The Greedy Trader Weekly Analysis
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- 7/2/2026 -
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Progressive Corp. (PGR) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtMACD bearish divergenceThe price touches the upper Bollinger Band
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It was a third consecutive positive week for the Progressive Corp. (PGR). During the week, the PGR gained 7.88 points, or 3.51%, and closed at 232.22 on Thursday, July 2, 2026. PGR was trading at average weekly trading volume.

PGR is a member of Financials Sector. Financials is the 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 189.20 on May 29, 2026. PGR lost 103.80 points, or 35.43%, in 62 weeks. The price is now at the 41.45% retracement 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 232.30 on July 2, 2026. PGR gained -43.10 points, or -22.78%, in 4 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (224.25) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

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 June 30, 2026 at 218.00 and reached 232.30 on July 2, 2026. PGR gained -14.30 points, or -6.56%, in 2 days. Price is near the trend high.

Daily Technical Indicators: [See PGR daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily 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 daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since June 4, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.

The price touches the upper Bollinger Band. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.73
Williams' Percentage Range (W%R) 16.60
Overbought
Lane's Stochastic (%D-Slow) 89.37
Overbought
Greed/Fear Indicator (GFI) 83.84
Overbought
Moving Average Converg./Diverg. (MACD) 4.76 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.75
Williams' Percentage Range (W%R) 14.60
Overbought
Lane's Stochastic (%D-Slow) 67.36
Greed/Fear Indicator (GFI) 71.12
Moving Average Converg./Diverg. (MACD) -6.68
Trading Signals
Description Value Chart
Upper Bollinger Band 232.62
Price 232.22
Monthly Trendline Resistance 230.87
Daily Stochastic Crossing 229.41
Monthly Trendline Support 224.25
Weekly Stochastic Crossing 223.28
Parabolic System 222.09
20 Day Moving Average 210.30
50 Day Moving Average 203.28
Lower Bollinger Band 192.71
Sector and Industry
Description Name Rank
Sector Financials 12
Industry Property & Casualty Insurance 88
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 218.00
Low Date 06/30/2026
High 232.30
High Date 07/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 218.00
Low Date 06/30/2026
High 232.30
High Date 07/02/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 230.87
Support 224.25
Low 189.20
Low Date 05/29/2026
High 232.30
High Date 07/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 293.00
High Date 03/17/2025
Low 189.20
Low Date 05/29/2026
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.