CHEGG INC (CHGG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CHGG - US1630921096 - Common Stock
Taking everything into account, CHGG scores 0 out of 10 in our technical rating. 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.
- 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: 93% of all stocks are doing better.
- CHGG is part of the Diversified Consumer Services industry. There are 76 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.
- In the last month CHGG has a been trading in the 0.74 - 1.01 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- CHGG has an average volume of 1504500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
0.74
When analyzing the resistance we notice 2 important areas.
- Resistance @1.06 from a trend line in the weekly time frame.
- Resistance @1.34 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 | 7.02 | NEGATIVE | CHGG has a low relative strength, it was outperformed by 92.98% 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) | UP | MIXED | The current price of CHGG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.81 | 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. |
| Stochastics (14,3) | 10.4 | OVERSOLD | The low Stochastics value suggests CHGG may be oversold. |
| Average True Range in percent/ATR (20) | 6.97 | HIGH VOLATILITY | The high ATR as a percentage value for CHGG suggests high volalility. |
| Average Directional Index/ADX (14) | 22.49 | NEUTRAL | The ADX value for CHGG suggests a possible start of a new trend. |
0.75
-0.03 (-3.28%)
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 33.8121. 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 -0.0146818, 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.