CHEGG INC (CHGG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CHGG - US1630921096 - Common Stock
Overall CHGG gets a technical rating of 0 out of 10. CHGG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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 very little resistance above the current price.
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0.88
When analyzing the support we can see 3 important areas.
- Support @0.93 from a trend line in the weekly time frame.
- Support @0.91 from a trend line in the daily time frame.
- A support zone ranging from 0.89 to 0.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @1.02 from a trend line in the daily time frame.
- A resistance zone ranging from 1.09 to 1.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.34 from a trend line in the weekly time frame.
- Resistance @1.50 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 | 5.88 | NEGATIVE | CHGG has a low relative strength, it was outperformed by 94.12% 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) | 43.46 | NEUTRAL | The RSI value for CHGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CHGG has a positive trend. |
| Stochastics (14,3) | 18.31 | OVERSOLD | The low Stochastics value suggests CHGG may be oversold. |
| Average True Range in percent/ATR (20) | 12.68 | HIGH VOLATILITY | The high ATR as a percentage value for CHGG suggests high volalility. |
| Average Directional Index/ADX (14) | 17.15 | NEGATIVE | The low ADX value for CHGG suggests a weak or negative trend. |
0.9658
+0.06 (+7.22%)
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 current trend direction of CHEGG INC (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 43.4621. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CHEGG INC?
The short term momentum for CHEGG INC (CHGG) is negative.
What is the buy/sell signal for CHGG stock?
The buy/sell signal for CHEGG INC (CHGG) is sell as both the short term and long term trends are negative.