The Greedy Trader Weekly Analysis
Sign In Jun 15, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Archive
- 6/8/2018
Sign In to see current Signals.
Chipotle Mexican Grill Inc.
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtRelative Strength Index and MACD bearish divergenceBroken trend resistance line
Daily :Lane's Stochastic is overboughtThe price has risen above the Parabolic SARThe price is above the upper Bollinger BandThe period of low volatility of the stock price
Move cursor over the icon to see details.

It was a second consecutive positive week for the Chipotle Mexican Grill Inc. (CMG). During the week, the CMG gained 14.76 points, or 3.37%, and closed at 453.38 on Friday, June 08, 2018. It was the best weekly gain since April 27, 2018. Weekly volume was -38% below average.

CMG is a member of Services Sector. Services is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CMG long-term trend chart]
A long-term downtrend had started on August 5, 2015 at 758.61 and reached 247.51 on February 9, 2018. CMG lost 511.10 points, or 67.37%, in 131 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (220.49) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. CMG may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See CMG medium-term trend chart]
A medium-term uptrend had started on February 9, 2018 at 247.51 and reached 459.65 on June 8, 2018. CMG gained -212.14 points, or -85.71%, in 17 weeks. Price is near the trend high.

Weekly Technical Indicators: [See CMG weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. Weekly Relative Strength Index and MACD have bearish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 24, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See CMG short-term trend chart]
A short-term uptrend had started on May 29, 2018 at 427.00 and reached 459.65 on June 8, 2018. CMG gained -32.65 points, or -7.65%, in 10 days. The price is now at the 19.20% retracement level.

Daily Technical Indicators: [See CMG daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.

The daily MACD line is below its signal line since May 16, 2018. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 7.99% on Friday. It is 55.76% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.07
Williams' Percentage Range (W%R) 28.10
Lane's Stochastic (%D-Slow) 83.92
Overbought
Greed/Fear Indicator (GFI) 74.63
Moving Average Converg./Diverg. (MACD) 15.91
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 89.88
Overbought Bearish
Williams' Percentage Range (W%R) 5.00
Strong Overbought
Lane's Stochastic (%D-Slow) 92.41
Strong Overbought
Greed/Fear Indicator (GFI) 85.43
Overbought
Moving Average Converg./Diverg. (MACD) 14.50 Bearish
Trading Signals
Description Value Chart
Daily Stochastic Crossing 453.81
Price 453.38
Upper Bollinger Band 451.68
Weekly Stochastic Crossing 449.07
20 Day Moving Average 437.40
Parabolic System 433.62
Lower Bollinger Band 415.45
50 Day Moving Average 392.01
Sector and Industry
Description Name Rank
Sector Services 8
Industry Restaurants 108
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 446.58
Low Date 06/07/2018
High 459.65
High Date 06/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 427.00
Low Date 05/29/2018
High 459.65
High Date 06/08/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 307.70
Low Date 04/02/2018
High 459.65
High Date 06/08/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 247.51
Low Date 02/09/2018
High 459.65
High Date 06/08/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 343.70
Support 220.49
High 758.61
High Date 08/05/2015
Low 247.51
Low Date 02/09/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

Copyright© 2004-2016 All rights reserved.