The Greedy Trader Weekly Analysis
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- 5/8/2026 -
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Progressive Corp. (PGR) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversoldLane's Stochastic bullish divergenceTrend support at 199.01
Daily :Lane's Stochastic is oversold
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It was the negative week for the Progressive Corp. (PGR). During the week, the PGR dropped -5.31 points, or -2.66%, and closed at 194.00 on Friday, May 8, 2026. It was the worst weekly loss since March 27, 2026. Weekly volume was -10% below average.

PGR is a member of Financials Sector. Financials is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See PGR long-term trend chart]
A long-term downtrend had started on March 17, 2025 at 293.00 and reached 191.75 on May 8, 2026. PGR lost 101.25 points, or 34.56%, in 59 weeks. Price is near the trend low.

Medium-term trend: [See PGR medium-term trend chart]
A medium-term downtrend had started on December 16, 2025 at 237.44 and reached 191.75 on May 8, 2026. PGR lost 45.69 points, or 19.24%, in 20 weeks. The chart has formed a Descending Triangle chart pattern. The price is near the trend support (199.01) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See PGR weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish 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. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 10, 2026. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See PGR short-term trend chart]
A short-term downtrend had started on April 21, 2026 at 208.46 and reached 191.75 on May 8, 2026. PGR lost 16.71 points, or 8.02%, in 17 days. The price is now at the 13.46% retracement level.

Daily Technical Indicators: [See PGR daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.

The daily MACD line is below its signal line since April 30, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.52
Williams' Percentage Range (W%R) 76.50
Lane's Stochastic (%D-Slow) 16.07
Oversold
Greed/Fear Indicator (GFI) 24.04
Moving Average Converg./Diverg. (MACD) -0.76
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.54
Williams' Percentage Range (W%R) 91.40
Strong Oversold
Lane's Stochastic (%D-Slow) 34.82
Bullish
Greed/Fear Indicator (GFI) 29.33
Moving Average Converg./Diverg. (MACD) -9.07
Trading Signals
Description Value Chart
Upper Bollinger Band 206.18
50 Day Moving Average 202.39
20 Day Moving Average 200.67
Parabolic System 200.45
Monthly Trendline Support 199.01
Weekly Stochastic Crossing 198.11
Price 194.00
Monthly Trendline Resistance 193.72
Daily Stochastic Crossing 193.37
Lower Bollinger Band 193.05
Sector and Industry
Description Name Rank
Sector Financials 8
Industry Property & Casualty Insurance 49
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 208.46
High Date 04/21/2026
Low 191.75
Low Date 05/08/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 208.10
High Date 03/24/2026
Low 191.75
Low Date 05/08/2026
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Test Support
Resistance 193.72
Support 199.01
High 237.44
High Date 12/16/2025
Low 191.75
Low Date 05/08/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 293.00
High Date 03/17/2025
Low 191.75
Low Date 05/08/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 9.76
Low Date 03/10/2009
High 293.00
High Date 03/17/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.