Is Progress Software Corp. technically bullish or bearish?
As of April 30, 2025, the trend is mildly bullish, supported by a bullish weekly MACD and Bollinger Bands, although caution is warranted due to a mildly bearish monthly MACD and short-term weakness in daily moving averages.
As of 30 April 2025, the technical trend has changed from sideways to mildly bullish. The weekly MACD is bullish, supporting the positive outlook, while the monthly MACD is mildly bearish, indicating some caution. The Bollinger Bands are bullish on both weekly and monthly time frames, reinforcing the upward momentum. However, daily moving averages are mildly bearish, suggesting short-term weakness. The KST is bullish on both weekly and monthly, and the monthly OBV is bullish, indicating accumulation. Overall, the current stance is mildly bullish, driven primarily by the weekly MACD and Bollinger Bands, despite some mixed signals from the moving averages.
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