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HALAL TRADING ROOM Sharia-screened signals
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PR

PRGSStock

Nasdaq Global Select Market · Technology

$39.33 last close 2026-10-09
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Verdicts genuinely change. Free email alert the moment PRGS's does — no target price to set, unlike "Alert" above.

Sharia status
NOT COMPLIANT
Per In-house ratio engine
0 of 7 pass our own screen — all 7 agree here
Purification 100.00% *HTR non-permissible income <0.01%
🕌Open research, not a fatwa — verify with your own scholar.

Trade setup

Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.

SEPARATE FROM SHARIAH
No trade setup shown — a stock that isn't cleanly Sharia-compliant never gets a bullish verdict here.

Why this signal?

The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.

Structure4 of 5 timeframes bullish · 56.5% aligned
VWAPPrice holding above VWAP ($37.55)
VolumeRelative volume 3.5× the 20-day average
Momentum10-day rate of change -0.0%

PRGS is currently considered not halal (non-compliant), per In-house ratio engine. See the full ratio breakdown and business-activity screen below for the reasoning.

⚠️ Financial ratios are only half the screen. A company whose core business is in an excluded sector — weapons/defense, alcohol, gambling, conventional (interest-based) finance, tobacco, pork, or adult entertainment — is non-compliant even if every debt and income ratio passes. So passing ratios below don't override this verdict; check the business-activity screen for the reason.

452 other Technology stocks pass this same screen. See compliant Technology stocks →

Market & analysts
Wall Street consensus
BUY
12 analysts
Price target
$56.20
+42.9% · 5 analysts
Institutional own.
116.0% *
of shares
Momentum (10d)
-0.0%
rate of change
SMC grade
D · 49
56.5% aligned
100.00% *
Purification ratio (secondary provider, uncertain)
<0.01%
Non-permissible income — HTR, from filings (2026-05-31)
D · 49
SMC grade — 56.5% timeframe alignment
-0.0%
Rate of change (10d)
BUY
Wall Street consensus (12)
$56.20
Price target (+42.9%) · 5 analysts
116.0%
Institutional ownership *

🕌 In-house Compliance Research

Computed from published company financials, balance sheet as of 2026-05-31. PRGS files no SEC reports, so these ratios come from the issuer's own published statements rather than XBRL.

Business activity: cleared (no excluded categories detected)

AAOIFI Fail

RatioValueThresholdResult
Interest-bearing debt 72.45% 30.00% Fail
Interest-bearing investments 5.62% 30.00% Pass
Non-permissible income 0.00% 5.00% Pass

Usmani Fail

RatioValueThresholdResult
Interest-bearing debt 56.56% 33.00% Fail
Interest-bearing investments 4.39% 33.00% Pass
Non-liquid assets 90.27% at least 20.00% Pass
Non-permissible income 0.00% 5.00% Pass

MSCI Fail

RatioValueThresholdResult
Interest-bearing debt 56.56% 33.33% Fail
Cash + interest-bearing securities 4.39% 33.33% Pass
Accounts receivable 9.73% 33.33% Pass
Non-permissible income 0.00% 5.00% Pass

FTSE Fail

RatioValueThresholdResult
Interest-bearing debt 55.09% 33.33% Fail
Cash + interest-bearing securities 4.39% 33.33% Pass
Accounts receivable 9.73% 50.00% Pass
Non-permissible income 0.00% 5.00% Pass

Dow Jones Islamic Market Fail

Scored against a trailing-average market cap (24-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 58.76% 33.00% Fail
Cash + interest-bearing securities 4.56% 33.00% Pass
Accounts receivable 5.55% 33.00% Pass
Non-permissible income 0.00% 5.00% Pass

S&P Shariah Fail

Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 56.03% 33.00% Fail
Cash + interest-bearing securities 4.35% 49.00% Pass
Accounts receivable 5.29% 49.00% Pass
Non-permissible income 0.00% 5.00% Pass

MSCI M-Series Fail

Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 56.03% 33.33% Fail
Cash + interest-bearing securities 4.35% 33.33% Pass
Accounts receivable 9.64% 49.00% Pass
Non-permissible income 0.00% 5.00% Pass

Research only, not investment advice. Thresholds are each standard-setter's published limits; a ratio marked “at least” is a floor, not a ceiling.

How close is it to flipping?

Every current reading against its own line, closest first. A verdict is only as durable as that distance.

AAOIFI Standard 21 (% of market cap)non permissible income ratio 5.0pts
Usmani (% of total assets)non permissible income ratio 5.0pts
Dow Jones Islamic Market (% of 24-mo avg market cap)non permissible income ratio 5.0pts
AAOIFI Standard 21 (% of market cap)debt ratio 42.5pts
Dow Jones Islamic Market (% of 24-mo avg market cap)debt ratio 25.8pts
Usmani (% of total assets)debt ratio 23.6pts

The numbers the ratios are built from

Read from PRGS's own filings. Every percentage on this page is one of these lines divided by another, so the inputs are shown rather than asserted.

LineFigureAs reportedRead from
RevenueTotal revenue for the period $977.8M 2026-05-31 RevenueFromContractWithCustomerExcludingAssessedTax
Interest-bearing debtBorrowings — which definition was stored is not recorded $1.3B 2026-05-31 LongTermDebtNoncurrent, LongTermDebtCurrent
Cash and interest-bearing securitiesCash, equivalents and marketable securities $103.0M 2026-05-31 CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
Total assetsBalance sheet total $2.3B 2026-05-31 Assets
Market capDenominator for AAOIFI $1.8B live quote price x shares
36-month average market capDenominator for S&P Shariah and MSCI M-Series $2.2B 756 trading days closes x shares
24-month average market capDenominator for Dow Jones Islamic Market $2.1B 504 trading days closes x shares
Non-permissible revenueInterest and excluded income $0 2026-05-31 no interest-income tag reported in 3+ years (treated as $0)

Two dates, not one: a balance-sheet line and an income-statement line cover different windows by design, so each figure carries its own.

