CHEMUNG FINANCIAL CORP (CHMG) Stock Technical Analysis
USA - NASDAQ:CHMG - US1640241014 - Common Stock
Taking everything into account, CHMG scores 1 out of 10 in our technical rating. 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.
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. There is a support zone below the current price at 50.27, a Stop Loss order could be placed below this zone.
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48.65
2 important support areas can be observed.
- 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.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 50.79 to 51.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong resistance @53.98 from a horizontal line in the daily time frame.
- A resistance zone ranging from 55.10 to 55.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 53.16 | 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 | POSITIVE | The current price of CHMG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.98 | NEUTRAL | The RSI value for CHMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CHMG has a negative trend. |
| Stochastics (14,3) | 31.21 | NEUTRAL | The Stochastics value for CHMG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for CHMG suggests some volalility. |
| Average Directional Index/ADX (14) | 13.54 | NEGATIVE | The low ADX value for CHMG suggests a weak or negative trend. |
50.67
-0.45 (-0.88%)
CHEMUNG FINANCIAL CORP / CHMG FAQ
Can you provide the ChartMill technical rating for CHEMUNG FINANCIAL CORP?
ChartMill assigns a technical rating of 1 / 10 to CHMG.
What is the current trend direction of CHEMUNG FINANCIAL CORP (CHMG) stock?
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 43.9816. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CHEMUNG FINANCIAL CORP?
The MACD indicator for CHEMUNG FINANCIAL CORP (CHMG) has a value of -0.00312068, indicating a bearish trend.