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(CHGG) Chegg Inc complete technical analysis [charts+indicators] | Buy/Sell Chegg Inc | (CHGG) share price targets

Complete technical analysis of Chegg Inc (CHGG) by charts plus indicators, forecast predictions and share price targets for Chegg Inc (CHGG)

Chegg Inc trades in USA in Consumer Services sector.

Showing technical analysis as on 2024-01-08 View latest technical analysis

10 day averaged volume of Chegg Inc is 2200830

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	10.87	10.76	11.08	10.66	0.937 times
05 Fri Jan 2024	10.78	10.64	10.96	10.48	1.055 times
04 Thu Jan 2024	10.68	11.10	11.11	10.47	2.2 times
03 Wed Jan 2024	11.07	11.21	11.32	10.97	1.466 times
02 Tue Jan 2024	11.23	11.24	11.47	11.06	0.905 times
29 Fri Dec 2023	11.36	11.38	11.46	11.23	0.77 times
29 Fri Dec 2023	11.36	11.38	11.46	11.23	0.77 times
28 Thu Dec 2023	11.41	11.22	11.48	11.21	1.003 times
27 Wed Dec 2023	11.29	11.21	11.30	11.14	0.703 times
26 Tue Dec 2023	11.12	11.06	11.23	11.01	0.5 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 10.8 as stoploss in an intra day buy trade for a target of 11.03. However, stock will show a bearish move below 10.8.

Share price targets for Chegg Inc (CHGG)

Target Type	Value
Downside Target	7.34
Downside Target	8.65
Downside Target	9.03
Downside Target	9.87
Downside Target	10.17
Downside Target	10.47
Upside Target	11.01
Upside Target	11.39
Upside Target	11.46
Upside Target	11.47
Upside Target	11.48

Intraday share price targets for Chegg Inc (CHGG)

Target Type	Value
Downside Intraday Target	10.66
Downside Intraday Target	10.45
Upside Intraday Target	11.08
Upside Intraday Target	11.29
Downside Intraday Target	10.87

Weekly technical analysis of Chegg Inc (CHGG)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	10.87	10.76	11.08	10.66	0.167 times
05 Fri Jan 2024	10.78	11.24	11.47	10.47	7.308 times
29 Fri Dec 2023	11.36	11.38	11.46	11.23	0.259 times
29 Fri Dec 2023	11.36	11.06	11.48	11.01	0.607 times
22 Fri Dec 2023	11.06	10.48	11.39	10.17	0.766 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Chegg Inc (CHGG)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	10.87	11.24	11.47	10.47	0.327 times
29 Fri Dec 2023	11.36	9.90	11.48	9.87	0.707 times
30 Thu Nov 2023	9.93	7.62	10.73	7.37	1.289 times
31 Tue Oct 2023	7.53	8.94	9.03	7.34	1.186 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Chegg Inc (CHGG)

Price action analysis of Chegg Inc ( (CHGG) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Chegg Inc ( (CHGG) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Chegg Inc ( (CHGG) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Chegg Inc stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Chegg Inc in short term but the sell signal is initial and weak.

Chegg Inc Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Chegg Inc in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Chegg Inc is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 11.05 and Chegg Inc (CHGG) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Chegg Inc (CHGG) stock. Volume based technical analysis of Chegg Inc (CHGG) stock is negative.

Chegg Inc Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.