PROGRESSIVE CORP.

8,030.06 USD (+1.16%)

03/14/2025 - 15:58 Open 15 min delayed data - NYSE Stocks

Open:	7,924.22
Change:	+91.85
Volume:	2,615,807

Low:	7,916.58
High:	8,044.44
High / Low range:	127.86

Type:	Stocks
Ticker:	PGR
ISIN:

PROGRESSIVE CORP. - Daily - Technical analysis published on 11/07/2023 (GMT)

176
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11/07/2023 - 15:20
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Londinia

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Timeframe : Daily
- Analysis generated on 11/07/2023 - 15:20
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

44%

11%

44%

My opinion

Bullish above 148.78 USD

My targets

166.90 USD (+5.50%)

175.70 USD (+11.06%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PROGRESSIVE CORP. as long as the price remains well above 148.78 USD. The buyers' bullish objective is set at 166.90 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 175.70 USD. If there is any crossing, the next objective would be the resistance located at 190.41 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

The PROGRESSIVE CORP. rating is 158.20 USD. On the day, this instrument lost -0.02% and was between 157.99 USD and 159.00 USD. This implies that the price is at +0.13% from its lowest and at -0.50% from its highest.

157.99

159.00

158.20

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by PROGRESSIVE CORP.:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of PROGRESSIVE CORP. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	124.90	134.89	148.78	158.20	159.18
Change (%)	-21.05%	-14.73%	-5.95%	-	+0.62%
Change	-33.30	-23.31	-9.42	-	+0.98
Level	Intermediate	Intermediate	Major	-	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	155.59	156.22	157.23	157.86	158.87	159.50	160.51
Camarilla	157.78	157.93	158.08	158.23	158.38	158.53	158.68
Woodie	155.77	156.32	157.41	157.96	159.05	159.60	160.69
Fibonacci	156.22	156.85	157.24	157.86	158.49	158.88	159.50

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	145.25	149.24	152.72	156.71	160.19	164.18	167.66
Camarilla	154.16	154.84	155.53	156.21	156.90	157.58	158.26
Woodie	145.01	149.11	152.48	156.58	159.95	164.05	167.42
Fibonacci	149.24	152.09	153.85	156.71	159.56	161.32	164.18

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	119.88	128.68	143.39	152.19	166.90	175.70	190.41
Camarilla	151.63	153.78	155.94	158.09	160.25	162.40	164.56
Woodie	122.83	130.16	146.34	153.67	169.85	177.18	193.36
Fibonacci	128.68	137.66	143.21	152.19	161.17	166.72	175.70

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	63.48
MACD (12,26,9):	3.7500
Directional Movement:	15.70
AROON (14):	-50.00
DEMA (21):	159.51
Parabolic SAR (0,02-0,02-0,2):	152.76
Elder Ray (13):	2.35
Super Trend (3,10):	150.63
Zig ZAG (10):	157.99
VORTEX (21):	1.1200
Stochastique (14,3,5):	64.62
TEMA (21):	159.70
Williams %R (14):	-25.71
Chande Momentum Oscillator (20):	3.53
Repulse (5,40,3):	-0.3200
ROCnROLL:	1
TRIX (15,9):	0.4100
Courbe Coppock:	5.37

MA7:	157.77
MA20:	155.37
MA50:	145.62
MA100:	136.92
MAexp7:	157.44
MAexp20:	154.30
MAexp50:	147.27
MAexp100:	141.43
Price / MA7:	+0.27%
Price / MA20:	+1.82%
Price / MA50:	+8.64%
Price / MA100:	+15.54%
Price / MAexp7:	+0.48%
Price / MAexp20:	+2.53%
Price / MAexp50:	+7.42%
Price / MAexp100:	+11.86%

Quotes : 11/07/2023 - 15:04 - 15 min delayed data - NYSE Stocks

News

The last news published on PROGRESSIVE CORP. at the time of the generation of this analysis was as follows:

06/12/2019 - 12:37 Progressive Reports May 2019 Results
05/15/2019 - 12:32 Progressive Announces Quarterly Common Share Dividend, Share Repurchase Authorization, and April Results
04/24/2019 - 20:00 Progressive Announces Investor Relations Conference Call
04/16/2019 - 12:21 Progressive Reports March 2019 Results
03/13/2019 - 12:30 Progressive Reports February 2019 Results

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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