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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 2024-01-29 View latest technical analysis

10 day averaged volume of Chemung Financial is 5810

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	47.88	49.50	49.50	47.88	3.029 times
26 Fri Jan 2024	49.55	48.88	49.55	48.50	1.979 times
25 Thu Jan 2024	49.25	49.10	50.00	49.10	0.929 times
24 Wed Jan 2024	49.40	49.88	49.88	49.26	0.482 times
23 Tue Jan 2024	48.90	49.24	49.50	48.90	0.809 times
22 Mon Jan 2024	49.49	48.89	49.49	48.50	1.256 times
19 Fri Jan 2024	48.48	48.45	48.95	48.18	1.429 times
18 Thu Jan 2024	48.12	48.06	48.49	48.06	0.706 times
17 Wed Jan 2024	48.11	48.51	48.51	48.11	0.516 times
16 Tue Jan 2024	48.41	48.15	48.59	47.54	1.136 times

Stock of Chemung Financial (CHMG) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 48.2, but if it comes above 48.2, then a intra day buy could be more profitable.
If you take a sell trade below 48.2, then use 48.2 as stoploss and 47.4 as target. However if you take a buy trade in stock , then use 48.2 as stoploss and 48.82 as target.

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	48.50
Upside Target	48.78
Upside Target	48.95
Upside Target	49.50
Upside Target	50.00
Upside Target	50.49
Upside Target	51.36

Intraday share price targets for Chemung Financial (CHMG)

Target Type	Value
Downside Intraday Target	47.34
Downside Intraday Target	46.8
Upside Intraday Target	48.96
Upside Intraday Target	50.04
Upside Intraday Target	48.42

Weekly technical analysis of Chemung Financial (CHMG)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	47.88	49.50	49.50	47.88	0.555 times
26 Fri Jan 2024	49.55	48.89	50.00	48.50	1.441 times
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

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

Monthly technical analysis of Chemung Financial (CHMG)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	47.88	49.97	50.49	46.70	0.549 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Chemung Financial ( (CHMG) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Chemung Financial ( (CHMG) ) based on a short to mid 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 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 Strong and stock is gaining 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 tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Chemung Financial in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 48.69 and Chemung Financial (CHMG) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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