CHFC - Chemical Financial Corporation

Industry: Regional - Midwest Banks Sector: Financial | Exchange: NASDAQ

Sell Candidate
Buy Score Rank #3589 out of #5176
Wed 26'th Jul 2017

PERIOD COVERED
2017-04-27 - 2017-07-26
CHANGE
-4.26%
PRICE
$48.30
VOLUME
Sell
TREND

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

BOLLINGER
Sell
Request Prediction
0.00%

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 fell by -4.26% in the last day from $50.45 to $48.30 The price has risen in 6 of the last 10 days , but is still down by -1.57% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -131 325 shares and in total 353 958 shares bought and sold for approximately $17.10 million.

Trend

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.

Signals

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.

The stock had a Golden Star Signal* on Tuesday June 27, 2017 in the short-term chart.

* 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.
A buy signal from a double bottom formation was found on Friday July 21, 2017 and based on theory for this formation the price should go up by 0.74% to $49.24 within 5 trading days since signal was issued (Friday July 28, 2017).

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.

Support: $46.55 Price: $48.3 Resistance: $48.65
S: $46.55 Price: $48.3 R: $48.65

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 $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.

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

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.

Sell Candidate

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