CHEMUNG FINANCIAL CORP (CHMG) Stock Technical Analysis
NASDAQ:CHMG - Nasdaq - US1640241014 - Common Stock - Currency: USD
Taking everything into account, CHMG scores 3 out of 10 in our technical rating. In the last year, CHMG was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month CHMG has a been trading in the 49.43 - 52.47 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
Warning: CHMG has an average volume of 14264 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the yearly performance of all stocks, we notice that CHMG is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
CHMG is part of the Banks industry. There are 402 other stocks in this industry, CHMG did better than 55% of them.
CHMG is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Volume is considerably higher in the last couple of days.
CHMG has a poor technical rating and the quality of the setup is also not perfect 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
39.08
55.66
3 important support areas can be observed.
- A support zone ranging from 45.55 to 45.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 44.06 to 44.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @39.47 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 50.03 to 51.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.27
Mansfield0.4
10 Day High51.75
10 Day Low49.43
20 Day High52.47
20 Day Low49.43
52 Week High55.73
52 Week Low39
Performance
1 Week-3.23%
2 Weeks-2.44%
1 Month-1.5%
3 Month-9.29%
6 Month7.72%
12 Month17.88%
2 Year20.43%
3 Year7.05%
5 Year51.55%
10 Year76.61%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.28
RSI(14)46.06
LBB49.43
UBB52.41
NASDAQ:CHMG (3/7/2025, 4:30:00 PM)
49.98
+0.43 (+0.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.87%
1 Week-3.23%
2 Weeks-2.44%
1 Month-1.5%
3 Month-9.29%
6 Month7.72%
12 Month17.88%
2 Year20.43%
3 Year7.05%
5 Year51.55%
10 Year76.61%
15 YearN/A
Volatility
ATR(14)0.67
ATR(20)%1.47%
ATR Inc-37.05%
Range Today0.5
ADR(20)0.72
ADR(20)%1.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.27
Mansfield0.4
10 Day High51.75
10 Day Low49.43
20 Day High52.47
20 Day Low49.43
52 Week High55.73
52 Week Low39
CS1 End45.89
CR1 Start50.03
Volume & EV
DER(3)2.62%
DER(5)1.11%
Volume71.70K
Volume Incr187.79%
Vol(5)40.32K
Vol(50)14.26K