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Progress Software Corporation

PRGS Technical Analysis Summary (NASDAQ)

Analyze PRGS on the NASDAQ with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

PRGS●NASDAQ
TechnologySoftware - Infrastructure
$39.41
$0.07(0.18%)
U.S. Market opens in 0h 32m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

PRGS Technical Analysis Summary (NASDAQ)

Progress Software Corporation (NASDAQ: PRGS) stock currently shows a neutral trend on the NASDAQ, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Bearish to Weak (RSI: 39.16)
Trend Strength:Weak (ADX: 18.24)
Volatility:Medium (ATR: 1.75)
Support/Resistance:$37.82 – $45.90 (Bollinger Bands)

Technical conditions suggest Progress Software Corporation on the NASDAQ is awaiting a decisive move. This mix signals that Progress Software Corporation is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 39.16

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 13.43

Bullish
Oversold zone signals rebound potential.

Williams %R: -76.13

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -7.39

Strongly Bearish
Sharp downside momentum.

Takeaway:Progress Software Corporation shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: -0.76

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 18.24

Weak
Weak trend, market trading sideways.

ATR (14): 1.75

Low
Low volatility, stable price action.

CCI (14): -174.55

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:Progress Software Corporation shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$45.90
Middle Band (SMA 20)
$41.86
Lower Band
$37.82
Current Position
Within Bands

Takeaway:Progress Software Corporation trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$44.79
Middle Line (EMA 20)
$41.28
Lower Channel
$37.78
Squeeze Status
No Squeeze

Takeaway:Progress Software Corporation trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume2.41M
Money Flow Index34.93Bearish, selling pressure outweighs inflows.
Relative Vigor Index34.03Bearish, price momentum favors sellers.

Overall Takeaway:PRGS shows bearish money flow, with sellers dominating volume and vigor.

Technical Trading Signals Summary
Based on the current technical analysis of Progress Software Corporation (NASDAQ: PRGS), here are the key trading signals and recommendations:

Bullish Signals

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Progress Software Corporation are mixed, suggesting a Hold or wait-and-see approach.

(NASDAQ: PRGS) Technical Analysis FAQ