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Weaker Stock
Today CHGG ranks #13059 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

$28.71 (1.84%)

Volume: 8M

Closed: Dec 08, 2021

Hollow Logo Score: -1.526

Chegg Inc Stock Forecast

$28.71 (1.84%)

Volume: 8M

Closed: Dec 08, 2021

Score Hollow Logo -1.526
Which way will CHGG go? Request
Key Stats
P/E Ratio 14 915.56
Beta 0.74
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 50 and the stock is currently not being overbought or oversold

Green day on Wednesday for Chegg Inc stock after gaining 1.84%
(Updated on Dec 08, 2021)

Sell candidate since 2021-11-02 Loss -10.62%

The Chegg Inc stock price gained 1.84% on the last trading day (Wednesday, 8th Dec 2021), rising from $28.19 to $28.71. During the day the stock fluctuated 3.69% from a day low at $27.90 to a day high of $28.93. The price has risen in 6 of the last 10 days and is up by 14.75% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately $220.85 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -63.69% during the next 3 months and, with a 90% probability hold a price between $6.13 and $13.22 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, November 26, 2021, and so far it has risen 14.89%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Chegg Inc stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $36.70. On a fall, the stock will find some support from the short-term average at $28.45. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss

Chegg Inc finds support from accumulated volume at $28.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.03 between high and low, or 3.69%. For the last week, the stock has had a daily average volatility of 5.47%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Chegg Inc stock A Buy?

Chegg Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.526

Predicted Opening Price for Chegg Inc of Thursday, December 9, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 9, 2021 Current price
$28.51 $28.71 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 30, 2021 "Needham & Company LLC" gave "" rating for CHGG. The price target was set to $26.69+3.9%.

Volatility and Risk
Daily Average Volatility: 5.47 %
Overall Risk: Very High High Medium Low Very Low
5.47 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $31.63
Price: $28.71
Support: $28.60

CHGG Insider Trading Show all Trades



Last 100 transactions
Buy: 863 134 | Sell: 581 545 (Shares)
Date Action Amount Person Type
Dec 03, 2021 Sell 8 500 York John E. Director Stock Option (right to buy)
Dec 03, 2021 Buy 8 500 York John E. Common Stock
Dec 02, 2021 Buy 35 470 Schlein Ted Common Stock
Dec 01, 2021 Buy 20 000 Brown Andrew J Common Stock
Dec 01, 2021 Sell 4 947 Schultz Nathan J. Common Stock
Show all Insider Trades


Last 100 transactions
Buy: 863 134 | Sell: 581 545 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 29.54 2.90 %
29.15 1.53 %
28.91 0.69 %
Current price: 28.71
Support 28.12 -2.06 %
27.88 -2.90 %
27.48 -4.27 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 34.08 18.70 %
32.12 11.88 %
31.63 10.17 %
Current price 28.71
Support 28.60 -0.38%
27.85 -3.00%
27.44 -4.42%

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About Chegg Inc

Chegg Chegg, Inc. operates student-first connected learning platform that empowers students to take control of their education to save time, save money, and get smarter. It offers print textbook and eTextbook library for rent and sale; and provides eTextbooks, supplemental materials, Chegg Study service, tutoring service, textbook buyback, test preparation service, internships, and college admissions and scholarship services, as well as enrollment mark... Read more

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