Progressive Corp

PGR remains in a Stage 4 decline with a bearish medium-term bias, trading below the 9, 21, and 50 EMAs after breaking key support. Short-term timing is neutral as price has yet to test EMA resistance, so selling should be deferred—trimming into rallies around the 9/21 EMA and prior support zone for optimal execution.

• ↑Gained 1.9pp personal auto share to 18.6% in 2025.
• ↑Comprehensive income ~$13B, 40% ROE and combined ratio <90.
• ↓Intense competition compresses pricing power and threatens margins.