CHIPOTLE MEXICAN GRILL INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	CMG
ISIN:

CHIPOTLE MEXICAN GRILL INC. - 1H - Technical analysis published on 05/17/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bearish

Technical indicators

56%

11%

33%

My opinion

Neutral between 3,118.66 USD and 3,209.47 USD

My targets

My analysis

The neutral short-term trend shows a weakening of the basic, slightly bearish trend on CHIPOTLE MEXICAN GRILL INC.. It is difficult to advise a trading direction under these conditions. The first support is located at 3,118.66 USD. The first resistance is located at 3,209.47 USD. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.

Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by ybsony. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CHIPOTLE MEXICAN GRILL INC. price is 3,177.50 USD. On the day, this instrument gained +1.01% and was between 3,145.23 USD and 3,180.00 USD. This implies that the price is at +1.03% from its lowest and at -0.08% from its highest.

3,145.23

3,180.00

3,177.50

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of CHIPOTLE MEXICAN GRILL INC. indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. As the signals currently given by short-term moving averages are rather neutral, the slightly bearish trend could return to neutral. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	3,001.04	3,118.66	3,169.00	3,177.50	3,209.47	3,241.71
Change (%)	-5.55%	-1.85%	-0.27%	-	+1.01%	+2.02%
Change	-176.46	-58.84	-8.50	-	+31.97	+64.21
Level	Intermediate	Intermediate	Intermediate	-	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3,086.50	3,112.49	3,129.19	3,155.18	3,171.88	3,197.87	3,214.57
Camarilla	3,134.14	3,138.05	3,141.97	3,145.88	3,149.79	3,153.71	3,157.62
Woodie	3,081.85	3,110.17	3,124.54	3,152.86	3,167.23	3,195.55	3,209.92
Fibonacci	3,112.49	3,128.80	3,138.88	3,155.18	3,171.49	3,181.57	3,197.87

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3,078.72	3,119.13	3,179.18	3,219.59	3,279.64	3,320.05	3,380.10
Camarilla	3,211.60	3,220.81	3,230.02	3,239.23	3,248.44	3,257.65	3,266.86
Woodie	3,088.54	3,124.04	3,189.00	3,224.50	3,289.46	3,324.96	3,389.92
Fibonacci	3,119.13	3,157.51	3,181.21	3,219.59	3,257.97	3,281.67	3,320.05

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,528.14	2,687.16	2,923.38	3,082.40	3,318.62	3,477.64	3,713.86
Camarilla	3,050.91	3,087.14	3,123.37	3,159.60	3,195.83	3,232.06	3,268.29
Woodie	2,566.74	2,706.46	2,961.98	3,101.70	3,357.22	3,496.94	3,752.46
Fibonacci	2,687.16	2,838.14	2,931.42	3,082.40	3,233.38	3,326.66	3,477.64

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	47.18
MACD (12,26,9):	-7.7500
Directional Movement:	-9.25
AROON (14):	-64.29
DEMA (21):	3,161.77
Parabolic SAR (0,02-0,02-0,2):	3,142.31
Elder Ray (13):	6.06
Super Trend (3,10):	3,188.86
Zig ZAG (10):	3,177.50
VORTEX (21):	0.8900
Stochastique (14,3,5):	68.63
TEMA (21):	3,158.28
Williams %R (14):	-24.52
Chande Momentum Oscillator (20):	8.70
Repulse (5,40,3):	0.2000
ROCnROLL:	-1
TRIX (15,9):	-0.0400
Courbe Coppock:	0.97

MA7:	3,190.85
MA20:	3,136.67
MA50:	2,974.79
MA100:	2,716.59
MAexp7:	3,166.09
MAexp20:	3,171.16
MAexp50:	3,179.05
MAexp100:	3,156.27
Price / MA7:	-0.42%
Price / MA20:	+1.30%
Price / MA50:	+6.81%
Price / MA100:	+16.97%
Price / MAexp7:	+0.36%
Price / MAexp20:	+0.20%
Price / MAexp50:	-0.05%
Price / MAexp100:	+0.67%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on CHIPOTLE MEXICAN GRILL INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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