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Stock Charts AI Power Rank: 9.4
Power Rank trend -> Rising
07/08/2024 11:27:00 EST
Progressive Corp (PGR)
Industry: Insurance - Property & Casualty
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, PGR has been trading in a range between $213.09 and $202.34 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
PGR is trading below resistance at $215.90, about 2% to the upside. There is support at $208.49 -1% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Progressive Corp $PGR entered a Green zone 4 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $155.87, a potential down side of -25.84% from the recent price of 210.18. The stock is trading 3.56% (potential upside) below its 52 week high of $217.67 and 89.92 % (potential downside) above its 52 week low of $110.67 - based on the recent price.
Company Summary
The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States It operates in three segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment writes insurance for personal autos and recreational vehicles (RV).
News
| Progressive Is A Buy Ahead Of Earnings Progressive Is A Buy Ahead Of Earnings Source: Seeking Alpha Mon, 08 Jul 2024 08:39:28 -0400 Sentiment: Positive |
| 7 Stocks' Profit Growth Will Blow Past Nvidia's This Quarter Nvidia's profit is growing fast, but not the fastest in the S&P 500. Not by a long shot, say stock analysts. Source: Investors Business Daily Mon, 01 Jul 2024 08:00:55 -0400 Sentiment: Neutral |
| Progressive: Innovation Prioritization And Continued Steady Growth Make It A Buy The insurance industry is largely insulated from economic downturns and inflation due to their price flexibility, steady demand, and supportive subsidies. Progressive's profitability has been consistently higher than the industry due to their prioritization of innovation and growth. Severe weather conditions in the past few years have resulted in large catastrophe losses for Progressive. In response, they are steadily renegotiating reinsurance contracts, with recoveries rising since. Source: Seeking Alpha Sat, 29 Jun 2024 07:24:09 -0400 Sentiment: Positive |
| Should You Retain Progressive (PGR) Stock in Your Portfolio? Progressive (PGR) is poised to grow from its compelling portfolio, leadership position, strength in Vehicle and Property businesses, healthy policies in force, retention and a solid capital position. Source: Zacks Investment Research Thu, 27 Jun 2024 10:45:33 -0400 Sentiment: Positive |
| Progressive (PGR) Ascends While Market Falls: Some Facts to Note In the most recent trading session, Progressive (PGR) closed at $210.68, indicating a +0.71% shift from the previous trading day. Source: Zacks Investment Research Mon, 24 Jun 2024 18:55:31 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 217.6668 52 Week Low: 110.6678 Beta: 0.356 50 Day MA: 209.4718 200 Day MA: 182.4169 Earnings / Revenue Trends Qtr Earnings Growth YOY: 4.253 Qtr Revenue Growth YOY: 0.206 Forward PE: 21.2766 Trailing PE: 21.5128