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(CHMG) Chemung Financial complete technical analysis [charts+indicators] | Buy/Sell Chemung Financial | (CHMG) share price targets

Complete technical analysis of Chemung Financial (CHMG) by charts plus indicators, forecast predictions and share price targets for Chemung Financial (CHMG)

Chemung Financial trades in USA in Finance sector.

Showing technical analysis as on 2024-01-19 View latest technical analysis

10 day averaged volume of Chemung Financial is 6540

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Jan 2024	48.48	48.45	48.95	48.18	1.269 times
18 Thu Jan 2024	48.12	48.06	48.49	48.06	0.627 times
17 Wed Jan 2024	48.11	48.51	48.51	48.11	0.459 times
16 Tue Jan 2024	48.41	48.15	48.59	47.54	1.009 times
12 Fri Jan 2024	48.27	47.81	48.78	47.81	0.673 times
12 Fri Jan 2024	48.27	47.81	48.78	47.81	0.673 times
11 Thu Jan 2024	47.98	48.13	48.20	46.70	1.56 times
10 Wed Jan 2024	48.20	48.52	48.53	48.00	0.826 times
09 Tue Jan 2024	48.70	48.83	49.50	48.70	1.468 times
08 Mon Jan 2024	49.40	49.40	49.40	49.40	0.52 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 48.3 as stoploss in an intra day buy trade for a target of 49.08. However, stock will show a bearish move below 48.3.

Share price targets for Chemung Financial (CHMG)

Target Type	Value
Downside Target	38.64
Downside Target	40.97
Downside Target	44.22
Downside Target	46.40
Upside Target	48.78
Upside Target	48.95
Upside Target	49.41
Upside Target	49.50
Upside Target	50.41
Upside Target	50.49
Upside Target	51.36

Intraday share price targets for Chemung Financial (CHMG)

Target Type	Value
Downside Intraday Target	47.7
Downside Intraday Target	46.91
Upside Intraday Target	49.11
Upside Intraday Target	49.73
Downside Intraday Target	48.32

Weekly technical analysis of Chemung Financial (CHMG)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Jan 2024	48.48	48.15	48.95	47.54	5 times
12 Fri Jan 2024	48.27	47.81	48.78	47.81	0.133 times
12 Fri Jan 2024	48.27	49.40	49.50	46.70	0.595 times
05 Fri Jan 2024	49.47	49.97	50.49	48.71	6.529 times
29 Fri Dec 2023	49.80	50.41	50.41	49.41	0.189 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Chemung Financial (CHMG)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Fri Jan 2024	48.48	49.97	50.49	46.70	0.384 times
29 Fri Dec 2023	49.80	46.48	51.36	46.40	2.093 times
30 Thu Nov 2023	46.20	40.97	46.55	40.97	1.027 times
31 Tue Oct 2023	41.28	39.87	41.28	38.75	1.088 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Chemung Financial (CHMG)

Price action analysis of Chemung Financial ( (CHMG) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Chemung Financial ( (CHMG) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Chemung Financial ( (CHMG) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Chemung Financial ( (CHMG) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Chemung Financial stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Chemung Financial in short term but the sell signal is initial and weak.

Chemung Financial Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Chemung Financial in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Chemung Financial is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 48.37 and Chemung Financial (CHMG) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Chemung Financial (CHMG) stock. Volume based technical analysis of Chemung Financial (CHMG) stock is negative.

Chemung Financial Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.