Taking everything into account, CHMG scores 5 out of 10 in our technical rating. In the last year, CHMG was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, CHMG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 53.92, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CHMG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
41.25
We found 4 important support areas.
- A support zone ranging from 52.48 to 54.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 49.99 to 50.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @49.14 from a horizontal line in the daily time frame.
- Support @41.67 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CHMG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CHMG is neutral. |
| ChartMill Relative Strength | 70.71 | POSITIVE | CHMG has a high relative strength, it outperformed 70.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CHMG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CHMG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CHMG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.21 | NEUTRAL | The RSI value for CHMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests CHMG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.93 | OVERSOLD | The low Stochastics value suggests CHMG may be oversold. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for CHMG suggests some volalility. |
| Average Directional Index/ADX (14) | 22.68 | NEUTRAL | The ADX value for CHMG suggests a possible start of a new trend. |
NASDAQ:CHMG (1/13/2026, 2:54:24 PM)
54.87
+0.73 (+1.35%)
CHEMUNG FINANCIAL CORP / CHMG FAQ
Can you provide the ChartMill technical rating for CHEMUNG FINANCIAL CORP?
ChartMill assigns a technical rating of 5 / 10 to CHMG.
Can you provide the trend direction for CHEMUNG FINANCIAL CORP?
The current trend direction for CHEMUNG FINANCIAL CORP (CHMG) is Bullish.
What is the RSI signal for CHMG stock?
CHEMUNG FINANCIAL CORP (CHMG) has an RSI value of 45.2105. This indicates that the stock is currently neutral.
What is the MACD signal for CHEMUNG FINANCIAL CORP (CHMG) stock?
The MACD indicator for CHEMUNG FINANCIAL CORP (CHMG) has a value of -0.417789, indicating a bearish trend.
What are the support and resistance levels for CHEMUNG FINANCIAL CORP (CHMG) stock?
CHEMUNG FINANCIAL CORP (CHMG) has a support level at 53.92 and a resistance level at 54.52. Check the full technical report for our detailed analysis of CHMG support and resistance levels.