Is Progressive Corp. technically bullish or bearish?

As of 4 August 2025, the technical trend for Progressive Corp. has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by a bearish MACD on the weekly chart and a bearish signal from Bollinger Bands across both weekly and monthly time frames. The daily moving averages also indicate a bearish trend. However, the weekly RSI is bullish, and the On-Balance Volume (OBV) shows bullish momentum on both weekly and monthly charts, suggesting some underlying strength.
In terms of performance, the stock has underperformed the S&P 500 over the past week and month, with returns of -2.73% and -2.06% respectively, while the S&P 500 gained 1.05% and 2.33%. Year-to-date, the stock has returned 1.00%, significantly lagging behind the S&P 500's 12.22% return. Over longer periods, however, it has outperformed the index, with a 3-year return of 93.77% compared to the S&P 500's 70.41%.