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 2 out of 10 to CMG. Recently some decent action could be observed, but in the medium term time frame this is still negative. CMG was also a bad performer in the overall market in the last year.
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.
78% 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 133 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 48.72 - 53.85 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
CMG has an average volume of 13632200 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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 51.46, a Stop Loss order could be placed below this zone.
More info and screens
45.51
66.08
When analyzing the support we can see 4 important areas.
- A support zone ranging from 49.72 to 51.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.80 from a trend line in the weekly time frame.
- Support @47.28 from a horizontal line in the weekly time frame.
- Support @45.97 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 52.02 to 52.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @58.50 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 | 22.06 | NEGATIVE | CMG has a low relative strength, it was outperformed by 77.94% 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) | UP | POSITIVE | The current price of CMG is above the rising 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) | 54.45 | NEUTRAL | The RSI value for CMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CMG has a positive trend. |
| Stochastics (14,3) | 47.91 | NEUTRAL | The Stochastics value for CMG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for CMG suggests some volalility. |
| Average Directional Index/ADX (14) | 11.78 | NEGATIVE | The low ADX value for CMG suggests a weak or negative 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)
51.79
+1.17 (+2.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg2.31%
1 Week-0.71%
2 Weeks3.44%
1 Month2.25%
3 Month3.52%
6 Month-19.82%
12 Month-20.85%
2 Year21.06%
3 Year98.09%
5 Year146.07%
10 Year328.02%
15 Year1792.77%
Volatility
ATR(14)1.23
ATR(20)%2.27%
ATR Inc13.7%
Range Today1.4
ADR(20)1.13
ADR(20)%2.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.06
Mansfield-1.14
10 Day High53.86
10 Day Low48.72
20 Day High53.86
20 Day Low48.72
52 Week High69.26
52 Week Low44.46
CS1 End51.46
CR1 Start52.02
Volume & EV
DER(3)0.08%
DER(5)-1.05%
Volume12.38M
Volume Incr9.23%
Vol(5)13.02M
Vol(50)13.63M