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. - Daily - Technical analysis published on 07/23/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 57.30 USD

My targets

50.40 USD (-4.09%)

46.73 USD (-11.08%)

My analysis

The bearish trend is currently very strong for CHIPOTLE MEXICAN GRILL INC.. As long as the price remains below the resistance at 57.30 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 50.40 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 46.73 USD as an objective. Crossing it would then enable sellers to target 43.06 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

Force

6.8

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 dukeokafor. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CHIPOTLE MEXICAN GRILL INC. rating is 52.55 USD. On the day, this instrument lost -1.89% with the lowest point at 52.34 USD and the highest point at 54.72 USD. The deviation from the price is +0.40% for the low point and -3.97% for the high point.

52.34

54.72

52.55

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following result:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this CHIPOTLE MEXICAN GRILL INC. chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Support of channel is broken

Type : Bearish

Timeframe : Daily

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	35.53	43.06	46.73	52.55	53.31	57.30	61.46
Change (%)	-32.39%	-18.06%	-11.08%	-	+1.45%	+9.04%	+16.96%
Change	-17.02	-9.49	-5.82	-	+0.76	+4.75	+8.91
Level	Major	Major	Major	-	Major	Major	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	49.31	50.82	51.69	53.20	54.07	55.58	56.45
Camarilla	51.90	52.11	52.33	52.55	52.77	52.99	53.21
Woodie	48.98	50.66	51.36	53.04	53.74	55.42	56.12
Fibonacci	50.82	51.73	52.29	53.20	54.11	54.67	55.58

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	46.18	49.41	51.47	54.70	56.76	59.99	62.05
Camarilla	52.09	52.57	53.06	53.54	54.03	54.51	55.00
Woodie	45.61	49.12	50.90	54.41	56.19	59.70	61.48
Fibonacci	49.41	51.43	52.68	54.70	56.72	57.97	59.99

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	50.40	55.50	59.07	64.17	67.74	72.84	76.41
Camarilla	60.27	61.06	61.86	62.65	63.45	64.24	65.03
Woodie	49.65	55.12	58.32	63.79	66.99	72.46	75.66
Fibonacci	55.50	58.81	60.86	64.17	67.48	69.53	72.84

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	27.44
MACD (12,26,9):	-2.6000
Directional Movement:	-19.29
AROON (14):	-85.71
DEMA (21):	54.74
Parabolic SAR (0,02-0,02-0,2):	55.68
Elder Ray (13):	-2.77
Super Trend (3,10):	59.15
Zig ZAG (10):	52.55
VORTEX (21):	0.7300
Stochastique (14,3,5):	6.60
TEMA (21):	52.75
Williams %R (14):	-98.02
Chande Momentum Oscillator (20):	-10.20
Repulse (5,40,3):	-5.2800
ROCnROLL:	2
TRIX (15,9):	-0.4500
Courbe Coppock:	25.56

MA7:	54.67
MA20:	58.87
MA50:	61.73
MA100:	60.03
MAexp7:	54.54
MAexp20:	57.78
MAexp50:	59.90
MAexp100:	58.49
Price / MA7:	-3.88%
Price / MA20:	-10.74%
Price / MA50:	-14.87%
Price / MA100:	-12.46%
Price / MAexp7:	-3.65%
Price / MAexp20:	-9.05%
Price / MAexp50:	-12.27%
Price / MAexp100:	-10.16%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on CHIPOTLE MEXICAN GRILL INC.. At the time of publication of this analysis, the latest news was as follows:

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

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