Technical Analysis for PRGS - Progress Software Corporation

Grade Last Price % Change Price Change
grade C 35.97 -1.83% -0.67
PRGS closed down 1.83 percent on Thursday, April 9, 2020, on 85 percent of normal volume. It ran into resistance at its 50 day moving average. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Up
Historical PRGS trend table...

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Upper Bollinger Band Walk Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -1.83%
Stochastic Reached Overbought Strength -1.83%
Upper Bollinger Band Walk Strength -1.83%
Above Upper BB Strength -1.83%
Overbought Stochastic Strength -1.83%

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Profile

Progress Software Corporation provides software solutions to customers worldwide. The company offers Progress OpenEdge, a solution for the development and deployment of business applications; Progress DataDirect, a solution, which provides data connectivity components to connect applications running on various platforms; and Progress Decision Analytics comprising Corticon and Control Tower that are used as individually or as an integrated platform to automate business decision-making. It also offers maintenance, consulting, training, and customer support services. The company sells its products directly and through independent distributors to end-users, independent software vendors, original equipment manufacturers, and system integrators. Progress Software Corporation was founded in 1981 and is headquartered in Bedford, Massachusetts.
Computing Information Technology Equipment Manufacturers Digital Technology Software Solutions Information Technology Management System Integrators Customer Support Services Software Vendors Enterprise Application Integration

Is PRGS 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 52.5
52 Week Low 28.09
Average Volume 460,614
200-Day Moving Average 40.15
50-Day Moving Average 37.58
20-Day Moving Average 32.54
10-Day Moving Average 33.51
Average True Range 2.29
ADX 26.81
+DI 28.48
-DI 17.40
Chandelier Exit (Long, 3 ATRs ) 31.08
Chandelier Exit (Short, 3 ATRs ) 34.97
Upper Bollinger Band 36.48
Lower Bollinger Band 28.60
Percent B (%b) 0.94
BandWidth 24.20
MACD Line -0.36
MACD Signal Line -1.25
MACD Histogram 0.8894
Fundamentals Value
Market Cap 1.72 Billion
Num Shares 47.7 Million
EPS -1.10
Price-to-Earnings (P/E) Ratio -32.70
Price-to-Sales 5.11
Price-to-Book 5.21
PEG Ratio 2.31
Dividend 0.56
Dividend Yield 1.56%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 39.39
Resistance 3 (R3) 39.67 38.82 38.82
Resistance 2 (R2) 38.82 37.95 38.68 38.63
Resistance 1 (R1) 37.39 37.41 36.97 37.11 38.44
Pivot Point 36.54 36.54 36.32 36.40 36.54
Support 1 (S1) 35.11 35.67 34.69 34.83 33.50
Support 2 (S2) 34.26 35.13 34.12 33.31
Support 3 (S3) 32.83 34.26 33.12
Support 4 (S4) 32.55