CHIPOTLE MEXICAN GRILL INC (CMG) Stock Technical Analysis
NYSE:CMG - New York Stock Exchange, Inc. - US1696561059 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to CMG. CMG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
90% of all other stocks performed better in the past year than CMG.
CMG is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 76% of 131 stocks in the same industry do better.
CMG is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month CMG has a been trading in the 41.43 - 55.75 range, which is quite wide. It is currently trading near the lows of this range.
CMG has an average volume of 16285400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CMG has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
41.03
66.08
We can see 4 important resistance areas.
- Resistance @55.68 from a trend line in the weekly time frame.
- Resistance @56.66 from a trend line in the daily time frame.
- Resistance @58.36 from a horizontal line in the daily time frame.
- Resistance @65.43 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CMG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CMG is down. |
| ChartMill Relative Strength | 10.61 | NEGATIVE | CMG has a low relative strength, it was outperformed by 89.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CMG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CMG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CMG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 22.21 | OVERSOLD | The low RSI value suggests CMG may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.52 | NEGATIVE | The MACD value suggests CMG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 2.47 | OVERSOLD | The low Stochastics value suggests CMG may be oversold. |
| Average True Range in percent/ATR (20) | 3.54 | MEDIUM VOLATILITY | The ATR as a percentage value for CMG suggests some volalility. |
| Average Directional Index/ADX (14) | 44.02 | POSITIVE | The high ADX value value for CMG suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
41.44
-1.25 (-2.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-2.93%
1 Week-2.54%
2 Weeks-11.38%
1 Month-26%
3 Month-16.65%
6 Month-27.64%
12 Month-25.4%
2 Year7.54%
3 Year29.76%
5 Year58.13%
10 Year191.83%
15 Year1273.73%
Volatility
ATR(14)1.52
ATR(20)%3.54%
ATR Inc-32.18%
Range Today1.29
ADR(20)1.16
ADR(20)%2.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.61
Mansfield-3.04
10 Day High46.61
10 Day Low41.43
20 Day High55.75
20 Day Low41.43
52 Week High66.74
52 Week Low41.43
CS1 EndN/A
CR1 Start55.68
Volume & EV
DER(3)-0.87%
DER(5)-0.92%
Volume22.59M
Volume Incr-16.61%
Vol(5)16.75M
Vol(50)16.29M