USA - NYSE:CMG - US1696561059 - Common Stock
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.
The technical rating of CMG is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
32.20
We can see 3 important resistance areas.
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 | 6.51 | NEGATIVE | CMG has a low relative strength, it was outperformed by 93.49% 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) | 19.29 | OVERSOLD | The low RSI value suggests CMG may be oversold. | 
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.65 | NEGATIVE | The MACD value suggests CMG has a negative trend. | 
| Stochastics (14,3) | 11.09 | OVERSOLD | The low Stochastics value suggests CMG may be oversold. | 
| Average True Range in percent/ATR (20) | 4.6 | MEDIUM VOLATILITY | The ATR as a percentage value for CMG suggests some volalility. | 
| Average Directional Index/ADX (14) | 19.97 | NEGATIVE | The low ADX value for CMG suggests a weak or negative trend. | 
32.53
-7.23 (-18.18%)
ChartMill assigns a technical rating of 0 / 10 to CMG.
The current trend direction for CHIPOTLE MEXICAN GRILL INC (CMG) is Bearish.
CHIPOTLE MEXICAN GRILL INC (CMG) has an RSI value of 19.2919. This indicates that the stock is currently oversold.
The short term momentum for CHIPOTLE MEXICAN GRILL INC (CMG) is negative.
CHIPOTLE MEXICAN GRILL INC (CMG) has a resistance level at 40.41. Check the full technical report for our detailed analysis of CMG support and resistance levels.