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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 2024-06-21 View latest technical analysis

10 day averaged volume of Chemung Financial is 6240

Date	Daily Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	42.04	42.07	42.50	41.90	4.183 times
20 Thu Jun 2024	42.09	41.90	42.32	41.90	1.907 times
18 Tue Jun 2024	42.05	42.22	42.67	42.03	1.619 times
18 Tue Jun 2024	42.05	42.22	42.67	42.03	1.619 times
17 Mon Jun 2024	42.20	42.64	42.64	42.20	0.865 times
14 Fri Jun 2024	42.85	42.22	43.32	42.22	0.994 times
13 Thu Jun 2024	43.22	43.35	43.50	43.22	0.272 times
12 Wed Jun 2024	43.50	43.15	43.98	43.15	0.865 times
11 Tue Jun 2024	43.04	42.80	43.08	42.80	0.657 times
10 Mon Jun 2024	43.10	42.40	43.20	42.40	0.833 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 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 41.8 as target. However if you take a buy trade in stock , then use 42.4 as stoploss and 42.92 as target.

Share price targets for Chemung Financial (CHMG)

Target Type	Value
Downside Target	39.00
Downside Target	40.90
Downside Target	41.90
Upside Target	43.30
Upside Target	43.66
Upside Target	43.84
Upside Target	43.98
Upside Target	44.00
Upside Target	45.45
Upside Target	46.76

Intraday share price targets for Chemung Financial (CHMG)

Target Type	Value
Downside Intraday Target	41.74
Downside Intraday Target	41.43
Upside Intraday Target	42.51
Upside Intraday Target	42.97
Upside Intraday Target	42.2

Weekly technical analysis of Chemung Financial (CHMG)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	42.04	42.22	42.67	41.90	3.103 times
18 Tue Jun 2024	42.05	42.64	42.67	42.03	0.686 times
14 Fri Jun 2024	42.85	42.40	43.98	42.22	0.89 times
07 Fri Jun 2024	43.09	43.40	43.66	42.80	1.411 times
31 Fri May 2024	43.40	43.74	43.84	42.92	0.596 times

Price has moved down 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
21 Fri Jun 2024	42.04	43.40	43.98	41.90	0.884 times
31 Fri May 2024	43.40	42.44	44.00	42.02	0.699 times
30 Tue Apr 2024	42.17	42.61	45.45	39.00	1.579 times
28 Thu Mar 2024	42.48	42.25	43.30	40.90	0.913 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 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 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 and the sell signal is strong.

Chemung Financial Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 buy signal for Chemung Financial in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 42.34 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.