Trading Signals: CHGG Stock Price Prediction and Forecast

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Wed. Dec. 23, 2020

Trading Signals: CHGG Stock Price Prediction and Forecast (Mon. Oct. 26, 2015 - Fri. Oct. 27, 2023)

(Chegg, Inc.)
CHGG latest price $93.0800 (-0.86%) ($92.0300 - $94.4900) on Wed. Dec. 23, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.99% (three month average)
RSI   91
Latest Price   $93.0800(-0.86%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CHGG advances 1.4% a day on average for past five trading days.
Weekly Trend   CHGG advances 8% a week on average for past two weeks.
Market Behavior   Rotation from growth to value for large cap. Value stock rally for small cap.
Correlated ETFs   Broad market will support CHGG advance at 0% a week (0% probability)
IBUY(40%)    IWO(37%)    ARKK(36%)    ONLN(35%)    IBB(34%)
Factors Impacting CHGG price   CHGG will decline at least -1.495% in a week (0% probabilities).
VIXM(-18%)    UUP(-10%)    VXX(-4%)    SHY(-3%)    TLT(-1%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.495% (StdDev 2.99%)
Hourly BBV 0.5 ()
Intraday Trend -0.6%

5 Day Moving Average   $90.51(2.84%)
10 Day Moving Average   $87.38(6.52%)
20 Day Moving Average   $82.34(13.04%)
To recent high   -0.9%
To recent low   40.8%
Market Cap   $11.553b

Chegg, Inc. engages in the operations of learning platform for students. It intends to empower students to take control of their education and help the students study, college admissions exams, accomplish their goals, get grades, and test scores. The firm offers required and non-required scholastic materials including textbooks in any format; access to online homework help and textbook solutions; course organization and scheduling; college and university matching tools; and scholarship connections. Its services include Chegg study, writing, tutors, and math solver. The company was founded by Osman Rashid and Aayush Phumbhra on July 29, 2005 and is headquartered in Santa Clara, CA.

$. CHGG price fluctuates within 7.42% (three month std-dev: 2.99%) daily (68% of days).

Sample size 50 Average positive next day return: 5.41%(44%) Average negative next day return: -2.51%(56%) Sample size 50 Average positive next three day return: 5.86%(56%) Average negative next three day return: -5.8%(44%) Sample size 50 Average positive next weekly return: 6.93%(56%) Average negative next weekly return: -6.26%(44%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210123

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Dec_23_2020	76.34	82.34	87.38	90.51	90.61	92.96	93.08(-0.86%)	TP	CloseLong	-10	0.4	90	180	59	184	1.47	58%	0.1	90	2.99%	0.5	1.8	91	0.5
2	Dec_22_2020	76.26	81.13	85.93	89.3	89.17	90.81	93.89(3.62%)	UT	HoldLong	65	0.7	98	120	70	183	2.86	58%	0.11	84.1	2.99%	1.5	2.1	94	-0.7
3	Dec_21_2020	76.18	79.98	84.44	87.65	87.65	88.26	90.61(3.55%)	UT	HoldLong	65	0.5	64	50	34	153	3.21	59%	0.13	85.8	2.97%	1.9	1.8	79	-1.6
4	Dec_18_2020	76.08	78.98	83.2	86.22	86.55	87.54	87.5(0.02%)	UT	HoldLong	65	0.2	55	90	29	133	2.1	58%	0.12	83.9	3.03%	-0	1.6	77	1.2
5	Dec_17_2020	75.99	78.12	82.06	85.11	85.3	87.04	87.48(0.53%)	UT	HoldLong	65	0.4	70	150	50	131	2.11	58%	0.17	80.4	3.04%	0.2	1.8	81	1.6

6	Dec_16_2020	75.86	77.19	80.92	83.73	83.77	85.55	87.02(1.59%)	UT	HoldLong	65	0.6	79	150	63	128	1.57	58%	0.18	74.9	3.05%	1	1.9	83	1.5
7	Dec_15_2020	75.72	76.23	79.79	82.02	82.03	83.57	85.66(2.64%)	UT	HoldLong	65	0.7	66	130	49	118	1.7	58%	0.15	70.4	3.05%	1.3	1.9	86	0.8
8	Dec_14_2020	75.61	75.33	79	80.75	80.74	81.99	83.46(1.84%)	UT	OpenLong	75	0.6	60	110	41	116	1.7	58%	0.15	64.9	3.04%	1.7	1.7	74	-0.6
9	Dec_11_2020	75.5	74.65	78.4	79.75	79.86	80.5	81.95(1.71%)	UT	OpenLong	75	0.5	57	60	36	119	1.54	58%	0.09	56.2	3.03%	1.1	1.7	73	0.3
10	Dec_10_2020	75.43	74.07	77.7	78.55	78.91	79.5	80.57(2.72%)	UT	OpenLong	75	0.5	43	70	21	109	2.19	55%	0.07	43.8	3.03%	0.8	1.6	73	0.9

