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Archive
- 11/6/2026 -
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Progressive Corp. (PGR) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Progressive Corp. (PGR). During the week, the PGR dropped -3.51 points, or -1.52%, and closed at 227.77 on Friday, November 6, 2026. It was the worst weekly loss since September 25, 2026. PGR was trading at average weekly trading volume.
 Long-term trend: [See PGR long-term trend chart]
A long-term downtrend had started on March 17, 2025 at 293.00 and reached 189.20 on May 29, 2026. PGR lost 103.80 points, or 35.43%, in 62 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See PGR medium-term trend chart]
A medium-term uptrend had started on May 29, 2026 at 189.20 and reached 241.02 on November 5, 2026. PGR gained -51.82 points, or -27.39%, in 22 weeks. Price is near the Fibonacci 23.6% retracement level.
 Weekly Technical Indicators: [See PGR weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals.
The weekly MACD line is above its signal line since April 10, 2026. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See PGR short-term trend chart]
A short-term uptrend had started on September 24, 2026 at 200.96 and reached 241.02 on November 5, 2026. PGR gained -40.06 points, or -19.93%, in 42 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (230.91) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.
Daily Technical Indicators: [See PGR daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since October 2, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (225.55) comes close to the price (227.77). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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