PRGS NEWS why is Progress Software Corporation price falling or rising

PRGS NEWS reasons for why stock price of Progress Software Corporation is falling or rising

PRGS Progress Software is falling or rising technical reasons

Technical analysis forecast for Progress Software Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Progress Software PRGS at this time. Stock is falling and might fall more.

It appears as if Progress Software PRGS gave a large move recently.

Stock of Progress Software (PRGS) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Progress Software is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Progress Software stays below 65.6, but if it comes above 65.6, then a intra day buy could be more profitable.
If you take a sell trade below 65.6, then use 65.6 as stoploss and 63.7 as target. However if you take a buy trade in Progress Software, then use 65.6 as stoploss and 67.12 as target.

PRGS Progress Software is falling or rising NEWS fundamental reasons

More announcements and NEWS

PRGS Progress Software Corporation current price & indicator signals

Moving Averages for Progress Software Corporation

  • 5Day Average: 65.96
  • 12Day Average: 67.31
  • 20Day Average: 67.96
  • 50Day Average: 66.79
  • 100Day Average: 62.82
  • 150Day Average: 59.5
  • 200Day Average: 57.52

PRGS Indicators & signals

Indicator MACD (12,26,9)

66.83, 67.08, 0.21
Indicator MACD is in negative zone

Indicator ADX (14)

23.08, 14.81, 23.7
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 50
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of PRGS Progress Software Corporation are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
27 Fri Dec 2024 65.48 65.25 to 66.55 -1.37% 0.37 times
26 Thu Dec 2024 66.39 65.81 to 66.61 0.2% 0.57 times
24 Tue Dec 2024 66.26 65.39 to 66.39 1.49% 0.23 times
23 Mon Dec 2024 65.29 65.17 to 66.45 -1.64% 0.95 times
20 Fri Dec 2024 66.38 65.65 to 67.47 0.7% 4.33 times
19 Thu Dec 2024 65.92 65.87 to 67.34 -0.45% 1.18 times
18 Wed Dec 2024 66.22 65.95 to 69.40 -3.83% 0.84 times
17 Tue Dec 2024 68.86 68.54 to 69.53 -0.36% 0.6 times
16 Mon Dec 2024 69.11 68.35 to 69.88 0.3% 0.72 times
13 Fri Dec 2024 68.90 68.50 to 69.69 -1.05% 0.27 times
12 Thu Dec 2024 69.63 68.75 to 69.70 0.55% 0.31 times
11 Wed Dec 2024 69.25 68.38 to 69.75 0.98% 0.89 times

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PRGS NEWS why is Progress Software Corporation price falling or rising

 

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