11	Dec_9_2020	75.38	73.5	76.91	77.66	78.05	79.22	78.44(-1.1%)	UD	OpenLong	75	0.2	47	120	26	109	1.78	55%	0.01	31.9	3.05%	-0.6	1.3	73	1
12	Dec_8_2020	75.37	72.89	76	77.18	77.28	78.33	79.31(1.06%)	UT	HoldLong	65	0.5	50	100	31	108	1.02	55%	0.04	19.7	3.07%	1.5	1.6	77	1.6
13	Dec_7_2020	75.34	72.38	75.2	77	76.72	76.87	78.48(3.34%)	UT	HoldLong	65	0.4	35	0	10	108	1.32	55%	0.07	15.6	3.09%	2	1.6	76	1.1
14	Dec_4_2020	75.29	72.26	74.46	76.89	76.82	76.23	75.94(-0.25%)	UD	OpenLong	65	-0.3	21	-60	-7	105	1.12	53%	0.07	20.1	3.09%	-0.9	1	63	1.2
15	Dec_3_2020	75.24	72.31	73.94	76.7	77.11	76.57	76.13(0.13%)	UD	OpenLong	65	-0.2	25	-30	-2	106	1.55	47%	0.08	21.9	3.11%	-0.6	1	62	0.9

16	Dec_2_2020	75.18	72.28	73.25	75.99	76.55	77.4	76.03(-3.02%)	UD	OpenLong	75	0	40	100	21	97	1.39	47%	0.09	17.3	3.38%	-1.5	1	65	1
17	Dec_1_2020	75.11	72.12	72.46	74.53	75.09	77.65	78.4(0.6%)	UT	HoldLong	65	1	69	260	59	99	1.62	49%	0.11	1.9	3.36%	0.4	1.7	76	1
18	Nov_30_2020	75.03	71.8	71.38	73.11	73.03	75.7	77.93(3.89%)	UT	OpenLong	75	1.4	74	250	72	81	2.9	49%	0.04	-27.1	3.37%	0.5	1.8	64	1.1
19	Nov_27_2020	75	71.53	70.55	71.73	71.48	72.54	75.01(3.36%)	UT	OpenLong	75	1	44	90	46	36	1.29	47%	0.05	-59.6	3.36%	-3.1	1.1	45	1.1
20	Nov_25_2020	74.96	71.48	70.07	70.84	70.77	70.35	72.57(5.59%)	N/A	N/A	0	0.5	2	-40	6	-9	3.97	45%	0.01	-81.4	3.32%	1.5	0.3	40	1.3

21	Nov_24_2020	74.95	71.63	69.75	70.14	70.61	70.42	68.73(-3.65%)	DT	OpenShort	-75	-0.4	-16	0	-8	-41	2.02	38%	-0.03	-95.2	3.26%	-1.5	-0.8	36	1.1
22	Nov_23_2020	74.97	72.04	69.54	70	70.31	71.19	71.33(0.44%)	N/A	N/A	0	0.3	1	100	18	-49	2.4	40%	-0.05	-81.8	3.3%	0.7	-0.2	48	1.1
23	Nov_20_2020	75.01	72.74	69.33	69.32	69.61	70.81	71.02(0.64%)	N/A	N/A	0	0.3	6	130	29	-63	2.09	40%	0.01	-72.4	3.3%	0.6	-0.3	48	1.2
24	Nov_19_2020	75	73.47	69.86	69.19	68.87	69.44	70.57(2.22%)	DP	OpenShort	-65	0.2	-5	40	15	-63	2.04	40%	0.03	-64.8	3.3%	1.1	-0.5	46	1.3
25	Nov_18_2020	74.98	74.22	70.51	69.23	68.96	68.4	69.04(1.45%)	DP	OpenShort	-75	-0	-20	-70	-5	-65	2.09	40%		-59.5	3.29%	2.4	-0.8	41	1.3
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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