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Is PRGS consolidating before a move? NR7 shows up after gaining 3.87%

Progress Software Corporation (PRGS) — Nightly Technical Analysis · Jul 16, 2026, 01:56 ET
PRGS closed up 3.87% on Wednesday, July 15th, with volume running 0.8× below average. consolidation patterns formed: NR7, suggesting a potential continuation after price stabilization. Key support levels exist at 38.19, 37.44 & 36.85, with resistance at 39.53, 40.12 & 40.87. Additionally, Slow Stochastic points to overbought territory, hinting at a potential consolidation.

Current SwingTradeBot Technical Rating of PRGS: A

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Progress Software Corporation (PRGS)