CHEMUNG FINANCIAL CORP (CHMG) Stock Technical Analysis
NASDAQ:CHMG - Nasdaq - US1640241014 - Common Stock - Currency: USD
Taking everything into account, CHMG scores 7 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CHMG is showing a nice and steady performance.
Warning: CHMG has an average volume of 15504 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, CHMG did better than 71% of all other stocks.
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.
CHMG is an average performer in the Banks industry, it outperforms 66% of 393 stocks in the same industry.
In the last month CHMG has a been trading in the 48.61 - 54.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although CHMG has an excellent technical rating, it does not offer a high 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
48.64
55.66
We found 1 important support area.
- A support zone ranging from 49.13 to 50.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- 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 | 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 | 71.02 | POSITIVE | CHMG has a high relative strength, it outperformed 71.02% 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) | 58.92 | NEUTRAL | The RSI value for CHMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CHMG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.89 | NEUTRAL | The Stochastics value for CHMG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for CHMG suggests some volalility. |
| Average Directional Index/ADX (14) | 19.17 | NEGATIVE | The low ADX value for CHMG suggests a weak or negative trend. |
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)
NASDAQ:CHMG (8/14/2025, 11:01:41 AM)
52.03
-0.45 (-0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.86%
1 Week5.49%
2 Weeks0.11%
1 Month0.4%
3 Month8.65%
6 Month1.29%
12 Month16.11%
2 Year33.57%
3 Year16.44%
5 Year82.79%
10 Year98.04%
15 YearN/A
Volatility
ATR(14)1.24
ATR(20)%2.58%
ATR Inc-4.78%
Range Today0.38
ADR(20)1.24
ADR(20)%2.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.02
Mansfield-0.15
10 Day High52.61
10 Day Low48.61
20 Day High54.19
20 Day Low48.61
52 Week High55.73
52 Week Low40.71
CS1 End50.32
CR1 Start53.98
Volume & EV
DER(3)2.63%
DER(5)0.75%
Volume2.85K
Volume Incr-45.43%
Vol(5)10.44K
Vol(50)15.50K