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 8 out of 10. CHGG has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month CHGG has a been trading in the 0.67 - 1.80 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
CHGG has an average volume of 3166930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CHGG is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
CHGG is part of the Diversified Consumer Services industry. There are 72 other stocks in this industry, CHGG did better than 66% of them.
CHGG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CHGG is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CHGG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.90
1.65
When analyzing the support we can see 2 important areas.
- Support @0.96 from a trend line in the daily time frame.
- Support @0.91 from a trend 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 | 81.98 | POSITIVE | CHGG has a high relative strength, it outperformed 81.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHGG is above 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 | MIXED | The current price of CHGG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 83.93 | OVERBOUGHT | The high RSI value suggests CHGG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CHGG has a positive trend. |
| Stochastics (14,3) | 85.63 | OVERBOUGHT | The high Stochastics value suggests CHGG may be overbought. |
| Average True Range in percent/ATR (20) | 8.57 | HIGH VOLATILITY | The high ATR as a percentage value for CHGG suggests high volalility. |
| Average Directional Index/ADX (14) | 36.42 | 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)
1.63
+0.42 (+34.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDiversified Consumer Services
Performance
% Chg34.71%
1 Week59.8%
2 Weeks64.46%
1 Month125.23%
3 Month86.78%
6 Month-32.08%
12 Month-55.95%
2 Year-81.64%
3 Year-91.32%
5 Year-97.58%
10 Year-79.21%
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%8.57%
ATR Inc175.69%
Range Today0.46
ADR(20)0.13
ADR(20)%8.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.98
Mansfield-0.86
10 Day High1.8
10 Day Low0.85
20 Day High1.8
20 Day Low0.67
52 Week High3.81
52 Week Low0.44
CS1 End0.96
CR1 StartN/A
Volume & EV
DER(3)2.71%
DER(5)1.47%
Volume26.66M
Volume Incr162.76%
Vol(5)8.13M
Vol(50)3.17M