Technical Analysis for CHMG - Chemung Financial Corp

Grade Last Price % Change Price Change
C 43.41 -0.21% -0.09
CHMG closed down 0.21 percent on Friday, May 17, 2024, on 1.31 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
Earnings due: Jun 4
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Flat

Date Alert Name Type % Chg
MACD Bearish Signal Line Cross Bearish 0.00%
20 DMA Support Bullish 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Narrow Range Bar Range Contraction -0.21%
Gapped Down Weakness -0.21%
Shooting Star Candlestick Bearish -0.66%
Lizard Bearish Bearish Day Trade Setup -0.66%
NR7 Range Contraction -0.66%
Narrow Range Bar Range Contraction -0.66%

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Profile

Chemung Financial Corp Description

Chemung Financial Corporation operates as the holding company for Chemung Canal Trust Company and CFS Group, Inc., which provides various banking, financing, fiduciary, and other financial services primarily in New York. It operates in two segments, Core Banking and Wealth Management Group. The company accepts demand, savings, and time deposits; non-interest-bearing and interest-bearing checking accounts; and insured money market accounts. It also offers commercial, financial, and agricultural loans primarily consisting of loans to small to mid-sized businesses; commercial mortgage loans; residential mortgage loans; and consumer loans, including home equity lines of credit and home equity loans, as well as letters of credit. In addition, the company provides wealth management services comprising services as executor and trustee under wills and agreements; and guardian, custodian, trustee, and agent for pension, profit-sharing, and other employee benefit trusts, as well as various investment, pension, estate planning, and employee benefit administrative services. Further, it offers mutual funds, employee benefit plans, annuities, insurance products, and brokerage and tax preparation services. It operates 28 full-service branch offices, including 7 in Chemung County, New York; 13 in nearby counties of Broome, Schuyler, Steuben, Tioga, and Tompkins; 5 in Albany and Saratoga counties; and 3 in Bradford County, Pennsylvania, as well as operates 10 off-site automated teller facilities. Chemung Financial Corporation was founded in 1833 and is based in Elmira, New York.


Classification

Sector: Financial Services
Industry: Banks - Regional - US
Keywords: Banking Bank Insurance Products Investment Bank Wealth Management Services Preparation Services Executor

Is CHMG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 50.9118
52 Week Low 33.0035
Average Volume 7,043
200-Day Moving Average 42.88
50-Day Moving Average 42.06
20-Day Moving Average 43.32
10-Day Moving Average 43.34
Average True Range 0.74
RSI (14) 56.90
ADX 18.34
+DI 25.94
-DI 21.70
Chandelier Exit (Long, 3 ATRs) 43.23
Chandelier Exit (Short, 3 ATRs) 41.22
Upper Bollinger Bands 44.27
Lower Bollinger Band 42.36
Percent B (%b) 0.55
BandWidth 4.43
MACD Line 0.41
MACD Signal Line 0.41
MACD Histogram -0.0004
Fundamentals Value
Market Cap 206.37 Million
Num Shares 4.75 Million
EPS 5.28
Price-to-Earnings (P/E) Ratio 8.22
Price-to-Sales 2.20
Price-to-Book 1.07
PEG Ratio 0.00
Dividend 1.24
Dividend Yield 2.86%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 43.79
Resistance 3 (R3) 43.77 43.64 43.72
Resistance 2 (R2) 43.64 43.54 43.64 43.70
Resistance 1 (R1) 43.52 43.48 43.46 43.54 43.68
Pivot Point 43.39 43.39 43.35 43.39 43.39
Support 1 (S1) 43.27 43.29 43.21 43.29 43.14
Support 2 (S2) 43.14 43.23 43.14 43.12
Support 3 (S3) 43.02 43.14 43.10
Support 4 (S4) 43.04