CHIPOTLE MEXICAN GRILL INC (CMG) Stock Technical Analysis
USA - NYSE:CMG - US1696561059 - Common Stock
40.89 USD
-0.09 (-0.22%)
40.9995 USD
+0.11 (+0.27%)
Overall CMG gets a technical rating of 1 out of 10. 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
93% 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. 70% of 135 stocks in the same industry do better.
CMG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month CMG has a been trading in the 38.34 - 42.02 range, which is quite wide. It is currently trading near the high of this range.
CMG has an average volume of 19366800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CMG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 41.26. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 40.76, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
38.18
66.08
When analyzing the support we can see 2 important areas.
- A support zone ranging from 39.93 to 40.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 38.57 to 38.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 41.26 to 41.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @53.18 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The short term trend for CMG is neutral. |
| ChartMill Relative Strength | 7.54 | NEGATIVE | CMG has a low relative strength, it was outperformed by 92.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CMG is above the rising 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) | 51.19 | NEUTRAL | The RSI value for CMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests CMG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.72 | NEUTRAL | The Stochastics value for CMG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for CMG suggests some volalility. |
| Average Directional Index/ADX (14) | 26.08 | 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)
40.89
-0.09 (-0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-0.22%
1 Week1.54%
2 Weeks3.97%
1 Month4.95%
3 Month-26.98%
6 Month-17.83%
12 Month-30.28%
2 Year5.27%
3 Year36.45%
5 Year70.17%
10 Year219.34%
15 Year872.6%
Volatility
ATR(14)1.01
ATR(20)%2.35%
ATR Inc-20.55%
Range Today0.79
ADR(20)0.94
ADR(20)%2.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.54
Mansfield-3.02
10 Day High42.03
10 Day Low38.76
20 Day High42.03
20 Day Low38.34
52 Week High66.74
52 Week Low38.3
CS1 End40.76
CR1 Start41.26
Volume & EV
DER(3)-1.77%
DER(5)-0.75%
Volume15.62M
Volume Incr-17.27%
Vol(5)18.74M
Vol(50)19.37M