Progress Software's 15min chart signals bearish trend with Bollinger Bands Expanding Downward.

Progress Software's 15-minute chart has exhibited a pattern of expanding downward Bollinger Bands and a bearish Marubozu formation as of February 3, 2026 at 11:45. This indicates that market momentum is being driven by sellers, who hold significant control over the market, and suggests that bearish trends are likely to persist.