Resistance

Million

Time

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>PGR stock price shows bullish momentum, making higher high structures.</a> </li> 
 <li> <span>2</span> <a>PGR stock is above key moving averages.</a> </li> 
</ul> 
<p>PGR stock price is gaining momentum and broke above the 20, 50, 100, and 200-day EMAs, indicating bullishness in the previous trading sessions. The chart also broke out of the falling wedge pattern, with its neckline breached at $130 as the stock rallied sharply.</p> 
<p>The stock tested the demand zone near $130 multiple times, finding support and bouncing back. Buyers have regained their strength and are aiming for the $150 level in the coming sessions.</p> 
<p>The chart structure shows volatility in the previous months. The lower levels near $130 acted as a support region, The stock bounced from there, making the price trade in a narrow range.</p> 
<p>Furthermore, the stock’s trajectory shows that beyond $150, the zone is bullish, and a rally could be seen. But, if further rejection takes place, then the stock will continue to trade in the congestion zone. Similarly, below $130, bearishness could be extended.</p> 
<p>At press time, PGR stock was $140.41 with an intraday minor loss of 0.15% trading above the 200-day EMA, showing bullishness on the charts. Moreover, the intraday trading volume is 1.642 Million less than the average 10-day volume of 2.277 Million. The market cap of PGR stock is $82.187 Billion.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-pgr-stock-price-in-1-d-time-frame-strong"><strong>Technical Analysis of PGR Stock Price in 1-D Time Frame</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/pVNs04pcAOiimu2uMIKtGyNxd7N-jSvmH7mI_pHhke34QBV4dc8ipBoqRRqqlxRSH3vId3qSx3b57HGUUGPUD3Ge-eNUyfNt8b9whPmFpFPes-9ghl12jsjVIRZNvZhdn5FxSrSDJR1By5pKnf0-bDk" alt="PGR Stock: Will Progressive Stock Hit $150 in Oct 2023?"> 
  <figcaption class="wp-element-caption">
    Source: PGR.1D.NYSE by <a href="https://www.tradingview.com/x/gd6jkQK7/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Currently, PGR stock (NYSE: Progressive) is above the 50 and 200-day SMAs (simple moving averages), which are supporting the price momentum.&nbsp;</p> 
<p>However, if buying volume adds up, then the price might support bullish momentum by making higher highs and new highs. Hence, PGR <a href="https://docs.google.com/document/d/13Bm7zoRRfm1oP9O4F3-QK1j6zr_hHY9nX180Hg-NHNg/edit?usp=sharing" rel="noopener noreferrer nofollow">price</a> is expected to move upwards giving bullish views over the daily time frame chart.</p> 
<p>The current value of RSI is 59.13 points. The 14 SMA is above the median line at 64.74 points which indicates that the PGR stock is bullish.</p> 
<p>The MACD line at 2.56 and the signal line at 2.80 are above the zero line. A bearish crossover is observed in the MACD which signals weakness in the momentum of the Progressive stock price.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/09/28/rsg-stock-price-fails-to-hold-150-will-bulls-regain-strength/" target="_blank" rel="noopener noreferrer nofollow">PGR stock technical </a>oscillators support the bullish trend. MACD, RSI, and EMAs all demonstrate positive signals, suggesting that the uptrend is likely to continue. On the 1-day time frame, price action suggests that investors and traders are bullish. There is a bullish perspective reflected in the price action at the moment.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels</strong>: $144.63 and $150.00.</li> 
 <li><strong>Resistance Levels: </strong>$135.07 and $131.53.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions</p>

PGR Stock: Will Progressive Stock Hit $150 in Oct 2023?

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