CHMG (NASDAQ)

CHMG NASDAQ

Chemung Financial

SHORT

Close

52.57

Prev.Close

52.58

Change

-0.0100

Change%

-0.02%

BEARISH HARAMI CROSS

Sold at

52.57

Open

52.62

High

52.94

Low

52.50

Close

52.57

0.00%

Signal History

Date	Price	Signal	Change%		$100⇨
09/15	52.57	SHORT	0.0%		101
09/11	53.48	BUY	-1.7%	❌	103
09/03	53.33	SELL	+0.3%	❌	103
08/20	51.51	BUY	+3.5%	✔	100
08/18	50.54	SHORT	+1.9%	❌	102
08/11	50.00	BUY	+1.1%	✔	102
07/25	52.33	SELL	-4.5%	✔	102
07/17	52.99	BUY	-1.2%	❌	103
07/15	51.92	SELL	+2.1%	❌	104
07/01	48.65	BUY	+6.7%	✔	97
06/25	47.26	SELL	+2.9%	❌	98
06/12	48.40	BUY	-2.4%	❌	100
06/02	46.63	SELL	+3.8%	❌	100
05/13	46.72	BUY	-0.2%	❌	101
05/07	45.45	SELL	+2.8%	❌	101
05/05	45.25	BUY	+0.4%	✔	101
05/01	43.79	SELL	+3.3%	❌	101
04/30	44.34	BUY	-1.2%	❌	102
04/24	43.63	SHORT	+1.6%	❌	104
04/15	41.75	BUY	+4.5%	✔	100
04/11	42.14	SHORT	-0.9%	✔	100
04/09	44.72	BUY	-5.8%	❌	106
03/21	48.69	SHORT	-8.2%	✔	99
03/19	49.05	BUY	-0.7%	❌	100

† Trade commissions are taken as 0.20%.

Pattern & Confirmation Chart for the Last 6 Months

Signal Update

Today's recommendation from our system is to SHORT. The BEARISH HARAMI CROSS pattern has finally received confirmation because the prices crossed below the confirmation level at 52.58, and our valid average selling price now stands at 52.57. The previous BUY signal was issued on 09/11/2025, 4 days ago, when the stock price was 53.48. Since then, CHMG has fallen by -1.70%.

Market Outlook

The bears have substantial evidence supporting their case, prompting us to consider placing a bearish bet. Today’s candlestick has a black body and its close is below the confirmation level. The bearish pattern that was previously identified is finally confirmed and a SHORT signal is generated. Act on the signal and capitalize on the bearish sentiment before the opportunity fades. SHORT is a dangerous signal. Sudden increases in prices can lead to huge losses. For this reason stop-loss levels must be kept in mind at all times and SHORT orders must never be placed without a stop-loss.

Pattern Description

This is a significant bearish reversal pattern, surpassing the importance of a standard Bearish Harami. The pattern’s appearance is reminiscent of a Bearish Harami, resembling a pregnant woman. However, in this case, the "baby" is a Doji. Essentially, the pattern is characterized by a large white candlestick followed by a Doji that lies entirely within the range of the preceding bullish candlestick. more...

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