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CHEGG INC COM USD0.001CHEGG INC COM USD0.001CHEGG INC COM USD0.001

CHEGG INC COM USD0.001

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CHGG - Dec 24 100SMA StrongWeak BounceI was trying to expand the range of my pool and looked at fundamentally weak companies that somehow had seen price climb. CHGG was one which I had found. Sector: Education Both EPS and Revenue has seen a drastic drop for the past 7 quarters. This drop in revenue is due to the free AI models which are able to produce similar to better results vs their paid services. I could not find a reason why their stock had risen since their 14 Nov earnings Does it respect the H1 100SMA (Min 3Months): Yes Is it a Hype Thematic (AI, Solar): AI is an inverse hype theme for this company since it is eroding it’s business. 100SMA StrongWeak Bounce 🏀 (0.5R) v1.0 Trading risk at 0.5R as we are testing this strategy This trade model is based on us riding the 100SMA trend waves of the strongest and weakest companies. It only executes well when greater force (RUT & SPX) is trending. Entries are at greater force key levels when it is consolidating. When greater force is taking off it is too late. Entry Within Stdev 100 zone SL = ATR14 * 2 (Run full course no early exits) Trailing stop (Previous Day Low or high) Price launch off (D1) D2 Closes D3 Move SL to D2 Low
NYSE:CHGGShort
by Ronin_trader
2
CHGG - Long Trade IdeaCHGG’s sell-off has been brutal, a direct consequence of AI disruption. The future remains uncertain despite the company’s efforts, including share buybacks, the introduction of AI tools, and major restructuring initiatives. From a technical perspective, the charts present an opportunity to long CHGG at $2.40–$3.70, with a stop loss at $1.70. This setup offers a risk-reward ratio of 2:1, making it an attractive trade for those willing to take on some risk. Not Financial Advise.
NYSE:CHGGLong
by saajidh-com
1
Chegg Chegg, Inc. (ticker symbol: **CHGG**), is an education technology company that provides digital and physical textbook rentals, online tutoring, and other student services. In the context of the list provided, Chegg is not explicitly included, but it could be categorized under the broader "Technology and Innovation" or "Consumer Discretionary" sectors due to its focus on educational services. ### Role Chegg Can Play in the Future 1. **Educational Accessibility**: - **Affordable Learning Resources**: Chegg's services can help make education more affordable and accessible by offering lower-cost textbook rentals and online learning resources. - **Digital Transformation in Education**: As education continues to shift online, Chegg can play a crucial role in providing digital study tools and resources that enhance remote learning experiences. 2. **Personalized Learning**: - **Data-Driven Insights**: Chegg can leverage data analytics to provide personalized learning experiences, tailoring study materials and tutoring to individual student needs. - **Adaptive Learning Platforms**: Developing adaptive learning technologies that adjust to a student's pace and learning style can improve educational outcomes. 3. **Expanding Global Reach**: - **International Expansion**: By expanding its services to international markets, Chegg can support students worldwide, contributing to global educational equity. - **Multilingual Support**: Offering resources in multiple languages can help non-English speaking students access high-quality educational content. 4. **Integration with Traditional Education**: - **Partnerships with Educational Institutions**: Chegg can collaborate with schools and universities to integrate its services into traditional curricula, providing supplemental learning tools. - **Credentialing and Certification**: Offering online courses and certification programs can help students gain new skills and credentials outside of traditional degree programs. ### Benefits of Data Centers Data centers are critical infrastructure for modern digital services, including those provided by companies like Chegg. Here are some key benefits: 1. **Reliability and Uptime**: - **High Availability**: Data centers are designed to provide high levels of reliability, ensuring that services are available 24/7 with minimal downtime. - **Redundancy**: They include redundant systems for power, cooling, and networking to prevent service disruptions. 2. **Scalability**: - **Resource Management**: Data centers can scale resources up or down based on demand, allowing companies to efficiently manage their computing needs. - **Growth Support**: As a business grows, data centers can provide the necessary infrastructure to support increased traffic and data storage requirements. 3. **Security**: - **Physical Security**: Data centers have robust physical security measures, including controlled access, surveillance, and security personnel. - **Cybersecurity**: They employ advanced cybersecurity protocols to protect data from cyber threats, including firewalls, encryption, and intrusion detection systems. 4. **Cost Efficiency**: - **Economies of Scale**: By centralizing IT resources, data centers can achieve cost savings through economies of scale. - **Reduced Capital Expenditure**: Businesses can avoid the high costs of building and maintaining their own data centers by using third-party data center services. 5. **Energy Efficiency**: - **Green Initiatives**: Many modern data centers are designed with energy efficiency in mind, utilizing renewable energy sources and advanced cooling technologies to reduce their carbon footprint. - **Resource Optimization**: Efficient resource management practices help minimize energy consumption and operational costs. 6. **Disaster Recovery and Backup**: - **Data Redundancy**: Data centers often provide backup and disaster recovery services, ensuring that data is not lost in the event of a hardware failure or natural disaster. - **Business Continuity**: These services are essential for maintaining business continuity, allowing companies to recover quickly from disruptions. In summary, Chegg has the potential to significantly impact the future of education through its innovative services and global reach. Data centers, on the other hand, provide the backbone for these and other digital services, offering reliability, scalability, security, and efficiency.
