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Takip Edin: @UscMarketsPGR Stock Forecast & The Progressive Corporation Chart Analysis
This article provides a detailed analysis of PGR-The Progressive Corporation stock including a forecast for PGR shares. It features The Progressive Corporation technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
PGR Historical Data Review
PGR Current Price Performance Analysis
The The Progressive Corporation - PGR stock traded on the American stock market, on 06-05-2024, closed at 212.61$ with a %0.30 increased compared to the previous day.
In the last month, the price of PGR changed by %-1.35 decreased in value, from 215.51 dollars on 05-06-2024 to 212.61 dollars, decreased.
Last year, the price of PGR was 129.8 dollars on 06-06-2023, and changed by %63.80 increased in value, to 212.61 dollars increased within a year.
The price of The Progressive Corporation stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
PGR with AI Stock Forecast & Price Target
On the PGR chart The Progressive Corporation price was recorded as 212.61 Dollars on 06/05/2024.
The artificial intelligence's forecast on PGR stock is as follows.
The artificial intelligence's prediction error margin for PGR stock is moderate.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for The Progressive Corporation stock over the next 4 months is: 213.8 Dollars.
The commentary on PGR stock Target Price: Highest: 239.144 Dollars is predicted.
The commentary on PGR stock Target Price: Lowest: 197.901 Dollars is predicted.
Resistance Price where The Progressive Corporation stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 08-14-2024 | 219.439 |
| 11-27-2024 | 209.278 |
Support Price where The Progressive Corporation stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 10-28-2024 | 205.096 |
| 01-06-2025 | 197.901 |
The commentary on PGR stock: The target price can generally be said to be on the rise.
The commentary on PGR stock: Fluctuations in the target price can be expected in the coming days.
The target price for The Progressive Corporation stock by the end of 2024 is predicted to be 200.003 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on PGR stock, and the 2024 target price predictions for The Progressive Corporation are detailed above.
The technical analysis and charts for the commentary on PGR stock are below.
PGR Support & Resistance and Trend Analysis
PGR stock you have reviewed the technical analysis support resistance charts regarding.
PGR : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the PGR review, the The Progressive Corporation support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
The Progressive Corporation Support and Resistance Prices:
| PGR Support Level Price | PGR Resistance Level Price |
|---|---|
| 149.14 | 164.10 |
| 156.23 | 165.57 |
| 186.94 | 198.98 |
| 201.78 | 212.24 |
| 202.09 | 216.21 |
| 203.54 | 217.77 |
| 204.65 |
PGR Technical Analysis: SMA, RSI, MACD
Upon reviewing the PGR chart, buy and sell signals have been generated in the The Progressive Corporation technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for PGR stock are as follows:- The technical analysis for PGR indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for The Progressive Corporation issued a 'Buy' signal when the MACD was at -0.176, with the current MACD value being: 0.169
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for The Progressive Corporation stock: Click here to read more predictions on Keyence Corporation stock.
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