CHEGG INC (CHGG) Technical Analysis
NYSE:CHGG • US1630921096
Current stock price
0.8 USD
-0.06 (-6.98%)
At close:
0.8036 USD
+0 (+0.45%)
After Hours:
CHGG Technical Rating and Analysis
Taking everything into account, CHGG scores 6 out of 10 in our technical rating. In the past year, CHGG was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- 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 short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- CHGG is one of the better performing stocks in the Diversified Consumer Services industry, it outperforms 84% of 73 stocks in the same industry.
- In the last month CHGG has a been trading in the 0.45 - 0.94 range, which is quite wide. It is currently trading near the high of this range.
- CHGG has an average volume of 1254910 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 79% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CHGG Weekly and Daily overview Charts
CHGG Setup Rating and Analysis
CHGG has an average technical rating and it also does not offer a high 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
CHGG Support and Resistance Analysis
0.79
1.17
We can see 2 important resistance areas.
- Resistance @0.90 from a horizontal line in the daily time frame.
- Resistance @1.16 from a trend line in the weekly time frame.
CHGG Technical Indicator Signal Analysis
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 | 79.03 | POSITIVE | CHGG has a high relative strength, it outperformed 79.03% 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 | NEGATIVE | The current price of CHGG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.7 | NEUTRAL | The RSI value for CHGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CHGG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.24 | OVERBOUGHT | The high Stochastics value suggests CHGG may be overbought. |
| Average True Range in percent/ATR (20) | 9.62 | HIGH VOLATILITY | The high ATR as a percentage value for CHGG suggests high volalility. |
| Average Directional Index/ADX (14) | 25.14 | POSITIVE | The high ADX value value for CHGG suggests a strong trend. |
CHGG Chart- and CandleStick Pattern Analysis
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)
CHGG Technicals: Chart, Performance Metrics, Trend & Indicators
0.8
-0.06 (-6.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDiversified Consumer Services
Performance
% Chg-6.98%
1 Week6.67%
2 Weeks29.66%
1 Month40.25%
3 Month-15.53%
6 Month-37.5%
12 Month66.6%
2 Year-84.53%
3 Year-95.55%
5 Year-99.11%
10 Year-82.38%
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%9.62%
ATR Inc7.88%
Range Today0.08
ADR(20)0.07
ADR(20)%9.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.03
3 months CRS22.16
6 months CRS14
Mansfield-2.78
10 Day High0.94
10 Day Low0.58
20 Day High0.94
20 Day Low0.45
52 Week High1.9
52 Week Low0.45
CS1 EndN/A
CR1 Start0.9
Volume & EV
DER(3)-4.05%
DER(5)-0.59%
Volume1.29M
Volume Incr56.71%
Vol(5)1.51M
Vol(50)1.25M
CHEGG INC / CHGG TA FAQ
Can you provide the ChartMill technical rating for CHEGG INC?
ChartMill assigns a technical rating of 6 / 10 to CHGG.
What is the trend direction for CHGG stock?
The current trend direction for CHEGG INC (CHGG) is Bearish.
Can you provide the RSI signal for CHEGG INC?
CHEGG INC (CHGG) has an RSI value of 59.703. 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 positive.