Chemung Financial Stock Forecast

Hold candidate since Jun 18, 2025

The Chemung Financial Corp stock price gained 1.64% on the last trading day (Wednesday, 18th Jun 2025), rising from $46.23 to $46.99. During the last trading day the stock fluctuated 2.98% from a day low at $46.05 to a day high of $47.42. The price has risen in 8 of the last 10 days and is up by 2.55% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 6 thousand shares were bought and sold for approximately $296.27 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.32% during the next 3 months and, with a 90% probability hold a price between $44.05 and $51.52 at the end of this 3-month period.

CHMG Signals & Forecast

The Chemung Financial Corp stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $47.39. On a fall, the stock will find some support from the long-term average at approximately $46.87. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 15, 2025, and so far it has fallen -3.39%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Chemung Financial Corp stock

Chemung Financial Corp finds support from accumulated volume at $46.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $1.37 between high and low, or 2.98%. For the last week the stock has had daily average volatility of 3.56%

Our recommended stop-loss: $45.23 (-3.74%) (This stock has very low daily movements and this gives very low risk. There is a sell signal from a pivot top found 23 days ago.)

Trading Expectations (CHMG) For The Upcoming Trading Day Of Friday 20th

For the upcoming trading day on Friday, 20th we expect Chemung Financial Corp to open at $46.82, and during the day (based on 14 day Average True Range), to move between $45.55 and $48.43, which gives a possible trading interval of +/-$1.44 (+/-3.05%) up or down from last closing price. If Chemung Financial Corp takes out the full calculated possible swing range there will be an estimated 6.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $46.95 (0.09%) than the resistance at $47.50 (1.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Chemung Financial Corp stock A Buy?

Chemung Financial Corp holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.083 Hold/Accumulate Upgraded

Predicted Fair Opening Price

Predicted fair opening price on June 20, 2025 - $46.82 ( 0.362%).

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