Progressive Dips Below Lower Rail of Its Channel, But Bounces Off of 52-Week Moving Average
The stock of insurance provider Progressive Corp. (NYSE: PGR) has doubled in price in the last two years. It has been one of the most consistent climbers during that span. The gain is pretty impressive when you consider that the S&P 500 is only up 25% over the same time period.
The stock has slipped in the last few weeks, which caused it to drop below the lower rail of a trend channel that seemed to be guiding the stock higher over the last few years. Despite falling below the lower rail, the stock appears to have found support at its 52-week moving average earlier this week and has since bounced back.
The oscillators have moved sharply lower over the last few weeks and they are now at their lowest levels since July. The 10-week RSI dipped to the 40 level and the weekly stochastic readings have dipped below the 50 level for only the second time in the last two years. When the indicators were this low in July, the stock bounced off the lower rail of the channel and then jumped approximately 20% in a few months.
Progressive has some pretty impressive fundamentals to go along with the technical performance. Earnings jumped by 313% in the most recent quarter compared to the same period a year ago. Analysts expect earnings to grow by 88% for the year as a whole.
PGR's RSI Indicator ascending out of oversold territory
The RSI Indicator for PGR moved out of oversold territory on June 01, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 18 similar instances when the indicator left oversold territory. In of the 18 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 05, 2026. You may want to consider a long position or call options on PGR as a result. In of 98 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for PGR just turned positive on June 05, 2026. Looking at past instances where PGR's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .
PGR moved above its 50-day moving average on June 05, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PGR advanced for three days, in of 326 cases, the price rose further within the following month. The odds of a continued upward trend are .
PGR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PGR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for PGR entered a downward trend on May 19, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 59, placing this stock slightly better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: PGR's P/B Ratio (3.719) is slightly higher than the industry average of (1.923). P/E Ratio (10.387) is within average values for comparable stocks, (15.284). PGR's Projected Growth (PEG Ratio) (31.338) is very high in comparison to the industry average of (5.095). PGR's Dividend Yield (0.068) is considerably higher than the industry average of (0.025). P/S Ratio (1.343) is also within normal values, averaging (1.416).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. PGR’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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General Information
a provider of automobile and casualty insurance services
Industry PropertyCasualtyInsurance
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