CHFC - Chemical Financial Corporation

Industry: Regional - Midwest Banks Sector: Financial

Hold/Accumulate
Fri 21'st Apr 2017

VOLUME
Buy
TREND
Sell
MV LONG
Sell
MV SHORT
Buy
PIVOT
Sell
MACD
Buy
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Chemical Financial Corporation Stock Analysis

Technical stock analysis for Fri 21'st Apr 2017

Hold candidate since 2017-04-21

Chemical Financial Corporation fell by -0.28% in the last day, from USD 49.37 to USD 49.23 The price has fallen in 6 of the last 10 days . Volume has increased in the last day by 41 149 shares, but on falling prices. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 315 350 shares bought and sold for approximately USD 15.52 million.

Trend

Chemical Financial Corporation lies in the middle of a wide and weak falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.6% during the next 3 months and, with 90% probability hold a price between USD 44.94 and USD 51.75 at the end of this period.

Signals

There are few to none technical positive signals at the moment. Chemical Financial Corporation holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general salessignal in the stock. On further gains, the stock will meet resistance from the long-term moving average at USD 50.61. On a fall, the stock will find some support from the short-term average at USD 48.04. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Thursday April 20, 2017, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Relative Strength Index (RSI)

RSI14 is 41 and the stock is currently not being overbought or oversold

Support & Resistance

Chemical Financial Corporation finds support from accumulated volume at USD 48.95, USD 48.82, and USD 48.42. On the upside the stock meets some resistance from accumulated volume at USD 54.00, USD 49.30 and USD 53.69.

Risk

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 USD 3.31 (7.15%) between high and low. For the last week, the stock has had a daily average volatility of 4.18%.

Our recommended stoploss: USD 46.97 (-4.59%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

Evaluation

Chemical Financial Corporation holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development.

Hold/Accumulate

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