Decline depth
—
Not currently in the rolling-252-day ≥20% decline universe.
Red ListRecovering
PRGSProgress Software Corporation Common Stock (DE)
1.8σ
decline sigma — volatility-normalized move (typical daily 2.49%)
Current
$43.24
Decline depth
—
Decline σ
1.8σ
TFC
5/5 bearish
Rolling 252-day high
Up day
Down day
Last 90 trading days · data from Alpaca
Since tracking began
$PRGS has been tracked since 2026-03-01. It was down 41.1% from its 52-week high then — now $43.24.
It has clawed back 8.8 percentage points off that level. It bottomed 61.7% below that high along the way.
Decline from the 52-week high as it stood on 2026-03-02 (fixed anchor) → today. Split-adjusted, Alpaca. Observed history, not a forecast.
Structural break signals
PRGS qualifies for the Red List on decline sigma.
Time-frame continuity
5/5 bearish
Latest bar across daily/weekly/monthly/quarterly/yearly time frames. A bar counts as bearish when it's a 2-Down or a red 3.
Full bearish continuity — every time frame is broken.
Decline sigma
1.8σ
Drop from local high over the last 10 bars, expressed in units of the stock's typical daily volatility (2.49% per day).
The structural read
What price action says about PRGS.
PRGS qualifies for the Red List on decline sigma — the recent drop measures 1.8σ over a 10-bar window. Sigma scales the move by the stock's own typical daily volatility, so a small percentage drop in a normally-quiet name can land here when the bigger players miss it on a pure-percent threshold.
Cross-confirmation: also showing 5/5 bearish time frames.
Alongside that decline, our proprietary engine has flagged a confirmed bullish structural signal on one or more time frames — moderate or strong time-frame-continuity (TFC) alignment — so the ticker also carries a Recovering badge. The two readings coexist: the tier tells you how deep the damage is, the Recovering badge tells you whether momentum may be turning. Recovering is not a buy signal; it's a structural read.
Broken Stocks stops here — it flags the structure, it doesn't build the upside case. Working out whether PRGS's turn is investable is what our sister tool does: ConvictionEdge — triple-engine conviction research on names showing a recovery signal.
Upstream TFC read: moderate alignment, current phase daily. Last bar types — daily 1 (red), weekly 1 (green), monthly 2U (green).
Questions about PRGS
What people ask.
Why is PRGS on Broken Stocks?
PRGS qualifies for the Red List on decline sigma. The recent drop measures 1.8σ over a 10-bar window — large enough that even a small percentage drop is structurally significant given the stock's typical day-to-day volatility (2.49%). It additionally carries a Recovering badge — see below.
What does the Recovering badge mean for PRGS?
Recovering means our proprietary engine has flagged a confirmed bullish structural signal on one or more time frames (moderate or strong time-frame continuity). It coexists with the decline tier — PRGS is still Red List because the rolling-252-day decline hasn't healed, but a bullish setup has formed inside that decline. The two readings answer different questions: the tier tells you how deep the damage is; the Recovering badge tells you whether momentum may be turning. It's not a buy recommendation.
Is PRGS a falling knife?
PRGS is on Broken Stocks for time-frame continuity or decline-sigma reasons rather than headline depth, so the falling-knife label doesn't cleanly apply. The phrase usually requires a meaningful percentage drop from a fresh high. See the structural break signals above for the axis that actually triggered the listing.
Is PRGS a buy?
Broken Stocks does not issue buy or sell recommendations. The list is a rules-based technical warning system. It tracks structural decline depth and recency — not company quality, management, fundamentals, or news. Always do your own research and consult a licensed advisor.
Where is PRGS trading inside its 52-week range?
At $43.24, PRGS sits 89.6% of the way from its 52-week low ($27.23) to its 52-week high ($45.09). A reading below 25% indicates price is hugging the bottom of the range; above 75%, the top.