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Chemung Financial Corp Stock Forecast

NASDAQ:CHMG BUY SELL

$45.82 (0.79%)

Volume: 1.168k

Closed: May 19, 2022

Hollow Logo Score: -0.340

Chemung Financial Corp Stock Forecast

BUY SELL NASDAQ:CHMG
$45.82 (0.79%)

Volume: 1.168k

Closed: May 19, 2022

Score Hollow Logo -0.340

Chemung Financial Corp Stock Forecast NASDAQ:CHMG

Price Target and Analyst Ratings

Historical Ratings

Date Upside / Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating
2020-10-22 -19.25% DA Davidson $32.00 $37.00 Downgrades Buy Neutral
2020-03-09 -19.25% DA Davidson $44.00 $37.00 Upgrades Neutral Buy
2019-12-20 6.94% Keefe, Bruyette & Woods $49.00 Initiates Coverage On Market Perform
2019-08-27 - DA Davidson - Initiates Coverage On Neutral
2019-08-06 - Janney Montgomery Scott - Upgrades Neutral Buy

CHMG Stock Trend

The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $45.47 will give a strong sell signal and a trend shift may be expected.

Given the current horizontal trend, you can expect Chemung Financial Corp stock with a 90% probability to be traded between $45.80 and $47.91 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Data

Date Bottom Mid Top
2022-05-23 $45.47 $46.52 $47.56
2022-05-24 $45.48 $46.52 $47.57
2022-05-25 $45.48 $46.53 $47.58
2022-05-26 $45.49 $46.53 $47.58
2022-05-27 $45.49 $46.54 $47.59
2022-05-31 $45.50 $46.55 $47.59
2022-06-01 $45.51 $46.55 $47.60
2022-06-02 $45.51 $46.56 $47.60
2022-06-03 $45.52 $46.56 $47.61
2022-06-06 $45.52 $46.57 $47.62
2022-06-07 $45.53 $46.57 $47.62
2022-06-08 $45.53 $46.58 $47.63
2022-06-09 $45.54 $46.59 $47.63
2022-06-10 $45.54 $46.59 $47.64
2022-06-13 $45.55 $46.60 $47.64
2022-06-14 $45.56 $46.60 $47.65
2022-06-15 $45.56 $46.61 $47.65
2022-06-16 $45.57 $46.61 $47.66
2022-06-17 $45.57 $46.62 $47.67
2022-06-21 $45.58 $46.63 $47.67
2022-06-22 $45.58 $46.63 $47.68
2022-06-23 $45.59 $46.64 $47.68
2022-06-24 $45.60 $46.64 $47.69
2022-06-27 $45.60 $46.65 $47.69
2022-06-28 $45.61 $46.65 $47.70
2022-06-29 $45.61 $46.66 $47.71
2022-06-30 $45.62 $46.66 $47.71
2022-07-01 $45.62 $46.67 $47.72
2022-07-05 $45.63 $46.68 $47.72
2022-07-06 $45.63 $46.68 $47.73

About Chemung Financial Corp

Chemung Financial Chemung Financial Corporation operates as the holding company for Chemung Canal Trust Company, which provides a range of banking, financing, fiduciary, and other financial services primarily in New York. It offers demand, savings, and time deposits; non-interest- and interest-bearing checking accounts; and insured money market accounts. The company also provides commercial and agricultural loans primarily consisting of loans to small to mid-sized... Read more

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