NYSE:CHGGLong
by TrojanBible
Chegg Plunges After Company Warns ChatGPT Is Impacting GrowthWonder if this is the first of many. I wouldn't like to be any online training / support desk type business with the rapid adoption of ChatGPT. Could be a good opportunity for the shorters out there to look around for similar businesses that might feel the impact. In Cheggs case I wonder if this drop will snowball, or be considered an over reaction by the market and some upside might be found. Wonder if they will be able to reinvent themselves somehow and how quickly. Interesting ...
NYSE:CHGG
by zAngus
Chegg Potential BounceTrading plan: 1. Wait until CM_Ultimater_MA_MFT_V2 indicates a reversal of secondary daily trend. This indication will be confirmed by change of the color of MA from red to green. Primary trend is still bearish until confirmed to be bullish. 2. CM_Williams_Vix_Fix at local daily bottom which can be seen as a confirmation of the reversal secondary bearish trend which started on November 17, 2022. 3. WT_LB is below oversold band which is also on daily timeframe is indicating a secondary trend reversal. 4. Resistance should a price ceiling of the bearish channel at $30. 5. I will start accumulating within the range 16.85-16.10 but if it will start consolidating below 16.00 then close the position. Implications: 1. Since CM_Ultimater_MA_MFT_V2 is lagging indicator there is a trade off between confirmation of the trend reversal and return rate of the trade. Therefore it could be prudent to start accumulating the position before we see a confirmation of the trend reversal by this MA. 2. This is post earnings period and Federal hike announcements/meetings have already passed. So volatility should be lower. 3. Of course this trading plan has worked out 100% in the last 7 times (of course there is an element of data mining) but trade should be done cautiously. 4. Stop loss would be if we start consolidating below $16 Reckon it does not contract to the rationale I was trying to stick to: - Identify a trend reversal (either primary of secondary on daily and weekly timeframes) - Get into the position after considering different tools of confirmation and setting a stop loss. - Ride the trend until there is a sign of trend reversal (either primary of secondary on daily and weekly timeframes) and try to get it confirmed. - Close the position. Please enjoy and if you have any further insights please share Do not forget to make your own assessment and research.
NYSE:CHGGLong
by Askhat_Kulchiyev
CHGG | Time to Learn | LONGChegg, Inc. operates direct-to-student learning platform that supports students starting with their academic journey and extending into their careers with products and services to support and help them better understand their academic course materials. The company offers Chegg Services, which include subscription services; and required materials that comprise its print textbooks and eTextbooks. Its subscription services include Chegg Study, which helps students master challenging concepts on their own; Chegg Writing that provides students with a suite of tools, such as plagiarism detection scans, grammar and writing fluency checking, expert personalized writing feedback, and premium citation generation; Chegg Math, a step-by-step math problem solver and calculator that helps students to solve problems; Chegg Study Pack, a bundle of various Chegg Services product offerings, including Chegg Study, Chegg Writing, and Chegg Math Solver services, which creates an integrated platform of connected academic support services; Busuu, an online language learning solution that offers a comprehensive solution through a combination of self-paced lessons, live classes with expert tutors, and the ability to learn and practice with members of the Busuu language learning community; and Thinkful, a skills-based learning platform that offers professional courses along with networking, interviewing, and career services. The company also provides other services, such as Chegg Life, Chegg Prep, and Chegg Internships; provides personal and professional development skills training; and rents and sells print textbooks and eTextbooks. Chegg, Inc. was incorporated in 2005 and is headquartered in Santa Clara, California.
