PROGRESS SOFTWARE

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Change:	-
Volume:	-

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High / Low range:	-

Type:	Stocks
Ticker:	PRGS
ISIN:

PROGRESS SOFTWARE - Daily - Technical analysis published on 08/06/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Bearish

Technical indicators

11%

56%

33%

My opinion

Bearish under 39.51 USD

My targets

37.20 USD (-4.66%)

35.82 USD (-8.20%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on PROGRESS SOFTWARE as long as the price remains well below 39.51 USD. The sellers” bearish objective is set at 37.20 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 35.82 USD. In case of crossing, the next objective would be the support located at 32.41 USD.

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

PROGRESS SOFTWARE rating 39.02 USD. The price is lower by -6.74% since the last closing with the lowest point at 38.55 USD and the highest point at 40.76 USD. The deviation from the price is +1.22% for the low point and -4.27% for the high point.

38.55

40.76

39.02

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of this Daily chart of PROGRESS SOFTWARE indicates that the overall trend is bearish. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

In fact, 10 technical indicators on 18 studied are currently bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

Support of triangle is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	32.41	35.82	37.20	39.02	39.51	42.73	46.13
Change (%)	-16.94%	-8.20%	-4.66%	-	+1.26%	+9.51%	+18.22%
Change	-6.61	-3.20	-1.82	-	+0.49	+3.71	+7.11
Level	Intermediate	Intermediate	Minor	-	Major	Major	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	39.70	40.42	41.13	41.85	42.56	43.28	43.99
Camarilla	41.45	41.58	41.71	41.84	41.97	42.10	42.23
Woodie	39.70	40.42	41.13	41.85	42.56	43.28	43.99
Fibonacci	40.42	40.97	41.30	41.85	42.40	42.73	43.28

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.63	39.39	40.61	42.37	43.59	45.35	46.57
Camarilla	41.02	41.29	41.57	41.84	42.11	42.39	42.66
Woodie	37.37	39.26	40.35	42.24	43.33	45.22	46.31
Fibonacci	39.39	40.53	41.23	42.37	43.51	44.21	45.35

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.53	37.67	40.48	42.62	45.43	47.57	50.38
Camarilla	41.93	42.38	42.84	43.29	43.74	44.20	44.65
Woodie	35.87	37.84	40.82	42.79	45.77	47.74	50.72
Fibonacci	37.67	39.56	40.73	42.62	44.51	45.68	47.57

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	35.56
MACD (12,26,9):	0.0800
Directional Movement:	-13.80
AROON (14):	-42.86
DEMA (21):	42.07
Parabolic SAR (0,02-0,02-0,2):	44.98
Elder Ray (13):	-2.31
Super Trend (3,10):	44.21
Zig ZAG (10):	39.02
VORTEX (21):	0.8400
Stochastique (14,3,5):	31.57
TEMA (21):	42.16
Williams %R (14):	-92.43
Chande Momentum Oscillator (20):	-3.01
Repulse (5,40,3):	-7.4400
ROCnROLL:	2
TRIX (15,9):	0.1000
Courbe Coppock:	4.25

MA7:	42.49
MA20:	41.93
MA50:	41.54
MA100:	42.23
MAexp7:	41.74
MAexp20:	41.92
MAexp50:	41.82
MAexp100:	41.25
Price / MA7:	-8.17%
Price / MA20:	-6.94%
Price / MA50:	-6.07%
Price / MA100:	-7.60%
Price / MAexp7:	-6.52%
Price / MAexp20:	-6.92%
Price / MAexp50:	-6.70%
Price / MAexp100:	-5.41%

News

Don"t forget to follow the news on PROGRESS SOFTWARE. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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