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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 2024-03-07 View latest technical analysis

10 day averaged volume of Chemung Financial is 6160

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	42.25	42.75	42.99	42.25	0.601 times
06 Wed Mar 2024	42.69	42.50	42.98	42.50	0.633 times
05 Tue Mar 2024	42.66	42.16	43.30	42.16	0.909 times
04 Mon Mar 2024	42.16	42.43	43.00	42.15	0.779 times
01 Fri Mar 2024	42.42	42.25	42.50	42.25	0.877 times
29 Thu Feb 2024	42.60	42.57	43.62	42.57	0.698 times
28 Wed Feb 2024	42.43	42.25	42.64	42.01	2.484 times
27 Tue Feb 2024	42.50	43.00	43.00	42.25	1.477 times
26 Mon Feb 2024	42.67	43.08	43.25	42.27	1.055 times
23 Fri Feb 2024	42.97	42.30	42.99	42.30	0.422 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 42.4, but if it comes above 42.4, then a intra day buy could be more profitable.
If you take a sell trade below 42.4, then use 42.4 as stoploss and 41.5 as target. However if you take a buy trade in stock , then use 42.4 as stoploss and 43.03 as target.

Share price targets for Chemung Financial (CHMG)

Target Type	Value
Downside Target	40.97
Downside Target	42.01
Upside Target	44.00
Upside Target	44.88
Upside Target	46.04
Upside Target	46.35
Upside Target	46.40
Upside Target	46.55
Upside Target	46.76
Upside Target	50.49
Upside Target	51.36

Intraday share price targets for Chemung Financial (CHMG)

Target Type	Value
Downside Intraday Target	41.83
Downside Intraday Target	41.42
Upside Intraday Target	42.98
Upside Intraday Target	43.72
Upside Intraday Target	42.57

Weekly technical analysis of Chemung Financial (CHMG)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	42.25	42.43	43.30	42.15	0.443 times
01 Fri Mar 2024	42.42	43.08	43.62	42.01	2.743 times
23 Fri Feb 2024	42.97	43.63	44.00	42.30	0.45 times
16 Fri Feb 2024	43.90	44.56	44.88	42.76	1.412 times
09 Fri Feb 2024	43.84	46.35	46.35	43.51	0.434 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
07 Thu Mar 2024	42.25	42.25	43.30	42.15	0.187 times
29 Thu Feb 2024	42.60	46.21	46.76	42.01	0.692 times
31 Wed Jan 2024	46.52	49.97	50.49	46.04	0.606 times
29 Fri Dec 2023	49.80	46.48	51.36	46.40	2.093 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 buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 BUY signal for Chemung Financial in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 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 42.51 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.