Question 1

What implications does the 10-day RSI indicator have for PRGS?

Accepted Answer

The 10-day RSI Indicator for PRGS moved out of overbought territory on July 31, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 33 similar instances where the indicator moved out of overbought territory. In 21 of the 33 cases, the stock moved lower in the following days. This puts the odds of a move lower at 0%.

Question 2

What does the Stochastic Oscillator suggest about PRGS's trend?

Accepted Answer

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Question 3

How did PRGS's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on August 16, 2024. You may want to consider a long position or call options on PRGS as a result. In 58 of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 0%.

Question 4

What does MACD indicator imply for PRGS?

Accepted Answer

The Moving Average Convergence Divergence Histogram (MACD) for PRGS turned negative on August 02, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In 28 of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at 0%.

Question 5

What does a 3-day price advance indicate for PRGS?

Accepted Answer

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where PRGS advanced for three days, in 208 of 331 cases, the price rose further within the following month. The odds of a continued upward trend are 63%.

Question 6

What does a 3-day decline signify for PRGS's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PRGS declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

Question 7

What does PRGS breaking above its upper Bollinger Band indicate?

Accepted Answer

PRGS broke above its upper Bollinger Band on July 30, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Question 8

How does the Aroon Indicator reflect on PRGS's trend?

Accepted Answer

The Aroon Indicator entered an Uptrend today. In 136 of 241 cases where PRGS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 0%.

PRGS Stock Progress Software (PRGS, $51.7) price moved above its 50-day Moving Average on May 16, 2024

PRGS in +1.79% Uptrend, growing for three consecutive days on August 09, 2024

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