RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PGR
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Green day on Wednesday for Progressive Corporation (The) stock after gaining 0.733%
(Updated on Mar 27, 2024)

Buy or Hold candidate since Jan 03, 2024 Gain 26.34% PDF

The Progressive Corporation (The) stock price gained 0.733% on the last trading day (Wednesday, 27th Mar 2024), rising from $204.65 to $206.15. During the last trading day the stock fluctuated 1.00% from a day low at $204.27 to a day high of $206.30. The price has risen in 7 of the last 10 days and is up by 3.21% over the past 2 weeks. Volume fell on the last day by -278 thousand shares and in total, 2 million shares were bought and sold for approximately $457.74 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a narrow and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 28.76% during the next 3 months and, with a 90% probability hold a price between $259.82 and $272.76 at the end of this 3-month period.

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PGR Signals & Forecast

The Progressive Corporation (The) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $205.61 and $194.68. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -0.126%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Progressive Corporation (The) stock

Progressive Corporation (The) finds support from accumulated volume at $204.88 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.04 between high and low, or 1.00%. For the last week, the stock has had daily average volatility of 1.32%.

Our recommended stop-loss: $199.98 (-2.99%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (PGR) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Progressive Corporation (The) to open at $205.57, and during the day (based on 14 day Average True Range), to move between $203.03 and $209.27, which gives a possible trading interval of +/-$3.12 (+/-1.51%) up or down from last closing price. If Progressive Corporation (The) takes out the full calculated possible swing range there will be an estimated 3.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $206.41 (0.13%) than the support at $204.88 (0.62%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Progressive Corporation (The) stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Progressive Corporation (The) stock to perform well in the short-term.

Current score: 4.939 Buy Candidate Unchanged

Predicted Opening Price for Progressive Corporation (The) of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$205.57 ( 0.281%) $206.15

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PGR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 207.61 0.707 %
R2 206.83 0.330 %
R1 206.35 0.0965 %
Current price: 206.15
Support S1 204.79 -0.658 %
S2 204.31 -0.89 %
S3 203.54 -1.27 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 206.41 0.126 %
Current price 206.15
Support S1 204.88 -0.616%
S2 189.24 -8.20%
S3 178.36 -13.48%

PGR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 04, 2024 Apr 03, 2024 Apr 12, 2024 $0.100 0.0485%
2 Dec 01, 2023 Jan 18, 2024 Jan 26, 2024 $0.750 0.418%
3 Aug 04, 2023 Oct 04, 2023 Oct 13, 2023 $0.100 0.0645%
4 May 12, 2023 Jul 06, 2023 Jul 14, 2023 $0.100 0.0856%
5 Mar 03, 2023 Apr 05, 2023 Jul 14, 2023 $0.100 0.0856%

FAQ

What is the symbol for Progressive Corporation (The) Stock and on which exchange is it traded?
The symbol for Progressive Corporation (The) is PGR and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Progressive Corporation (The) Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Progressive Corporation (The) stock to perform well in the short-term.

How to buy Progressive Corporation (The) Stock?
Progressive Corporation (The) Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Progressive Corporation (The) Stock.

What's the current price of Progressive Corporation (The) Stock?
As of the end of day on the 2024-03-27, the price of an Progressive Corporation (The) (PGR) share was $206.15.

What is the 52-week high and low for Progressive Corporation (The) Stock?
The 52-week high for Progressive Corporation (The) Stock is $207.87 and the 52-week low is $111.41.

What is the market capitalization of Progressive Corporation (The) Stock?
As of the 2024-03-27, the market capitalization of Progressive Corporation (The) is 120.738B.

When is the next earnings date for Progressive Corporation (The)?
The upcoming earnings date for Progressive Corporation (The) is Apr 11, 2024.
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About Progressive Corporation (The)

Progressive  (The) The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment writes insurance for personal autos and recreational vehicles (RV). This segment'... PGR Profile

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