CHEMUNG FINANCIAL CORP (CHMG) Technical Analysis
NASDAQ:CHMG • US1640241014
Current stock price
67.83 USD
+1.28 (+1.92%)
Last:
CHMG Technical Rating and Analysis
Overall CHMG gets a technical rating of 10 out of 10. Both in the recent history as in the last year, CHMG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Warning: CHMG has an average volume of 7246 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, CHMG did better than 86% of all other stocks. We also observe that the gains produced by CHMG over the past year are nicely spread over this period.
- CHMG is part of the Banks industry. There are 376 other stocks in this industry. CHMG outperforms 94% of them.
- CHMG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CHMG is lagging the market slightly.
- In the last month CHMG has a been trading in the 53.15 - 70.83 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CHMG Weekly and Daily overview Charts
CHMG Setup Rating and Analysis
Although CHMG has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
CHMG Support and Resistance Analysis
48.65
68.51
We found 6 important support areas.
- A support zone ranging from 66.54 to 66.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 56.10 to 58.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 53.85 to 54.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 52.06 to 52.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @50.27 from a horizontal line in the daily time frame.
- Support @49.14 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The long term trend for CHMG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHMG is up. |
| ChartMill Relative Strength | 86.12 | POSITIVE | CHMG has a high relative strength, it outperformed 86.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHMG is above the rising 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) | 73.1 | OVERBOUGHT | The high RSI value suggests CHMG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.21 | POSITIVE | The MACD value suggests CHMG has a positive trend. |
| Stochastics (14,3) | 81.19 | OVERBOUGHT | The high Stochastics value suggests CHMG may be overbought. |
| Average True Range in percent/ATR (20) | 4.09 | MEDIUM VOLATILITY | The ATR as a percentage value for CHMG suggests some volalility. |
| Average Directional Index/ADX (14) | 40.74 | POSITIVE | The high ADX value value for CHMG suggests a strong trend. |
CHMG Chart- and CandleStick Pattern Analysis
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)
CHMG Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:CHMG (4/22/2026, 2:08:50 PM)
67.83
+1.28 (+1.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.92%
1 Week12.8%
2 Weeks19.27%
1 Month21.35%
3 Month17.17%
6 Month25.33%
12 Month53.8%
2 Year57.83%
3 Year65.75%
5 Year56.59%
10 Year150.09%
15 YearN/A
Volatility
ATR(14)2.98
ATR(20)%4.09%
ATR Inc177.85%
Range Today2.85
ADR(20)2.28
ADR(20)%3.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.12
3 months CRS90.35
6 months CRS87.83
Mansfield1.63
10 Day High70.83
10 Day Low56
20 Day High70.83
20 Day Low53.15
52 Week High70.83
52 Week Low43
CS1 End58.15
CR1 StartN/A
Volume & EV
DER(3)-7.52%
DER(5)-2.86%
Volume5.60K
Volume Incr130.21%
Vol(5)14.86K
Vol(50)7.25K
CHEMUNG FINANCIAL CORP / CHMG TA FAQ
Can you provide the ChartMill technical rating for CHEMUNG FINANCIAL CORP?
ChartMill assigns a technical rating of 10 / 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 CHEMUNG FINANCIAL CORP (CHMG) stock?
CHEMUNG FINANCIAL CORP (CHMG) has an RSI value of 73.0962. This indicates that the stock is currently overbought.
What is the buy/sell signal for CHMG stock?
The buy/sell signal for CHEMUNG FINANCIAL CORP (CHMG) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for CHEMUNG FINANCIAL CORP?
CHEMUNG FINANCIAL CORP (CHMG) has a support level at 58.15. Check the full technical report for our detailed analysis of CHMG support and resistance levels.