The chart of PGR reflects a clear downtrend over the past 30 days and quarter. Price has declined approximately 6% in the last month, testing lower extremes amid broader market pressures. Year-to-date, shares are down over 9%, with a 52-week range spanning 192.02 to 289.96. The stock remains below key moving averages, reinforcing bearish structure. Recent sessions show intraday volatility, with today's range from 193.06 to 200.26, but closing lower at 194.13.
Immediate support aligns around 192-193, marked by the 52-week low at 192.02, classic pivot S1 at 193.07, and S2 at 192.22. Traders note a confluence here: horizontal trendline support, slanting trendline, 50% Fibonacci retracement, and 200-week EMA. Near-term resistance emerges at pivot R1 194.76, followed by the 5-day MA near 195 and broader MAs at 197-200. A break below 192 could accelerate downside, while holding this zone may stabilize price.
Momentum favors sellers, with daily RSI(14) at 34.358 signaling sell and nearing oversold conditions. STOCH(9,6) at 30.22 and Williams %R at -84.801 indicate oversold extremes, potentially setting up short-term relief. MACD(12,26) reads -0.47, with the histogram confirming bearish divergence. CCI(14) at -135 adds to the sell bias, while ADX(14) at 32 suggests a strong trend persists. Weekly charts show bullish RSI divergence, hinting at possible reversal cues.
All moving averages flash sell signals. Price trades below the MA5 (194.88 simple), MA10 (196.82), MA20 (197.54), MA50 (196.38), MA100 (199.73), and MA200 (203.26 simple). Exponential MAs align similarly, from 195.09 (MA5) to 201.43 (MA200). The death cross configuration—shorter MAs below longer ones—underscores the downtrend. A crossover above shorter-term MAs could signal stabilization.
Recent volume averages 3.37 million shares, with today's 2.58 million below average amid downside moves. Elevated volume on declines confirms selling pressure, though some ideas note rising volume on prior confirmation bars near supports. No major spikes indicate exhaustion yet, but watch for volume pickup on any rebound attempts.
Over the last 30 days, PGR formed lower highs and lows, with multiple tests around 192-193 forming a potential double bottom. TradingView analysts highlight bullish divergence on weekly RSI alongside support confluence. Price action shows rejection from 200 intraday but holds above key lows, suggesting liquidity grabs at supports. No clear breakout yet, with consolidation possible if 193 holds.
Tickeron’s AI Daily Buy/Sell Signals leverage artificial intelligence to scrutinize vast market data, technical indicators, and price patterns, generating actionable buy or sell signals for stocks like PGR. These signals draw from trend recognition, historical behaviors, and momentum shifts to pinpoint potential entry and exit points. Traders rely on them to validate trends, time trades, and refine strategies amid volatile conditions. By automating complex analysis, the AI aids in confirming chart setups like support tests or indicator crossovers. Explore the signals for PGR to enhance your technical decisions.
Traders eye the 192-193 support zone for hold or break, with failure risking further downside toward pivot S3 at 191. Upside targets R1 at 194.76 and prior congestion near 197-200 if momentum shifts. Monitor RSI for oversold bounce, MACD for histogram turn, and volume for confirmation. Weekly bullish cues like RSI divergence and double bottom add intrigue, but daily strong sell persists until MAs realign.
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A.I.dvisor indicates that over the last year, PGR has been closely correlated with HIG. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if PGR jumps, then HIG could also see price increases.