Archer-Daniels-Midland Company (ADM) sank -7.8% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -1.43% and is now up by 1.05% since start of this year. A look at its monthly performance shows that the stock has recorded a -3.04% fall over the past 30 days. Its equity price dipped by -13.93% over the past three months which led to its overall six-month decrease to stand at -17.61%.
A look at ADM technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 33.72 point. Its trading volume has added 291170 shares compared to readings over the past three months as it recently exchanged 4051170 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 3760000 shares, and this is 1.08 times the normal volume.
The price of The Progressive Corporation (NYSE:PGR) currently stands at $67.72 after it went up by $0.15 or 0.22% and has found a strong support at $67.17 a share. If the PGR price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $66.63 mark would also be bad for the stock as it means that the stock would plunge by 1.61% from its current position. However, if the stock price is able to trade above the resistance point around $68.07, then it could likely surge higher to try and break the upward resistance which stands at $68.43 a share. Its average daily volatility over the past one month stands at 1.73%. The stock has plunged by 1.09% from its 52-weeks high of $66.98 which it reached on Jul. 11, 2018. In general, it is 24.63% above its 52-weeks lowest point which stands at $51.04 and this setback was observed on Aug. 02, 2018.
Analysts have predicted a price target for The Progressive Corporation (PGR) for 1 year and it stands at an average $74.94/share. This means that it would likely increase by 10.66% from its current position. The current price of the stock has been moving between $66.98 and $67.88. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $58. On the other hand, one analyst is super bullish about the price, setting a target as high as $85.
The PGR stock Stochastic Oscillator (%D) is at 80.15%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 1.23 which compares to the 0.68 recorded by the industry or the 10.49 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 12.87, which is lower than the 15.3 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 11.4% over the past five years.
Analysts view The Progressive Corporation (NYSE:PGR) as a Buy, with 2 consensus rating. Reuters surveyed 20 analysts that follow PGR and found that 6 of those analysts rated the stock as a Hold. The remaining 14 were divided, with 14 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying The Progressive Corporation (PGR) shares or sell it if they already own it.
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