Trading Signals: CHGG Stock Price Prediction and Forecast

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Tue. Feb. 9, 2021

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

(Chegg, Inc.)
CHGG latest price $102.3500 (0.34%) ($100.1020 - $111.9500) on Tue. Feb. 9, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.53% (three month average)
RSI   53
Latest Price   $102.3500(0.34%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CHGG advances 0.8% a day on average for past five trading days.
Weekly Trend   CHGG advances 1.6% a week on average for past two weeks.
Market Behavior   Normal for large cap. Growth 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%)    IPO(34%)    ONLN(34%)
Factors Impacting CHGG price   CHGG will decline at least -1.265% in a week (0% probabilities).
VIXM(-17%)    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   -1.265% (StdDev 2.53%)
Hourly BBV -0.3 ()
Intraday Trend -3.9%

Inflection Point   Yes
5 Day Moving Average   $101.11(1.23%)
10 Day Moving Average   $98.46(3.95%)
20 Day Moving Average   $98.54(3.87%)
To recent high   0%
To recent low   54.9%
Market Cap   $12.704b

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 2.6% (three month std-dev: 2.53%) daily (68% of days).

Sample size 31 Average positive next day return: 1.42%(42%) Average negative next day return: -1.73%(58%) Sample size 31 Average positive next three day return: 2.78%(52%) Average negative next three day return: -3.45%(48%) Sample size 31 Average positive next weekly return: 3.6%(42%) Average negative next weekly return: -3.57%(58%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210309

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	Feb_9_2021	83.48	98.54	98.46	101.11	102.42	104.15	102.35(0.34%)	UT	OpenLong	75	0.5	60	160	60	61	5.64	52%	0.43	80	2.53%	-0.3	1.5	53	1.1
2	Feb_8_2021	83.12	98.23	98.17	100.34	100.87	102.33	102(-0.15%)	UD	OpenLong	75	0.7	50	120	51	45	2.4	52%	0.47	93.9	2.86%	0.5	1.6	54	1.1
3	Feb_5_2021	82.73	97.95	97.53	99.1	99.55	100.69	102.15(2.27%)	UT	OpenLong	75	1.3	42	90	47	25	1.32	52%	0.46	97.9	2.87%	1.5	1.8	57	1.1
4	Feb_4_2021	82.35	97.41	96.95	97.72	98.17	99.41	99.88(0.72%)	N/A	N/A	0	0.9	29	100	39	-1	1.06	55%	0.41	75.3	2.86%	0.6	1	48	1.1
5	Feb_3_2021	82.01	96.93	96.92	96.58	96.87	98.41	99.17(0.68%)	N/A	N/A	0	0.9	32	120	46	-9	1.27	55%	0.42	55.2	2.91%	0.8	0.8	52	0.7

6	Feb_2_2021	81.67	96.53	96.95	95.4	95.7	96.93	98.5(2.81%)	N/A	N/A	0	1	20	100	34	-24	1.51	55%	0.42	40	2.91%	1.2	0.6	51	-0.1
7	Feb_1_2021	81.33	96.01	97.02	95.73	94.84	95.34	95.81(0.58%)	DP	OpenShort	-65	0	-2	10	6	-26	0.97	55%	0.38	31	2.9%	0.9	-0.1	50	-1.3
8	Jan_29_2021	81.02	95.76	97.23	95.74	95.75	94.46	95.26(1.16%)	DP	OpenShort	-75	-0.1	-12	-90	-6	-29	1.15	55%	0.38	27.3	2.92%	0.6	-0.1	49	-2.7
9	Jan_28_2021	80.71	95.56	97.74	96.06	96.33	94.34	94.17(0.98%)	DP	OpenShort	-75	-0.5	-56	-140	-64	-32	3.11	55%	0.32	24.7	2.93%	-0.5	-0.3	59	-2.2
10	Jan_27_2021	80.45	95.32	98.21	97.29	97.26	97.03	93.26(-6.9%)	CR	SmallShort	-20	-1	-35	-20	-48	6	2	49%	0.36	30.5	2.93%	-1.5	-0.5	61	-3

