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Progress Software Corporation

PRGS•NASDAQ
Technology
Software - Application
$26.21
$-2.16(-7.61%)
U.S. Market is Open • 11:01

Progress Software Corporation (PRGS) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Progress Software Corporation (NASDAQ:PRGS).

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

Progress Software Corporation stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 42.03)
Trend Strength:Weak (ADX: 14.96)
Volatility:High (ATR: 1.60)
Support/Resistance:$26.35 – $31.40 (Bollinger Bands)

Technical conditions suggest Progress Software Corporation is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 42.03

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 43.72

Neutral
Mid-range signal with no clear trend.

Williams %R: -76.82

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -10.31

Strongly Bearish
Sharp downside momentum.

Takeaway:Progress Software Corporation shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: -0.45

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 14.96

Weak
Weak trend, market trading sideways.

ATR (14): 1.60

Low
Low volatility, stable price action.

CCI (14): -48.39

Bearish
Bearish, momentum remains under pressure.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$31.40
Middle Band (SMA 20)
$28.87
Lower Band
$26.35
Current Position
Below Lower Band

Takeaway:Progress Software Corporation trades near the lower band, signaling oversold conditions and potential rebound.

Keltner Channels
Upper Channel
$31.92
Middle Line (EMA 20)
$28.73
Lower Channel
$25.54
Squeeze Status
Squeeze On

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

Volume & Money Flow Analysis
On-Balance Volume6.49M
Money Flow Index44.74Neutral, balanced money flows with no clear signal.
Relative Vigor Index52.32Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:PRGS shows neutral money flow, with no clear directional pressure.

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

Bullish Signals

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

Bearish Signals

No significant bearish signals detected.

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

Technical Analysis FAQ