CHEGG INC (CHGG) Technical Analysis
NYSE:CHGG • US1630921096
Current stock price
0.75 USD
+0.04 (+4.9%)
At close:
0.7499 USD
0 (-0.01%)
After Hours:
CHGG Technical Rating and Analysis
Overall CHGG gets a technical rating of 3 out of 10. CHGG has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- CHGG is currently trading in the lower part 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.
- CHGG is part of the Diversified Consumer Services industry. There are 73 other stocks in this industry. CHGG outperforms 72% of them.
- In the last month CHGG has a been trading in the 0.45 - 0.78 range, which is quite wide. It is currently trading near the high of this range.
- CHGG has an average volume of 1198140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- When comparing the performance of all stocks over the past year, CHGG turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
- 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
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
CHGG Support and Resistance Analysis
0.74
1.19
We can see 3 important resistance areas.
- A resistance zone ranging from 0.76 to 0.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.78 from a trend line in the weekly time frame.
- Resistance @1.18 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 | DOWN | NEGATIVE | The long term trend for CHGG is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHGG is up. |
| ChartMill Relative Strength | 61.05 | NEUTRAL | CHGG is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of CHGG is above a declining 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) | 61.7 | 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. |
| Stochastics (14,3) | 87.42 | OVERBOUGHT | The high Stochastics value suggests CHGG may be overbought. |
| Average True Range in percent/ATR (20) | 8.58 | HIGH VOLATILITY | The high ATR as a percentage value for CHGG suggests high volalility. |
| Average Directional Index/ADX (14) | 18.15 | NEGATIVE | The low ADX value for CHGG suggests a weak or negative 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
0.75
+0.04 (+4.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDiversified Consumer Services
Performance
% Chg4.9%
1 Week21.56%
2 Weeks32.39%
1 Month18.71%
3 Month-23.5%
6 Month-52.53%
12 Month46.77%
2 Year-85.49%
3 Year-95.83%
5 Year-99.17%
10 Year-83.48%
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%8.58%
ATR Inc8.16%
Range Today0.08
ADR(20)0.06
ADR(20)%7.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.05
3 months CRS15.39
6 months CRS9.38
Mansfield-2.97
10 Day High0.78
10 Day Low0.45
20 Day High0.78
20 Day Low0.45
52 Week High1.9
52 Week Low0.44
CS1 EndN/A
CR1 Start0.76
Volume & EV
DER(3)-7.81%
DER(5)-4.06%
Volume810.30K
Volume Incr49.64%
Vol(5)1.23M
Vol(50)1.20M
CHEGG INC / CHGG TA FAQ
Can you provide the ChartMill technical rating for CHEGG INC?
ChartMill assigns a technical rating of 3 / 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 61.6966. 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.
What is the buy/sell signal for CHGG stock?
The buy/sell signal for CHEGG INC (CHGG) is hold as the short term and long term trends are mixed.