Investors can use this prediction interface to forecast Progressive historic prices and determine the direction of Progressive Corporation future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of Progressive historical fundamentals such as revenue growth or operating cash flow patterns. Although naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Progressive Corporation systematic risks associated with finding meaningful patterns of Progressive fundamentals over time. Additionally take a look at Historical Fundamental Analysis of Progressive to cross-verify your projections.
On July 22, 2019 Progressive Corporation had Daily Balance Of Power of 0.5756. Balance of Power indicator (or BOP) measures the strength of Progressive Corporation market sensitivity to bulls and bears. It estimates the ability of Progressive buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Progressive Balance of Power indicator one can determine a trend of the price direction.
On July 23 2019 Progressive Corporation was traded for 80.56 at the closing time. Highest Progressive's price during the trading hours was 80.93 and the lowest price during the day was 79.64 . The net volume was 2.9 M. The overall trading history on 23 of July contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 0.57% . The trading delta at closing time to current price is 1.04% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.