How the (PGR) price action is used to our Advantage
September 27, 2024, 20:04 pm ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PGR
- Buy PGR near 243.8 target 257.25 stop loss @ 243.1 Details
The technical summary data tells us to buy PGR near 243.8 with an upside target of 257.25. This data also tells us to set a stop loss @ 243.1 to protect against excessive loss in case the stock begins to move against the trade. 243.8 is the first level of support below 251.1 , and by rule, any test of support is a buy signal. In this case, support 243.8 is being tested, a buy signal would exist.
- Short PGR slightly under 257.25, target 243.8, stop loss @ 257.99 Details
The technical summary data is suggesting a short of PGR as it gets near 257.25 with a downside target of 243.8. We should have a stop loss in place at 257.99though. 257.25 is the first level of resistance above 251.1, and by rule, any test of resistance is a short signal. In this case, if resistance 257.25 is being tested, a short signal would exist.
Swing Trading Plans for PGR
- Buy PGR slightly over 254.76, target 257.25, Stop Loss @ 254.02 Details
If 254.76 begins to break higher, the technical summary data tells us to buy PGR just slightly over 254.76, with an upside target of 257.25. The data also tells us to set a stop loss @ 254.02 in case the stock turns against the trade. 254.76 is the first level of resistance above 251.1, and by rule, any break above resistance is a buy signal. In this case, 254.76, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short PGR slightly near 254.76, target 243.8, Stop Loss @ 255.5. Details
The technical summary data is suggesting a short of PGR if it tests 254.76 with a downside target of 243.8. We should have a stop loss in place at 255.5 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 254.76, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for PGR
- Buy PGR slightly over 252.96, target 254.76, Stop Loss @ 252.37 Details
If 252.96 begins to break higher, the technical summary data tells us to buy PGR just slightly over 252.96, with an upside target of 254.76. The data also tells us to set a stop loss @ 252.37 in case the stock turns against the trade. 252.96 is the first level of resistance above 251.1, and by rule, any break above resistance is a buy signal. In this case, 252.96, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short PGR slightly near 252.96, target 243.8, Stop Loss @ 253.55. Details
The technical summary data is suggesting a short of PGR if it tests 252.96 with a downside target of 243.8. We should have a stop loss in place at 253.55 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 252.96, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Progressive Corporation (the) (PGR) available here: PGR.
PGR Ratings for September 27:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
230.04 |
| P2 |
252.96 |
254.76 |
243.8 |
| P3 |
255.53 |
261.34 |
257.25 |
AI Generated Signals for PGR
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Progressive Corporation (the) (NYSE: PGR) data table below can help you with price action, and we have more details too. Trading plans for PGR are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PGR:
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