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(CMG) Chipotle Mexican complete technical analysis [charts+indicators] | Buy/Sell Chipotle Mexican | (CMG) share price targets

Complete technical analysis of Chipotle Mexican (CMG) by charts plus indicators, forecast predictions and share price targets for Chipotle Mexican (CMG)

Chipotle Mexican trades in USA in Consumer Services sector.

Showing technical analysis as on 2024-11-04 View latest technical analysis

10 day averaged volume of Chipotle Mexican is 13556280

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	56.38	58.39	58.40	56.37	0.793 times
01 Fri Nov 2024	58.59	56.34	58.96	56.25	1.466 times
31 Thu Oct 2024	55.77	55.17	57.42	55.02	1.077 times
30 Wed Oct 2024	55.73	57.36	58.00	55.51	2.107 times
29 Tue Oct 2024	60.49	60.76	60.79	59.94	1.767 times
28 Mon Oct 2024	60.60	59.85	61.25	59.84	0.894 times
25 Fri Oct 2024	59.44	59.84	59.86	59.23	0.448 times
24 Thu Oct 2024	59.44	59.27	59.63	58.97	0.52 times
23 Wed Oct 2024	59.02	59.56	59.58	58.42	0.703 times
22 Tue Oct 2024	59.88	59.69	60.10	59.25	0.544 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 57.4, but if it comes above 57.4, then a intra day buy could be more profitable.
If you take a sell trade below 57.4, then use 57.4 as stoploss and 55.7 as target. However if you take a buy trade in stock , then use 57.4 as stoploss and 58.72 as target.

Share price targets for Chipotle Mexican (CMG)

Target Type	Value
Downside Target	47.98
Downside Target	49.41
Downside Target	52.65
Downside Target	55.02
Downside Target	56.25
Upside Target	58.40
Upside Target	59.00
Upside Target	59.48
Upside Target	60.09
Upside Target	60.10
Upside Target	61.25
Upside Target	62.96

Intraday share price targets for Chipotle Mexican (CMG)

Target Type	Value
Downside Intraday Target	55.7
Downside Intraday Target	55.02
Upside Intraday Target	57.73
Upside Intraday Target	59.08
Upside Intraday Target	57.05

Weekly technical analysis of Chipotle Mexican (CMG)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	56.38	58.39	58.40	56.37	0.108 times
01 Fri Nov 2024	58.59	59.85	61.25	55.02	2.719 times
25 Fri Oct 2024	59.44	59.74	60.10	58.42	1.133 times
18 Fri Oct 2024	59.39	59.28	60.09	58.52	0.855 times
11 Fri Oct 2024	58.65	57.14	59.48	56.43	0.952 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Chipotle Mexican (CMG)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	56.38	56.34	58.96	56.25	0.143 times
31 Thu Oct 2024	55.77	57.76	61.25	55.02	1.033 times
30 Mon Sep 2024	57.62	55.99	59.00	52.65	0.477 times
30 Fri Aug 2024	56.08	54.29	56.98	47.98	0.939 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Chipotle Mexican (CMG)

Price action analysis of Chipotle Mexican ( (CMG) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Chipotle Mexican ( (CMG) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Chipotle Mexican ( (CMG) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Chipotle Mexican ( (CMG) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Chipotle Mexican stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Chipotle Mexican in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Chipotle Mexican Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Chipotle Mexican in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Chipotle Mexican is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 58.22 and Chipotle Mexican (CMG) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Chipotle Mexican (CMG) stock. Volume based technical analysis of Chipotle Mexican (CMG) stock is negative.

Chipotle Mexican Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.