PGR, LONG PGR is trading in the lower 1/3 of its broader uptrend channel but also none the less above its last GLB. The basis for my entry here is the 50 sma takeback .
Entry 115.21
Stop 114.29
PT1 1R sell 1/4 stop half
PT2 2R
run balance
PGR trade ideas
$PGR with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $PGR after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 40%.
Progressive Announces Quarterly Common Share DividendPGR: Progressive Corporation
2022-05-18 08:16:47
Progressive Announces Quarterly Common Share Dividend, Share Repurchase Authorization, and April 2022 Results
Analysis-downtrendGood morning all! On this stock, as you see on the chart we have a big probability of a downtrend, because we have a breakout with force the vwap indicator and at this same time the breakout of the support line.thanks.
$PGR with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $PGR after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 25%.
PGR monthly time frame Updateanything below 83 will invalidate this count.
viewing this monthly chart in a possible triangle in the c of 4 wave.
historical & near term trendlines gives me bullish fever...
PGR DailyNYSE:PGR may be ready to make a move.
Tested the bottom four times around $89.50 and it wouldn't break.
MACD just turned positive
Today's bar broke a trend line and closed above all the congestion from Nov
20 EMA crossed above the 50 EMA and they are both positive and accelerating.
PGR Daily wolfe wave bullishPGR Daily wolfe wave bullish. A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
PGR.........weekly time framedescription in the chart itself
education only
I like elliott wave/........
PGR....monthly stretchededucation only
I don't have much else, just appeasing the software that is requiring a longer description
PGR historical time frame....OVerall temperature of Progressive will be heating up....long term evaluation remains bullish
Scenario: buyback at the bottom of the long trend channel @ MPLXFundamental background: The firm announced that it had completed the purchase of Protective Insurance in a deal worth $338 million, outlining further growth plans.
The Barclays's target is 84 USD.
PGR - gap downs are for buyingWith earnings coming out there was a gap down which was met with strong buying. PGR is near its bottom trend and looks like its a good buy here.
$PGR Trading in Bullish Descending Wedge$PGR possible reversal at lower trend line of descending wedge.
Upside target could test recent highs.
MACD +divergence looking to confirm.
Stop at recent lows.
Progressive (PGR)... Time for some Insurance to kick in ??Progressive (PGR), the third-biggest auto insurer in the US.
Progressive has been growing its premiums at mid-teens with combined ratios below 91% over the last several years. (from Seeking Alpha)
Harmonically we are at an interesting juncture where there appears to be a confluence of two Bullish Harmonic Patterns.
We are also at a .618 of the recent range from Feb. 2021
Specifically an Entry point, targets and a recommended stop are marked.
The risk reward on this isn't great. I'd like to see it get a head of upward steam.
You have to like the overall market in general and FLO's advertising influence in particular.
As always do your own due diligence.
S.
ABC BullishPossible stop below last pivot low or under a strong source of support.
Resistance noted right at price. If price makes it through this level, it could become support.
This may also be an ABC bullish pattern with A at 84.83. In an ABC bullish pattern C can fall around the .786 of AB but not always. Best to wait until there is evidence price stopped at C as it can go lower. This one stopped near an area of confluence and very close to a prior bottom.
No recommendation.
I do not feel comfortable entering at this level as I do not see strong support close enough for me to feel comfortable. We are all different. If price does not pull back some, then "oh well", I missed it )o:
Trading can be a waiting game.
$PGR with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $PGR after a Positive Under reaction following its earnings release placing the stock in drift A
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PGR over 95.53Insurance names have been building some steam recently as have others that have lagged in a growth-focused market. Nice flag break in progress and a potential run into earnings in late April.
PGR - Weekly & Daily SetupPGR
BUYZONE = 81 - 82
Cost Ang Down (CAD) = 70 -71
1st Target = 92
2nd Target = 98
HODL Target = ATH+
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Good luck, happy trading and stay chill,
2degreez
PGR LongIt looks like a decent spot after recent corrections, Indian markets opening up for 75% FDI in insurance sector.
Upside for entry in the region.
