Why is PRGS Down Today?
About Progress Software Corp (DE)
Progress Software Corporation provides software operate in one operating segment: software products for the development, deployment, and management of responsible, AI-powered applications and digital experiences. Following are products: Chef, Corticon, Data Direct, Developer Tools, Flowmon, Kemp Loa...
Overall Confidence: 65%
Based on news, social sentiment, options activity, and sector analysis
✅ Move Confirmation
DISTRIBUTION - This move is backed by significant volume and appears sustainable.
📍 Sector Context
SERVICES-PREPACKAGED SOFTWARE sector: +3.3%
Market Comparison
Quick Trade Ideas
Options strategies to consider for PRGS's -7% move
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Historical Context
PRGS has moved more than 3.0% down on 35 occasions in the past year.
Frequently Asked Questions
Why is PRGS stock down today?
This stock is significantly underperforming its SERVICES-PREPACKAGED SOFTWARE sector peers, suggesting a stock-specific catalyst.
Is PRGS stock a buy or sell right now?
Based on current analysis, PRGS shows 65% confidence in today's move. Volume is high which supports the trend. View full buy/sell analysis →
What is the PRGS stock price target?
PRGS is currently trading at $37.15. Based on today's momentum, the expected short-term range is $36.03 - $37.89. See long-term price prediction →
Will PRGS stock continue falling?
Our analysis shows a 65% probability that PRGS's move continues in the next 1-3 days. Key level to watch: $35.29 (support).
Is PRGS stock oversold or overbought?
PRGS's RSI (Relative Strength Index) is currently at 33.0. This shows bearish momentum - the stock has negative momentum but isn't oversold yet.
What is the momentum for PRGS stock?
PRGS's 10-day momentum indicator is at -4.27. Strong bearish momentum - the stock is experiencing significant downward pressure. Watch for potential reversal signals.
Is PRGS outperforming or underperforming the market?
PRGS (-7.07%) is currently significantly underperforming the market (-7.2% vs SPY). Today, the S&P 500 (SPY) is up 0.18%, and Nasdaq (QQQ) is up 0.31%.
What does MACD indicate for PRGS?
PRGS's MACD (-1.01) is currently below the signal line (-0.61), indicating a bearish trend. This technical signal suggests selling pressure is dominant. The trend strength (ADX: 17.7) is weak.
Is PRGS in an uptrend or downtrend?
Based on moving average analysis, PRGS is in a bearish trend. The price ($37.15) is trading below both the 20-day SMA ($40.94) and 50-day SMA ($41.95). This alignment typically indicates sustained downward pressure.
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