PROG Holdings's 15-minute chart has triggered a KDJ Death Cross and a Bearish Marubozu at 07/24/2025 13:00. This indicates a shift in the momentum of the stock price towards a downward trajectory, with a potential for further decline. Sellers are currently in control of the market, and it is likely that the bearish momentum will continue.
PROG Holdings (PRG) stock has experienced a significant shift in momentum, with the 15-minute chart triggering a KDJ Death Cross and a Bearish Marubozu at 07/24/2025 13:00. These technical indicators suggest that the stock's price is likely to continue its downward trajectory, with sellers currently in control of the market.
The KDJ Death Cross, a technical indicator that signals a potential change in trend when the K line crosses below the D line, indicates a bearish sentiment. The Bearish Marubozu pattern, characterized by a candle with no or very short wicks, signals strong downward momentum, suggesting that sellers are in control and the price has moved decisively downward [1].
These signals are supported by a narrowing of Bollinger Bands, which measure volatility by plotting two standard deviations above and below a moving average. The narrowing indicates a decrease in volatility and a potential trend reversal [2].
The stock forecast from Coincodex expects PROG Holdings to drop by 5.52% and reach $141.24 per share by August 6, 2025, aligning with the current technical signals [3]. Despite these bearish indicators, the company has received a consensus rating of Moderate Buy from analysts, with a P/E ratio of 13.53, which is less expensive than the market average P/E ratio of about 144.07. The company's dividend yield is 1.45%, higher than the bottom 25% of all stocks that pay dividends, and the dividend payout ratio is at a healthy, sustainable level of 19.59% [4].
Investors should consider these signals in conjunction with other forms of analysis and consult with a financial advisor before making any investment decisions. While these signals are not definitive, they do provide valuable insights into the potential direction of the stock.
References:
[1] https://www.ainvest.com/news/prog-holdings-kdj-death-cross-bearish-marubozu-signal-weakness-2507-54/
[2] https://coincodex.com/stock/BFH/price-prediction/
[3] https://www.marketbeat.com/stocks/NYSE/BFH/
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