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 PRGS
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Progress Software Corporation stock price ended at $52.63 on Wednesday, after losing 0.0380%.
(Updated on Mar 27, 2024)

Sell candidate since Mar 26, 2024 Loss -0.04% PDF

The Progress Software Corporation stock price fell by -0.0380% on the last day (Wednesday, 27th Mar 2024) from $52.65 to $52.63. During the last trading day the stock fluctuated 3.30% from a day low at $51.50 to a day high of $53.20. The price has fallen in 7 of the last 10 days and is down by -1.94% for this period. Volume has increased on the last day by 593 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $105.07 million.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $51.62 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.64% during the next 3 months and, with a 90% probability hold a price between $49.22 and $54.98 at the end of this 3-month period.

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PRGS Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, March 04, 2024, and so far it has risen 0.439%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Progress Software Corporation 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 $52.77 and $54.17. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Progress Software Corporation stock

Progress Software Corporation finds support from accumulated volume at $52.58 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 $1.70 between high and low, or 3.30%. For the last week the stock has had daily average volatility of 2.34%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

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

For the upcoming trading day on Thursday, 28th we expect Progress Software Corporation to open at $52.44, and during the day (based on 14 day Average True Range), to move between $51.57 and $53.69, which gives a possible trading interval of +/-$1.06 (+/-2.01%) up or down from last closing price. If Progress Software Corporation takes out the full calculated possible swing range there will be an estimated 4.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $52.65 (0.04%) than the support at $52.58 (0.10%), 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 Progress Software Corporation stock A Buy?

Progress Software Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -1.472 Sell Candidate Unchanged

Predicted Opening Price for Progress Software Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$52.44 ( 0.355%) $52.63

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

Trading levels for PRGS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 54.14 2.88 %
R2 53.49 1.64 %
R1 53.09 0.88 %
Current price: 52.63
Support S1 51.79 -1.59 %
S2 51.39 -2.35 %
S3 50.74 -3.58 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 53.13 0.95 %
R2 52.66 0.0570 %
R1 52.65 0.0380 %
Current price 52.63
Support S1 52.58 -0.0950%
S2 52.54 -0.171%
S3 52.48 -0.285%

PRGS Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 16, 2024 Feb 29, 2024 Mar 15, 2024 $0.175 0.333%
2 Sep 26, 2023 Nov 30, 2023 Dec 15, 2023 $0.180 0.328%
3 Jun 21, 2023 Aug 31, 2023 Sep 15, 2023 $0.175 0.308%
4 Mar 17, 2023 May 31, 2023 Sep 15, 2023 $0.175 0.308%
5 Jan 10, 2023 Feb 28, 2023 Mar 15, 2023 $0.175 0.307%

FAQ

What is the symbol for Progress Software Corporation Stock and on which exchange is it traded?
The symbol for Progress Software Corporation is PRGS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Progress Software Corporation Stock?
Progress Software Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

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

What's the current price of Progress Software Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Progress Software Corporation (PRGS) share was $52.63.

What is the 52-week high and low for Progress Software Corporation Stock?
The 52-week high for Progress Software Corporation Stock is $62.34 and the 52-week low is $49.06.

What is the market capitalization of Progress Software Corporation Stock?
As of the 2024-03-27, the market capitalization of Progress Software Corporation is 2.309B.

When is the next earnings date for Progress Software Corporation?
The upcoming earnings date for Progress Software Corporation is Jul 04, 2024.
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About Progress Software Corporation

Progress Software Progress Software Corporation develops, deploys, and manages business applications. The company offers OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; developer tools that consists of components for user interface development for Web, mobile, desktop, chat, and AR/VR apps, as well as automated application testing and reporting tools; Sitefinit... PRGS Profile

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