CHEMUNG FINANCIAL CORP (CHMG) Technical Analysis
NASDAQ:CHMG • US1640241014
Current stock price
CHMG Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to CHMG. CHMG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, CHMG is a bad performer in the overall market: 62% of all stocks are doing better.
- CHMG is part of the Banks industry. There are 381 other stocks in this industry, of which 67% are performing better than CHMG.
- In the last month CHMG has a been trading in the 51.05 - 59.26 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: CHMG has an average volume of 7016 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- 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
The technical rating of CHMG is bad and it also does not present a quality setup 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
We found 3 important support areas.
- A support zone ranging from 51.24 to 51.24. This zone is formed by a combination of multiple trend lines 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 51.26 to 52.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 53.53 to 53.85. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 38.31 | 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) | 31.04 | NEUTRAL | The RSI value for CHMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.4 | NEGATIVE | The MACD value suggests CHMG has a negative trend. |
| Stochastics (14,3) | 5.97 | OVERSOLD | The low Stochastics value suggests CHMG may be oversold. |
| Average True Range in percent/ATR (20) | 2.92 | MEDIUM VOLATILITY | The ATR as a percentage value for CHMG suggests some volalility. |
| Average Directional Index/ADX (14) | 26.1 | 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
51.25
-0.47 (-0.91%)
CHEMUNG FINANCIAL CORP / CHMG TA FAQ
Can you provide the ChartMill technical rating for CHEMUNG FINANCIAL CORP?
ChartMill assigns a technical rating of 0 / 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 31.0397. 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 -0.404544, 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 51.24 and a resistance level at 51.26. Check the full technical report for our detailed analysis of CHMG support and resistance levels.