CHEGG INC (CHGG) Stock Technical Analysis
NYSE:CHGG - New York Stock Exchange, Inc. - US1630921096 - Common Stock - Currency: USD
Overall CHGG gets a technical rating of 1 out of 10. CHGG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
69% of all other stocks performed better in the past year than CHGG.
In the last month CHGG has a been trading in the 1.00 - 1.77 range, which is quite wide. It is currently trading near the lows of this range.
CHGG has an average volume of 3895260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CHGG is part of the Diversified Consumer Services industry. There are 71 other stocks in this industry, CHGG did better than 52% of them.
CHGG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CHGG is lagging the market.
Considerably lower volume is observed in the last couple of days.
The technical rating of CHGG is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.09
1.75
When analyzing the support we can see 3 important areas.
- Support @1.22 from a trend line in the weekly time frame.
- A support zone ranging from 1.13 to 1.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.10 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- Resistance @1.29 from a horizontal line in the daily time frame.
- Resistance @1.47 from a trend line in the weekly time frame.
- Resistance @1.59 from a trend line in the daily time frame.
- Resistance @1.73 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CHGG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHGG is down. |
| ChartMill Relative Strength | 31.14 | NEUTRAL | CHGG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CHGG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CHGG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CHGG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.89 | NEUTRAL | The RSI value for CHGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CHGG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.62 | NEUTRAL | The Stochastics value for CHGG is a neutral value. |
| Average True Range in percent/ATR (20) | 11.84 | HIGH VOLATILITY | The high ATR as a percentage value for CHGG suggests high volalility. |
| Average Directional Index/ADX (14) | 12.87 | NEGATIVE | The low ADX value for CHGG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.23
-0.03 (-2.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDiversified Consumer Services
Performance
% Chg-2.38%
1 Week7.89%
2 Weeks-2.38%
1 Month-12.14%
3 Month37.2%
6 Month-15.75%
12 Month-40%
2 Year-87.95%
3 Year-93.75%
5 Year-98.33%
10 Year-83.45%
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%11.84%
ATR Inc-46%
Range Today0.07
ADR(20)0.14
ADR(20)%11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.14
Mansfield-1.98
10 Day High1.41
10 Day Low1
20 Day High1.77
20 Day Low1
52 Week High2.73
52 Week Low0.44
CS1 End1.22
CR1 Start1.29
Volume & EV
DER(3)6.96%
DER(5)0.49%
Volume2.11M
Volume Incr-24.31%
Vol(5)2.23M
Vol(50)3.90M