CHEMUNG FINANCIAL CORP (CHMG) Stock Technical Analysis
NASDAQ:CHMG - Nasdaq - US1640241014 - Common Stock - Currency: USD
Overall CHMG gets a technical rating of 1 out of 10. CHMG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
CHMG is part of the Banks industry. There are 398 other stocks in this industry, of which 84% are performing better than CHMG.
CHMG is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Warning: CHMG has an average volume of 17643 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When compared to the yearly performance of all other stocks, CHMG outperforms 41% of them, which is more or less in line with the market.
In the last month CHMG has a been trading in the 40.71 - 46.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
CHMG has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
39.08
48.67
We found 2 important support areas.
- A support zone ranging from 40.72 to 40.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @39.47 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 44.70 to 46.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @48.19 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.74
Mansfield-0.55
10 Day High46.84
10 Day Low41.52
20 Day High46.84
20 Day Low40.71
52 Week High55.73
52 Week Low40.71
Performance
1 Week3.28%
2 Weeks5.13%
1 Month-0.93%
3 Month-11.59%
6 Month-5.54%
12 Month3.33%
2 Year26.24%
3 Year2.62%
5 Year76.5%
10 Year68.26%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.41
RSI(14)50.63
LBB41.29
UBB45.47
NASDAQ:CHMG (5/2/2025, 4:30:00 PM)
44.69
+0.9 (+2.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.06%
1 Week3.28%
2 Weeks5.13%
1 Month-0.93%
3 Month-11.59%
6 Month-5.54%
12 Month3.33%
2 Year26.24%
3 Year2.62%
5 Year76.5%
10 Year68.26%
15 YearN/A
Volatility
ATR(14)1.36
ATR(20)%4.13%
ATR Inc-13.33%
Range Today1.5
ADR(20)1.69
ADR(20)%3.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.74
Mansfield-0.55
10 Day High46.84
10 Day Low41.52
20 Day High46.84
20 Day Low40.71
52 Week High55.73
52 Week Low40.71
CS1 End40.83
CR1 Start44.7
Volume & EV
DER(3)-9.35%
DER(5)-5.61%
Volume13.08K
Volume Incr-47.32%
Vol(5)7.22K
Vol(50)17.64K