NYSE:CHGGLong
by DivergenceSeeker
1
Chegg (NYSE: $CHGG) Tops Q4 Earnings and Revenue Estimates 🎯Chegg, Inc. operates direct-to-student learning platform that supports students on their journey from high school to college and into their career with tools designed to help them to learn their course materials, succeed in their classes, and save money on required materials. The company offers Chegg Services, which include subscription services; and required materials that comprise its print textbooks and eTextbooks. Its subscription services include Chegg Study, which helps students master challenging concepts on their own; Chegg Writing that provides students with a suite of tools, such as plagiarism detection scans, grammar and writing fluency checking, expert personalized writing feedback, and premium citation generation; Chegg Math solver, a step-by-step math problem solver and calculator that helps students to solve problems; Chegg Study Pack, a bundle of various Chegg Services product offerings, including Chegg Study, Chegg Writing, Chegg Math Solver, video content, and practice quizzes, which creates an integrated platform of connected academic support services; and Thinkful, a skills-based learning platform that offers professional courses in the areas of software engineering, UX/UI design, digital marketing, data science, product management, data analytics, product design, and technical project management directly to students. The company also provides other services, such as Chegg Prep and internships; and rents and sells print textbooks and eTextbooks. Chegg, Inc. was incorporated in 2005 and is headquartered in Santa Clara, California.
NYSE:CHGGLong
by Bullishcharts
Chegg - A Possible Decent Buy?Keeping things simple today. Chegg is at the edge of breaking out or falling apart. But based on how much it has declined already, I think this would still be a decent entry-level if you are looking for both speculation and investment. In the short term, I think it's okay to eye for the .236 fib retracement level, as you can simply capture a rebound wave. In the long term, it would be excellent to aim for both MA 200 and MA 50, which provides a better return but possibly a way longer investment period compared to the previous one. To summarize, 35ish for a conservative investment, 45.71 for a moderate investment, and 50ish ~ 65ish for a long-term investment. - By Qtaro
NYSE:CHGGLong
by Kujo_Qtaro
4
CHGG tough but not impossibleIf you have seen my previous posts, then you k now the drill Monthly in Red, weeekly in Blue and Pink for short term CHGG has dropped like a rock but then 78.6% Monthly fib level did become magnet, never ever it has closed monthly below 78.6% I know we are left with few more days this month but I doubt that it will close below red line. Now with that assumption we have a ABC pattern short term and the target you can see 100% or little more than that around 32+ but eventually if I am right then I will see this at weekly 23% level at around 40. My opinion, spend some time yourself in the chart, do not listen to anybody, do your DD. If I am helpful then great. Good luck.
NYSE:CHGGLong
by letslearn
$CHGG LongOvervalued to undervalued. About 175MM in free cash flow for 2021. 12.5% growth over 2020. Even a modest growth or near term slow down, intrinsic value is about at $50 a share, more time and average growth rates is pushing $60/ share by 2023. Very smart management, evidenced by the doubling of convertible notes issue in August 2020, sold at the top when the price was 3x what it is now. This is the vast majority of the liabilities, so recent downtrend fundamentally helps tremendously in this regard. Technically very strong. Sellers in full control pushed the price to under supports established in early & late 2019 when the business was a fraction of what it is today. Head and shoulders target was about 30. Overextended. Most oversold on RSI in company history. Large gap to fill between 40 - 55. Long at 25 and adding below, target to sell at 50 - 60. with a 1.5 year holding period. Growth at a very reasonable price.
NYSE:CHGGLong
by DatBoywentXgrowthYUH
1