What changed, and when

Verdict history for PRGS. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.

  • 2026-09-07 No change recorded No verdict change for PRGS has been recorded since tracking began. The scan ledger records that the compliance detectors ran, not which symbols each pass covered.

ℹ️ no compliance scan has run for 3 days - this is not a reading of today

46.8741.4235.9830.5325.092025-10-132026-04-142026-10-09

Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset

Support & Resistance
S3
35.58
S2
36.17
S1
37.23
PIVOT
37.82
R1
38.88
R2
39.47
R3
40.53

Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.

Price Forecast

The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.

7-day expected range
36.00 – 46.06
±12.26% from 41.03, made 2026-09-24 · resolves 2026-10-01
STRONG SELL
from 19 indicators
61.9% of our last 5789 forecasts landed inside their stated range, and 49.9% called the direction correctly.

Technical Summary

Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.

SELL
19 indicators
OscillatorsSTRONG SELL
0 buy · 4 neutral · 3 sell
Moving averagesNEUTRAL
6 buy · 0 neutral · 6 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)47.80NEUTRAL
Stochastic %K (14)54.02NEUTRAL
CCI (20)-25.08NEUTRAL
Williams %R (14)-45.98NEUTRAL
MACD (12,26,9)-0.04SELL
ROC (10)-0.03SELL
Momentum (10)-0.01SELL
EMA (10)38.45BUY
SMA (10)38.15BUY
EMA (20)39.34SELL
SMA (20)39.63SELL
EMA (30)39.90SELL
SMA (30)40.81SELL
EMA (50)39.98SELL
SMA (50)41.73SELL
EMA (100)38.88BUY
SMA (100)38.06BUY
EMA (200)38.82BUY
SMA (200)36.65BUY

About PRGS

Technology · Software - Infrastructure

Progress Software Corporation provides software products that develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally. The company offers Agentic RAG, a next-generation Agentic Rag-as-a-Service platform; Automate MFT, a cloud-native Software-as-a-Service (SaaS) platform for automated and secure file transfers; Chef, a DevOps/DevSecOps automation software; Corticon, a decision automation platform; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data, and SaaS data sources; Developer Tools, such as software development tooling collection, including NET and JavaScript UI components for web, desktop and mobile applications, AI-prompt components, reporting and report management tools, and automated testing and mocking tools; Flowmon, a AI-powered network security and visibility product with automated response across hybrid cloud ecosystems; and Kemp LoadMaster, an application delivery and security product for cloud-native, and virtual and hardware load balancers. It also provides MarkLogic, a data agility platform to connect data and metadata; MOVEit, a managed file transfer software; OpenEdge, an application development platform; Semaphore, a Semantic AI platform; ShareFile, an SaaS-native AI-powered document centric collaboration platform; Sitefinity, a digital experience platform foundation; and WhatsUp Gold, a network infrastructure monitoring software to find and fix network problems. The company offers project management, implementation, custom software development, programming, and other services, as well as web-enable applications, and training services. It sells its products to end users, independent software vendors, original equipment manufacturers, system integrators, value added resellers, and distributors. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.

progress.com ↗

Background via Yahoo Finance — informational, not part of the verdict.

Grade verdict

Weak — low conviction, small size or skip

SMC — Top Down

Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.

TimeframeBiasBars
📅 Daily BEARISH 42
⏰ 4H BULLISH 38
🕐 1H BULLISH 98
⏱ 15-Min BULLISH 130
⏲ 5-Min BULLISH 234

Momentum & Volume

Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.

-0.0%
Rate of change (10d)
3.5×
Volume vs its 20-day average
-1.36
MACD (BULLISH)

Peer Movement

How the rest of the sector moved over the same window. Context for a price move, never a cause of one.

Peer movement computing — it will appear here on its own.

Before you act on this

The questions worth asking about any verdict on this page, answered plainly.

Is this a fatwa?

No. HTR applies published screening standards to a company's own filings and shows the result under each one. It is research, not a religious ruling. For a ruling that applies to you, ask a qualified scholar.

Why can the standards disagree?

Because they measure different things. Some divide interest-bearing debt by market cap, others by total assets, and the thresholds differ too. The same filing can clear one line and cross another. HTR shows every verdict rather than averaging them into one label.

How often is this re-screened?

Ratios are recomputed when a new filing lands, and the whole watchlist is re-screened on a rolling basis. The date on the verdict above is the last time this symbol was actually recomputed, not the last time the page was built.

Do I need to purify dividends?

If a company earns some non-permissible income, many scholars hold that the same share of any dividend should be given away. The non-permissible income figure above is the number that calculation starts from — the purification calculator finishes it, showing the filing figures behind the ratio and both the proportional and the AAOIFI per-share convention.

Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.

Compare with

Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.

Peer screening computing — it will appear here on its own.

Insider Activity (90d)

Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.

CLUSTER SELL   0 buys · 4 sells

Recent: FOLGER ANTHONY sold 47381 sh @ $44.80 (2026-08-14); Jarrett Loren sold 12053 sh @ $41.63 (2026-07-29); Jarrett Loren sold 10269 sh @ $41.49 (2026-07-29)

COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE

The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.

NEUTRAL   report date 2026-10-06 · Asset managers net 906615 (+2612)

AI Summary

Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.

Tell us what's working, what's confusing, or what you want to see next — read by a real person, not a form that goes nowhere.