CHIPOTLE MEXICAN GRILL INC (CMG) Stock Technical Analysis
USA - NYSE:CMG - US1696561059 - Common Stock
We assign a technical rating of 0 out of 10 to CMG. CMG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, CMG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for CMG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
31.01
4 important resistance areas can be observed.
- A resistance zone ranging from 37.80 to 39.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 41.76 to 41.78. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @51.79 from a trend line in the weekly time frame.
- Resistance @59.02 from a horizontal line in the daily 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 | 6.53 | NEGATIVE | CMG has a low relative strength, it was outperformed by 93.47% 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) | 28.46 | OVERSOLD | The low RSI value suggests CMG may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.58 | NEGATIVE | The MACD value suggests CMG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.61 | OVERSOLD | The low Stochastics value suggests CMG may be oversold. |
| Average True Range in percent/ATR (20) | 4.31 | MEDIUM VOLATILITY | The ATR as a percentage value for CMG suggests some volalility. |
| Average Directional Index/ADX (14) | 41.06 | POSITIVE | The high ADX value value for CMG suggests a strong trend. |
31.32
+1.51 (+5.07%)
CHIPOTLE MEXICAN GRILL INC / CMG FAQ
Can you provide the ChartMill technical rating for CHIPOTLE MEXICAN GRILL INC?
ChartMill assigns a technical rating of 0 / 10 to CMG.
What is the current trend direction of CHIPOTLE MEXICAN GRILL INC (CMG) stock?
The current trend direction for CHIPOTLE MEXICAN GRILL INC (CMG) is Bearish.
What is the RSI signal for CHIPOTLE MEXICAN GRILL INC (CMG) stock?
CHIPOTLE MEXICAN GRILL INC (CMG) has an RSI value of 28.4594. This indicates that the stock is currently oversold.
What is the short term momentum for CHIPOTLE MEXICAN GRILL INC (CMG) stock?
The short term momentum for CHIPOTLE MEXICAN GRILL INC (CMG) is negative.
What is the support and resistance level for CMG stock?
CHIPOTLE MEXICAN GRILL INC (CMG) has a resistance level at 37.8. Check the full technical report for our detailed analysis of CMG support and resistance levels.