Buy Score Rank #3589 out of #5176
Wed 26'th Jul 2017
Chemical Financial Corporation Stock Analysis
Technical stock analysis for Wed 26'th Jul 2017
Sell candidate since 2017-07-25 Loss -4.26%
Chemical Financial Corporation 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 3.54% during the next 3 months and, with 90% probability hold a price between $47.70 and $52.81 at the end of this period.
There are few to none technical positive signals at the moment. Chemical Financial Corporation holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $48.98 and $48.48. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday July 25, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 46 and the stock is currently not being overbought or oversold
Support & Resistance
Chemical Financial Corporation finds support from accumulated volume at . On the upside the stock meets some resistance just above today's level from accumulated volume at $48.65, $49.60 and $48.93.
The stock is about to test the resistance from accumulated volume at $48.65 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $3.08 (6.45%) between high and low. For the last week, the stock has had a daily average volatility of 2.94%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
The stock stock holds several negative signals and despite the positive trend we believe Chemical Financial Corporation will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Sell Candidate.