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Archive
- 10/9/2026 -
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Progressive Corp. (PGR) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a second positive week after 3 consecutive negative weeks for the Progressive Corp. (PGR). During the week, the PGR gained 7.12 points, or 3.39%, and closed at 217.43 on Friday, October 9, 2026. It was the best weekly gain since August 21, 2026. Weekly volume was -25% below average.
 Long-term trend: [See PGR long-term trend chart]
A long-term uptrend had started on May 29, 2026 at 189.20 and reached 239.38 on July 7, 2026. PGR gained -50.18 points, or -26.52%, in 5 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend support (229.11) 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 long-term trend.
 Medium-term trend: [See PGR medium-term trend chart]
A medium-term downtrend had started on September 3, 2026 at 225.45 and reached 200.96 on September 24, 2026. PGR lost 24.49 points, or 10.86%, in 3 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (189.29) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. PGR may retest the broken resistance line. It is considered to be a support line now. 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See PGR weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since April 10, 2026. The distance between MACD and the signal line is low, but getting bigger. 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 220.17 on October 9, 2026. PGR gained -19.21 points, or -9.56%, in 15 days. The price is now at the 14.26% retracement level.
 Daily Technical Indicators: [See PGR daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. 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 link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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