Chemung Financial Corp

CHMG remains in a Stage 2 advance with a clear momentum breakout and series of higher highs and higher lows above rising EMAs, confirming sustained demand. Medium-term directional bias is bullish, supported by the active Momentum Breakout and Higher Highs & Higher Lows patterns. Short-term price is extended above the 9 EMA and 21 EMA with RSI and Options Score in extreme overbought territory and no Lockout Rally override. Execution should be deferred until a shallow pullback into the rising EMAs provides a structurally supported entry zone.

• ↑Earnings yield of 1.07 suggests CHMG trades near intrinsic value
• ↑Book-to-price ratio of 0.80 supports attractive valuation
• ↓Negative profitability metrics indicate challenges sustaining consistent earnings