CHIPOTLE MEXICAN GRILL INC (CMG) Technical Analysis
NYSE:CMG • US1696561059
Current stock price
34.08 USD
+1.56 (+4.8%)
At close:
33.9894 USD
-0.09 (-0.27%)
After Hours:
CMG Technical Rating and Analysis
Taking everything into account, CMG scores 0 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 84% 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. 64% of 126 stocks in the same industry do better.
- CMG is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CMG is lagging the market.
- In the last month CMG has a been trading in the 32.36 - 39.20 range, which is quite wide. It is currently trading near the lows of this range.
- CMG has an average volume of 17544100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CMG Weekly and Daily overview Charts
CMG Setup Rating and Analysis
CMG has a poor technical rating and the quality of the setup is also not perfect 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
CMG Support and Resistance Analysis
29.50
47.27
We found 1 important support area.
- Support @29.80 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 36.19 to 36.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 37.95 to 38.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @39.86 from a trend line in the daily time frame.
- Resistance @41.76 from a horizontal line in the daily time frame.
- Resistance @46.80 from a trend line in the weekly time frame.
CMG Technical Indicator Signal Analysis
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 | 16.27 | NEGATIVE | CMG has a low relative strength, it was outperformed by 83.73% 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) | 38.97 | NEUTRAL | The RSI value for CMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests CMG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.72 | OVERSOLD | The low Stochastics value suggests CMG may be oversold. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for CMG suggests some volalility. |
| Average Directional Index/ADX (14) | 23.44 | NEUTRAL | The ADX value for CMG suggests a possible start of a new trend. |
CMG Chart- and CandleStick Pattern Analysis
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)
CMG Technicals: Chart, Performance Metrics, Trend & Indicators
34.08
+1.56 (+4.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg4.8%
1 Week-3.43%
2 Weeks-7.11%
1 Month-6.12%
3 Month-9.46%
6 Month-13.33%
12 Month-29.78%
2 Year-41.38%
3 Year-0.25%
5 Year19.93%
10 Year261.81%
15 Year525.62%
Volatility
ATR(14)1.31
ATR(20)%3.76%
ATR Inc-2.49%
Range Today1.37
ADR(20)1.15
ADR(20)%3.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.27
3 months CRS26.73
6 months CRS26.81
Mansfield-2.48
10 Day High37.47
10 Day Low32.36
20 Day High39.2
20 Day Low32.36
52 Week High58.42
52 Week Low29.75
CS1 End29.8
CR1 Start36.19
Volume & EV
DER(3)4.04%
DER(5)2.26%
Volume17.72M
Volume Incr20.45%
Vol(5)19.26M
Vol(50)17.54M
CHIPOTLE MEXICAN GRILL INC / CMG TA FAQ
Can you provide the ChartMill technical rating for CHIPOTLE MEXICAN GRILL INC?
ChartMill assigns a technical rating of 0 / 10 to CMG.
Can you provide the trend direction for CHIPOTLE MEXICAN GRILL INC?
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 38.969. This indicates that the stock is currently neutral.
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 buy/sell signal for CMG stock?
The buy/sell signal for CHIPOTLE MEXICAN GRILL INC (CMG) is sell as both the short term and long term trends are negative.