Weaker Buy Today PRGS ranks #1492 as BUY CANDIDATE. Stronger Buy
Today PRGS ranks #1492 as BUY CANDIDATE.

PRGS stock Progress Software Corporation

PRGS stock
Progress Software Corporation

April 22, 2019
Change 1.30%
Chart period: 2019-01-23 - 2019-04-22
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

Will PRGS stock price go up or down on Tue, 23 Apr 2019?

Progress Software Corporation Forecast and Stock Analysis

Technical PRGS stock analysis for April 22, 2019.

Buy candidate since 2019-04-22
Shorts n/a
Cash n/a
Loans n/a
Beta 0.71
ROA 9.11

Progress Software Corporation gained 1.30% in the last trading day, rising from $44.65 to $45.23 The price has fallen in 7 of the last 10 days , but is still up by 0.27% over the past 2 weeks. Volume fell in the last day by -27 894 shares, and in total, 287 241 shares bought and sold for approximately $12.99 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Close price at the end of the last trading day (Monday, 22nd Apr 2019) of the PRGS stock was $45.23. This is 1.3% more than the trading day before Thursday, 18th Apr 2019.

During day the stock fluctuated 1.94% from a day low at $44.41 to a day high of $45.27.

30 day high of the PRGS stock price was $47.60 and low was $35.68.
90 day high was $47.60 and low was $34.14.
52 week high for the Progress Software Corporation - $47.60 and low - $30.23.

Trend

Progress Software Corporation lies in the middle of a wide 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 28.39% during the next 3 months and, with 90% probability hold a price between $50.34 and $60.02 at the end of this period.

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Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Friday April 12, 2019, which indicates further falls until a new bottom pivot has been found. Progress Software Corporation holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $45.40. On a fall, the stock will find some support from the long-term average at approximately $40.60. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

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Relative Strength Index (RSI)

RSI14 is 50 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Progress Software Corporation finds support from accumulated volume at $45.20.

Support: $45.20 Price: $45.23 Resistance: $45.30

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.86 between high and low, or 1.94%. For the last week, the stock has had a daily average volatility of 1.90%.

Our recommended stoploss: $43.00 (-4.93%) (This stock has high daily movements and this gives high risk. There is a sell signal from pivot top found 5 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

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 this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Weaker Buy Today PRGS ranks #1492 as BUY CANDIDATE. Stronger Buy
Today PRGS ranks #1492 as BUY CANDIDATE.