11	Jan_26_2021	80.16	95.27	98.74	98.65	98.86	98.33	100.17(4.54%)	UT	OpenLong	75	0.3	24	-30	13	58	2.75	52%	0.25	42.2	3.14%	0.8	1.1	69	0.3
12	Jan_25_2021	79.96	94.86	98.38	98.54	99.02	97.49	95.82(-1.08%)	N/A	N/A	0	-0.6	-15	-90	-38	55	1.71	50%	0.36	48.4	3.09%	-1.2	0.2	71	0.8
13	Jan_22_2021	79.67	94.73	98.51	98.93	99.48	99.39	96.87(-3.47%)	N/A	N/A	0	-0.5	-3	10	-30	77	2.01	50%	0.37	56.5	3.09%	-1.5	0.5	64	1.5
14	Jan_21_2021	79.38	94.57	98.03	99.65	100.11	100.55	100.35(0.31%)	UT	OpenLong	75	0.2	44	40	21	112	1.18	52%	0.29	70.9	3.05%	0.8	1.3	70	1.8
15	Jan_20_2021	79.15	94.07	97.01	99.26	99.9	99.58	100.04(0.41%)	UT	OpenLong	75	0.2	31	-0	6	106	1.46	52%	0.3	81.2	3.05%	0.3	1.4	72	1.7

16	Jan_19_2021	78.91	93.44	96.11	98.84	99.44	99.66	99.63(1.9%)	UT	HoldLong	50	0.2	23	30	-2	99	1.7	52%	0.42	90.8	3.06%	-0.2	1.6	63	1.3
17	Jan_15_2021	78.58	92.82	94.92	98.22	99.12	100.23	97.77(-2.67%)	UD	OpenLong	75	-0.1	46	110	29	98	2	52%	0.29	97.8	3.03%	-1.4	1.3	59	0.7
18	Jan_14_2021	78.35	92.29	94.18	97.99	98.03	99.21	100.45(2.06%)	UT	OpenLong	75	0.6	59	90	46	99	1.68	52%	0.32	108.2	3.01%	1.2	2.1	62	1.2
19	Jan_13_2021	78.1	91.53	93.15	96.15	96.7	98.01	98.42(0.48%)	UT	OpenLong	75	0.6	56	110	50	73	1.03	54%	0.31	112.5	3.02%	0.8	2	57	1.4
20	Jan_12_2021	77.86	90.78	92.14	94.38	94.8	96.86	97.95(1.48%)	UT	OpenLong	75	1.1	53	170	54	49	1.01	54%	0.32	109.9	3.05%	1	2.1	62	1.1

21	Jan_11_2021	77.61	89.99	91.44	92.96	92.78	95.39	96.52(-0.11%)	UD	OpenLong	75	1.1	68	190	74	49	1.62	54%	0.25	108	3.05%	0.7	1.9	66	0.2
22	Jan_8_2021	77.42	89.2	90.96	91.12	91.01	92.75	96.63(5.93%)	UT	OpenLong	75	1.6	58	130	66	33	2.91	54%	0.26	95.2	3.06%	1.6	2.1	66	1.6
23	Jan_7_2021	77.22	88.3	90.51	89.86	89.48	90.17	91.22(1.84%)	UT	OpenLong	75	0.4	15	40	17	10	1.05	53%	0.18	86.3	2.97%	1.2	0.8	60	1.5
24	Jan_6_2021	77.08	87.73	90.74	89.73	89.42	89.28	89.57(-1.41%)	UD	OpenLong	75	-0	12	-20	8	22	1.65	53%	0.14	74.9	3.02%	0	0.4	61	-0.4
25	Jan_5_2021	76.97	87.21	90.86	89.52	89.58	88.8	90.85(4.03%)	N/A	N/A	0	0.3	-6	-60	-16	24	1.78	53%		68.8	3.01%	0.8	0.8	68	-0.5
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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