CHIPOTLE MEXICAN GRILL INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

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Change:	-
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Type:	Stocks
Ticker:	CMG
ISIN:

CHIPOTLE MEXICAN GRILL INC. - 15 min. - Technical analysis published on 05/17/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

56%

11%

33%

My opinion

Bullish above 3,155.18 USD

My targets

3,197.87 USD (+0.64%)

3,214.57 USD (+1.17%)

My analysis

The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for CHIPOTLE MEXICAN GRILL INC. as long as the price remains well above 3,155.18 USD. The buyers' bullish objective is set at 3,197.87 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3,214.57 USD. If there is any crossing, the next objective would be the resistance located at 3,241.71 USD.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

2.5

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

CHIPOTLE MEXICAN GRILL INC. rating 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. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CHIPOTLE MEXICAN GRILL INC.:

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 CHIPOTLE MEXICAN GRILL INC. in 15 min. shows a neutral overall trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Aroon indicator bearish trend

Type : Bearish

Timeframe : 15 minutes

Momentum indicator is back under 0

Type : Bearish

Timeframe : 15 minutes

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 15 minutes

Resistance of channel is broken

Type : Bullish

Timeframe : 15 minutes

The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted

Black evening star

Type : Bearish

Timeframe : 15 minutes

Abandoned baby evening star

Type : Bearish

Timeframe : 15 minutes

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

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	52.93
MACD (12,26,9):	0.9100
Directional Movement:	-11.34
AROON (14):	-28.57
DEMA (21):	3,165.62
Parabolic SAR (0,02-0,02-0,2):	3,157.08
Elder Ray (13):	3.07
Super Trend (3,10):	3,156.50
Zig ZAG (10):	3,168.03
VORTEX (21):	0.9500
Stochastique (14,3,5):	84.08
TEMA (21):	3,168.77
Williams %R (14):	-24.84
Chande Momentum Oscillator (20):	-3.58
Repulse (5,40,3):	-0.0400
ROCnROLL:	-1
TRIX (15,9):	0.0000
Courbe Coppock:	0.43

MA7:	3,190.85
MA20:	3,137.16
MA50:	2,974.98
MA100:	2,716.67
MAexp7:	3,167.25
MAexp20:	3,165.36
MAexp50:	3,168.21
MAexp100:	3,176.54
Price / MA7:	-0.42%
Price / MA20:	+1.29%
Price / MA50:	+6.81%
Price / MA100:	+16.96%
Price / MAexp7:	+0.32%
Price / MAexp20:	+0.38%
Price / MAexp50:	+0.29%
Price / MAexp100:	+0.03%

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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