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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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Stronger technical forecast for Progressive Corporation (The) stock price after Wednesday trading.
(Updated on May 22, 2024)

Hold candidate since May 22, 2024 PDF

The Progressive Corporation (The) stock price fell by -1.45% on the last day (Wednesday, 22nd May 2024) from $209.38 to $206.34. During the last trading day the stock fluctuated 1.72% from a day low at $206.33 to a day high of $209.87. The price has fallen in 6 of the last 10 days and is down by -4.43% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -164 thousand shares and in total, 2 million shares were bought and sold for approximately $346.26 million.

The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $206.16 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 10.01% during the next 3 months and, with a 90% probability hold a price between $226.80 and $241.05 at the end of this 3-month period.

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PGR Signals & Forecast

There are few to no technical positive signals at the moment. The Progressive Corporation (The) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $208.84 and $209.96. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -4.43%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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

Progressive Corporation (The) finds support from accumulated volume at $206.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $3.54 between high and low, or 1.72%. For the last week the stock has had daily average volatility of 1.72%.

Our recommended stop-loss: $197.37 (-4.35%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (PGR) For The Upcoming Trading Day Of Thursday 23rd

For the upcoming trading day on Thursday, 23rd we expect Progressive Corporation (The) to open at $207.51, and during the day (based on 14 day Average True Range), to move between $202.43 and $210.25, which gives a possible trading interval of +/-$3.91 (+/-1.89%) up or down from last closing price. If Progressive Corporation (The) takes out the full calculated possible swing range there will be an estimated 3.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $206.15 (0.09%) than the resistance at $207.01 (0.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Progressive Corporation (The) stock A Buy?

Progressive Corporation (The) holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.572 Hold/Accumulate Upgraded

Predicted Opening Price for Progressive Corporation (The) of Thursday, May 23, 2024

Fair opening price May 23, 2024 Current price
$207.51 ( 0.569%) $206.34

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 211.05 2.28 %
R2 209.70 1.63 %
R1 208.87 1.22 %
Current price: 206.34
Support S1 206.16 -0.0867 %
S2 205.33 -0.492 %
S3 203.97 -1.15 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 214.69 4.05 %
R2 209.25 1.41 %
R1 207.01 0.325 %
Current price 206.34
Support S1 206.15 -0.0921%
S2 204.88 -0.708%
S3 203.90 -1.18%

PGR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 10, 2024 Jul 03, 2024 Jul 12, 2024 $0.100 0.0485%
2 Mar 04, 2024 Apr 03, 2024 Apr 12, 2024 $0.100 0.0490%
3 Dec 01, 2023 Jan 18, 2024 Jan 26, 2024 $0.750 0.418%
4 Aug 04, 2023 Oct 04, 2023 Oct 13, 2023 $0.100 0.0645%
5 May 12, 2023 Jul 06, 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?
Progressive Corporation (The) holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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 May 22, 2024, the price of an Progressive Corporation (The) (PGR) share was $206.34.

What is the 52-week high and low for Progressive Corporation (The) Stock?
The 52-week high for Progressive Corporation (The) Stock is $217.77 and the 52-week low is $111.41.

What is the market capitalization of Progressive Corporation (The) Stock?
As of the May 22, 2024, the market capitalization of Progressive Corporation (The) is 122.633B.

When is the next earnings date for Progressive Corporation (The)?
The upcoming earnings date for Progressive Corporation (The) is Jul 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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