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(PRGS) Progress Software complete technical analysis [charts+indicators] | Buy/Sell Progress Software | (PRGS) share price targets

Complete technical analysis of Progress Software (PRGS) by charts plus indicators, forecast predictions and share price targets for Progress Software (PRGS)

Progress Software trades in USA in Technology sector.

10 day averaged volume of Progress Software is 314053

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 51.70 51.32 51.90 50.93 1.388 times
15 Wed May 2024 51.43 51.48 51.61 51.10 1.939 times
14 Tue May 2024 51.20 51.19 51.42 50.67 0.867 times
13 Mon May 2024 50.86 51.29 51.55 50.76 0.516 times
10 Fri May 2024 50.95 50.69 51.07 50.32 2.24 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 51.4, but if it comes below 51.4, then a intra day sell could be more profitable.
If you take a sell trade below 51.4, then use 51.4 as stoploss and 50.87 as target. However if you take a buy trade in stock , then use 51.4 as stoploss and 52 as target.

Share price targets for Progress Software (PRGS)

Target Type Value
Downside Target 49.00
Upside Target 51.80
Upside Target 51.81
Upside Target 51.90
Upside Target 52.43
Upside Target 53.81
Upside Target 54.57
Upside Target 58.07
Upside Target 60.33

Intraday share price targets for Progress Software (PRGS)

Target Type Value
Downside Intraday Target 50.95
Downside Intraday Target 50.19
Upside Intraday Target 52.18
Upside Intraday Target 52.65
Downside Intraday Target 51.42

Weekly technical analysis of Progress Software (PRGS)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 51.70 51.29 51.90 50.67 1.025 times
10 Fri May 2024 50.95 50.67 51.49 50.32 0.847 times
03 Fri May 2024 50.51 50.23 50.76 49.72 0.788 times
26 Fri Apr 2024 50.34 50.81 51.81 50.18 0.832 times
19 Fri Apr 2024 50.41 51.01 51.13 49.00 1.007 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Progress Software (PRGS)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 51.70 49.99 51.90 49.79 0.331 times
30 Tue Apr 2024 49.82 53.29 53.81 49.00 0.802 times
28 Thu Mar 2024 53.31 53.25 54.57 51.50 1.004 times
29 Thu Feb 2024 53.36 56.81 58.07 52.43 1.747 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Progress Software (PRGS)

Indicator Name Indicator Value Indicator Signal
ADX 21, 17, 10 Buy
MACD -0, -1Buy
Stochastics 86Buy
CCI 139Buy
RSI 51Buy
OBV 2708631Sell
VWAP 51Buy
ADL 0Sell
ROC 3Buy
Force Index 0Sell

Price action analysis of Progress Software ( (PRGS) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Progress Software ( (PRGS) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Progress Software ( (PRGS) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Progress Software ( (PRGS) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Progress Software stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Progress Software in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Progress Software Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Progress Software in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Progress Software is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 51.18 and Progress Software (PRGS) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Progress Software (PRGS) stock. Volume based technical analysis of Progress Software (PRGS) stock is negative.

Progress Software Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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