PGR Enters Squeeze Mode at $227.13
NeutralProgressive Corp (PGR) closed down 0.24% at $227.13 on December 29.
Technical indicators paint a mixed picture:
Moving Averages
Mixed signals with price near the 9-day EMA ($227.57). The 21-day EMA sits at $226.37.
Momentum
RSI at 52.0 is in neutral territory but trending higher. MACD is bearish (0.47 vs signal 0.68).
Volatility
Stock has been in a TTM Squeeze for 7 days, indicating compressed volatility and potential for a significant move.