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Stock Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
Chegg, Inc. (NYSE:CHGG)
Long-Term Downtrend (-90) - CHGG is in a strong downtrend that is likely to continue. While CHGG is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CHGG?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHGG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CHGG
The long-term trend has been DOWN since Mar 5th, 2024 at 8.385
The intermediate-term trend has been DOWN since Jan 17th, 2024 at 10.475
The short-term trend has been DOWN since Apr 23rd, 2024 at 6.820
Smart Scan Analysis for CHGG
Based on our trend formula, CHGG is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.790 | 6.905 | 6.630 | 6.805 | -0.025 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.830 | 1479424 | 2024-04-24 15:59:51 |
| Year High | 32.82 | Year High Date | 2018-09-04 |
| Year Low | 15.465 | Year Low Date | 2018-02-09 |
| 52wk High | 18.71 | 52wk High Date | 2023-04-27 |
| 52wk Low | 6.63 | 52wk Low Date | 2024-04-16 |
| Average Volume | 2,008,497 | Shares Outstanding | 115,815 |
| Market Cap | 4,028M | Assets | 172,723,500M |
| Liabilities | 782,617,000M | P/E Ratio | 7.5812 |
| Volatility | 60.55 |