Should You Buy Chemung Financial Corp (CHMG) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
CHMG is not a good buy right now for a beginner long-term investor at ~$59.10. The chart is bullish, but the stock is sitting near resistance with limited upside to the latest Street target ($64) and the latest quarter shows a sharp YoY drop in EPS/net income despite revenue growth. With no proprietary buy signals and neutral smart-money/insider trends, the risk/reward at the current level is not attractive enough to justify buying immediately.
Technical Analysis
Trend/price action: Bullish structure with SMA_5 > SMA_20 > SMA_200, indicating an established uptrend.
Momentum: MACD histogram is positive (0.361) and expanding, supporting continued upward momentum. RSI(6) at ~63 is neutral-to-warm (not extreme), but suggests the stock is closer to stretched than oversold.
Levels: Pivot ~56.77. Resistance: R1 ~58.63 (already surpassed) and R2 ~59.78 (price ~$59.10 is close to this resistance zone). Support: S1 ~54.92.
Near-term statistical trend: Pattern-based projection shows mild bearish bias short-term (60% chance of -0.6% next day, -1% next week) with only modest expected improvement over a month (~+0.38%).
**Intellectia Proprietary Trading Signals**
- [AI Stock Picker](module://ai_stock_pick): no signal on given stock today.
- [SwingMax](module://swingmax): No signal on given stock recently.
Analyst Ratings and Price Target Trends
Recent change (2026-01-28): Keefe Bruyette raised Chemung Financial’s price target to $64 from $60 and maintained a Market Perform rating.
Wall Street view (pros/cons):
- Pros: Target increase suggests improving confidence or improved outlook; modest upside remains from current levels.
- Cons: Market Perform (not Buy) signals the Street sees the stock as fairly valued rather than a standout opportunity; limited coverage/conviction implied by the single, neutral-leaning stance.
Influential trading check: No recent congress trading data available; insider activity noted as neutral.
Wall Street analysts forecast CHMG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CHMG is 60 USD with a low forecast of 60 USD and a high forecast of 60 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast CHMG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CHMG is 60 USD with a low forecast of 60 USD and a high forecast of 60 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 58.430
Current: 58.430
