal Line Cross Bullish 0.56%
New 52 Week High Strength 0.56%
Upper Bollinger Band Touch Strength 0.56%
Crossed Above 20 DMA Bullish 0.15%
Crossed Above 50 DMA Bullish 0.15%
MACD Bullish Centerline Cross Bullish 0.15%

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Profile

Progressive Corporation (The) Description

The Progressive Corporation, through its subsidiaries, provides personal and commercial automobile insurance, and other specialty property-casualty insurance products and related services primarily in the United States. The company's property-casualty insurance products protect its customers against losses due to collision and physical damage to their motor vehicles, uninsured and underinsured bodily injury, and liability to others for personal injury or property damage arising out of the use of those vehicles. Its Personal Lines segment offers personal lines products that comprise insurance for personal autos and special lines products, including motorcycles, ATVs, RVs, mobile homes, watercraft, and snowmobiles. The company's Commercial Auto segment provides primary liability and physical damage insurance for autos, vans, pick-up trucks, and dump trucks used by small businesses; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses and non-fleet long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, and coal-type businesses; and tow–tow trucks and wreckers used in towing services and gas/service station businesses. It also operates as an agent for homeowners, general liability, and workers' compensation insurance; provides policy issuance and claims adjusting services for the commercial auto insurance procedures/plans; and sells personal auto insurance on an Internet-only basis in Australia. The company sells its products and services through independent insurance agencies, as well as directly to consumers online, on a mobile device, and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield Village, Ohio


Classification

Sector: Financial Services
Industry: Insurance - Property & Casualty
Keywords: S&P 500 Insurance Mobile Devices Casualty Insurance General Insurance Compensation Insurance Vehicle Insurance Lines Products Personal And Commercial Automobile Insurance Personal Lines Products Physical Damage Insurance

Is PGR a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 136.34
52 Week Low 100.7432
Average Volume 2,037,190
200-Day Moving Average 121.36
50-Day Moving Average 130.27
20-Day Moving Average 131.52
10-Day Moving Average 130.96
Average True Range 2.59
RSI 61.24
ADX 19.83
+DI 29.65
-DI 16.50
Chandelier Exit (Long, 3 ATRs) 128.57
Chandelier Exit (Short, 3 ATRs) 133.08
Upper Bollinger Bands 137.23
Lower Bollinger Band 125.82
Percent B (%b) 0.84
BandWidth 8.67
MACD Line 1.09
MACD Signal Line 0.58
MACD Histogram 0.5143
Fundamentals Value
Market Cap 79.26 Billion
Num Shares 585 Million
EPS 8.63
Price-to-Earnings (P/E) Ratio 15.69
Price-to-Sales 1.25
Price-to-Book 2.97
PEG Ratio 3.32
Dividend 0.40
Dividend Yield 0.30%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 137.71
Resistance 3 (R3) 137.68 136.89 137.33
Resistance 2 (R2) 136.89 136.30 136.90 137.20
Resistance 1 (R1) 136.14 135.93 136.17 136.17 137.07
Pivot Point 135.35 135.35 135.36 135.36 135.35
Support 1 (S1) 134.60 134.76 134.63 134.63 133.73
Support 2 (S2) 133.81 134.39 133.82 133.60
Support 3 (S3) 133.06 133.81 133.48
Support 4 (S4) 133.09