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 7 out of 10. Although CHGG has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
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.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CHGG has an average volume of 3782580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, CHGG did better than 81% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
CHGG is part of the Diversified Consumer Services industry. There are 71 other stocks in this industry, CHGG did better than 67% of them.
In the last month CHGG has a been trading in the 0.90 - 1.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, CHGG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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
1.06
1.75
3 important support areas can be observed.
- Support @1.25 from a horizontal line in the daily time frame.
- Support @1.17 from a trend line in the daily time frame.
- Support @1.07 from a trend line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.37 to 1.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.50 from a trend line in the weekly time frame.
- Resistance @1.65 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 | NEUTRAL | NEUTRAL | The long term trend for CHGG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHGG is up. |
| ChartMill Relative Strength | 81.37 | POSITIVE | CHGG has a high relative strength, it outperformed 81.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CHGG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CHGG is above the rising 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) | 52.79 | NEUTRAL | The RSI value for CHGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CHGG has a negative trend. |
| Stochastics (14,3) | 9.74 | OVERSOLD | The low Stochastics value suggests CHGG may be oversold. |
| Average True Range in percent/ATR (20) | 13.69 | HIGH VOLATILITY | The high ATR as a percentage value for CHGG suggests high volalility. |
| Average Directional Index/ADX (14) | 32.94 | POSITIVE | The high ADX value value for CHGG suggests a strong 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)
1.3
+0.04 (+3.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDiversified Consumer Services
Performance
% Chg3.17%
1 Week-5.11%
2 Weeks-11.56%
1 Month41.69%
3 Month96.11%
6 Month-17.72%
12 Month-58.86%
2 Year-85.36%
3 Year-93.08%
5 Year-98.07%
10 Year-83.42%
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%13.69%
ATR Inc-43.59%
Range Today0.13
ADR(20)0.17
ADR(20)%12.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.37
Mansfield-2.43
10 Day High1.56
10 Day Low1.23
20 Day High1.89
20 Day Low0.9
52 Week High3.81
52 Week Low0.44
CS1 End1.25
CR1 Start1.37
Volume & EV
DER(3)2.36%
DER(5)3.35%
Volume18.08M
Volume Incr19.9%
Vol(5)5.90M
Vol(50)3.78M