Chegg Technical Analysis (NYSE:CHGG)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Chegg stock price data and volume are plotted in CHGG stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Chegg. The technical analysis form of Chegg stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Chegg Moving Average
Moving averages show the average price of CHGG stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $28.44 is below the price of $29.76.
Chegg Bollinger Bands
Bollinger bands comprise of a center line usually CHGG SMA, and two CHGG stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Chegg bollinger bands show that the stock price is $29.76, upper band is 30.53, lower band is 26.34, and the average is 28.44.
Chegg Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Chegg MACD indicator is below 0 indicating a bearish trend.
Chegg Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of CHGG stock is 62.73.