CHEGG INC (CHGG) Stock Technical Analysis
NYSE:CHGG • US1630921096
Overall CHGG gets a technical rating of 0 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, CHGG is a bad performer in the overall market: 91% of all stocks are doing better.
- CHGG is part of the Diversified Consumer Services industry. There are 75 other stocks in this industry, of which 64% are performing better than CHGG.
- CHGG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- CHGG has an average volume of 1326890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CHGG has a been trading in the 0.53 - 0.81 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, CHGG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.66, a Stop Loss order could be placed below this zone.
More info and screens
0.64
We found 1 important support area.
- A support zone ranging from 0.65 to 0.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 0.66 to 0.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.79 to 0.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.93 from a trend line in the weekly time frame.
- Resistance @1.27 from a trend line in the weekly 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 | 9.31 | NEGATIVE | CHGG has a low relative strength, it was outperformed by 90.69% off all stocks 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) | 44.94 | NEUTRAL | The RSI value for CHGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CHGG has a positive trend. |
| Stochastics (14,3) | 48.11 | NEUTRAL | The Stochastics value for CHGG is a neutral value. |
| Average True Range in percent/ATR (20) | 10.13 | HIGH VOLATILITY | The high ATR as a percentage value for CHGG suggests high volalility. |
| Average Directional Index/ADX (14) | 20.23 | NEUTRAL | The ADX value for CHGG suggests a possible start of a new trend. |
0.6573
-0.01 (-1.57%)
CHEGG INC / CHGG FAQ
Can you provide the ChartMill technical rating for CHEGG INC?
ChartMill assigns a technical rating of 0 / 10 to CHGG.
What is the trend direction for CHGG stock?
The current trend direction for CHEGG INC (CHGG) is Bearish.
What is the RSI signal for CHEGG INC (CHGG) stock?
CHEGG INC (CHGG) has an RSI value of 44.9355. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CHEGG INC?
The MACD indicator for CHEGG INC (CHGG) has a value of 0.013729, indicating a bearish trend.
Can you provide the buy/sell signal for CHEGG INC?
The buy/sell signal for CHEGG INC (CHGG) is sell as both the short term and long term trends are negative.