CHEMUNG FINANCIAL CORP (CHMG) Technical Analysis
NASDAQ:CHMG • US1640241014
Current stock price
CHMG Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to CHMG. 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.
- In the last month CHMG has a been trading in the 50.31 - 59.04 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: CHMG has an average volume of 7124 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When comparing the performance of all stocks over the past year, CHMG turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
- CHMG is an average performer in the Banks industry, it outperforms 46% of 380 stocks in the same industry.
- CHMG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CHMG is lagging the market slightly.
CHMG Weekly and Daily overview Charts
CHMG Setup Rating and Analysis
CHMG has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
CHMG Support and Resistance Analysis
48.65
3 important support areas can be observed.
- A support zone ranging from 51.24 to 53.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @50.27 from a horizontal line in the daily time frame.
- Support @49.14 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 53.18 to 54.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
CHMG Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for CHMG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHMG is down. |
| ChartMill Relative Strength | 56.4 | NEUTRAL | CHMG is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of CHMG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CHMG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.57 | NEUTRAL | The RSI value for CHMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests CHMG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.03 | NEUTRAL | The Stochastics value for CHMG is a neutral value. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for CHMG suggests some volalility. |
| Average Directional Index/ADX (14) | 26.19 | POSITIVE | The high ADX value value for CHMG suggests a strong trend. |
CHMG Chart- and CandleStick Pattern Analysis
CHMG Technicals: Chart, Performance Metrics, Trend & Indicators
53.17
+1.77 (+3.44%)
CHEMUNG FINANCIAL CORP / CHMG TA FAQ
Can you provide the ChartMill technical rating for CHEMUNG FINANCIAL CORP?
ChartMill assigns a technical rating of 1 / 10 to CHMG.
Can you provide the trend direction for CHEMUNG FINANCIAL CORP?
The current trend direction for CHEMUNG FINANCIAL CORP (CHMG) is Bearish.
What is the RSI signal for CHMG stock?
CHEMUNG FINANCIAL CORP (CHMG) has an RSI value of 41.5743. 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 -0.217442, 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 53.16 and a resistance level at 53.18. Check the full technical report for our detailed analysis of CHMG support and resistance levels.