CHEGG INC (CHGG) Stock Technical Analysis
USA - NYSE:CHGG - US1630921096 - Common Stock
Taking everything into account, CHGG scores 2 out of 10 in our technical rating. 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.
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 1.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.27, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CHGG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.20
2 important support areas can be observed.
- A support zone ranging from 1.26 to 1.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.21 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.40 to 1.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.49 from a trend line in the weekly time frame.
- Resistance @1.59 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 | NEUTRAL | NEUTRAL | The long term trend for CHGG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CHGG is neutral. |
| ChartMill Relative Strength | 16.66 | NEGATIVE | CHGG has a low relative strength, it was outperformed by 83.34% 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) | UP | MIXED | The current price of CHGG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CHGG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49 | 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) | 53.88 | NEUTRAL | The Stochastics value for CHGG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.87 | HIGH VOLATILITY | The high ATR as a percentage value for CHGG suggests high volalility. |
| Average Directional Index/ADX (14) | 11.7 | NEGATIVE | The low ADX value for CHGG suggests a weak or negative trend. |
1.39
+0.01 (+0.72%)
CHEGG INC / CHGG FAQ
Can you provide the ChartMill technical rating for CHEGG INC?
ChartMill assigns a technical rating of 2 / 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 49.0013. 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 neutral.