Technical Analysis for CHGG - Chegg, Inc.

Grade Last Price % Change Price Change
F 81.43 0.42% 0.34
CHGG closed up 0.42 percent on Wednesday, June 23, 2021, on 53 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. It ran into resistance at its 50 day moving average. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Flat Up
Historical CHGG trend table...

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
Shooting Star Candlestick Bearish 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
MACD Bullish Centerline Cross Bullish 0.00%
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Upper Bollinger Band Walk Strength 0.00%
Weak + Overbought Other 0.00%
Weak, Overbought and Reversal Signs Reversal 0.00%
Older End-of-Day Signals for CHGG ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Possible NR7 about 14 hours ago
50 DMA Resistance about 18 hours ago
Rose Above 50 DMA about 18 hours ago
Up 1% about 18 hours ago
Rose Above Previous Day's High about 19 hours ago
View Earlier Intraday Alerts

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Profile

Chegg, Inc. Description

Chegg, Inc. operates direct-to-student learning platform that supports students on their journey from high school to college and into their career with tools designed to help them pass their test, pass their class, and save money on required materials. The company offers Chegg Services, which include digital products and services; and required materials that comprise its print textbooks and eTextbooks. Its digital products and services include Chegg Study, which helps students master challenging concepts on their own; Chegg Writing that enables generate sources in the required formats, when students need to cite their sources in written work; Chegg Tutors that allow students find human help on its learning platform through a network of live tutors; Chegg Math solver, a step-by-step math problem solver and calculator that helps students to solve problems; and Thinkful, a skills-based learning platform that offers professional courses in the areas of software engineering, data science, data analytics, product design, and product management directly to students. The company also provides other services, such as Chegg Prep and internships, college admission and scholarship services; rents and sells print textbooks and eTextbooks; and offers supplemental materials. Chegg, Inc. was founded in 2005 and is headquartered in Santa Clara, California.


Classification

Sector: Consumer Defensive
Industry: Education & Training Services
Keywords: Product Design Educational Technology Online Education Ship Services Tutor Textbook Digital Products Publishing Software Engineering Books

Is CHGG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 115.21
52 Week Low 62.84
Average Volume 1,490,063
200-Day Moving Average 84.25
50-Day Moving Average 81.71
20-Day Moving Average 76.96
10-Day Moving Average 78.52
Average True Range 2.37
ADX 24.03
+DI 24.50
-DI 20.97
Chandelier Exit (Long, 3 ATRs) 75.11
Chandelier Exit (Short, 3 ATRs) 78.78
Upper Bollinger Bands 81.49
Lower Bollinger Band 72.43
Percent B (%b) 0.99
BandWidth 11.77
MACD Line 0.08
MACD Signal Line -0.98
MACD Histogram 1.0589
Fundamentals Value
Market Cap 10.49 Billion
Num Shares 129 Million
EPS 0.01
Price-to-Earnings (P/E) Ratio 6263.85
Price-to-Sales 15.88
Price-to-Book 14.48
PEG Ratio 1.47
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 83.14
Resistance 3 (R3) 83.22 82.72 82.86
Resistance 2 (R2) 82.72 82.29 82.69 82.76
Resistance 1 (R1) 82.08 82.02 82.40 82.00 82.66
Pivot Point 81.58 81.58 81.75 81.55 81.58
Support 1 (S1) 80.94 81.15 81.26 80.86 80.20
Support 2 (S2) 80.44 80.88 80.41 80.10
Support 3 (S3) 79.80 80.44 80.01
Support 4 (S4) 79.72