The Greedy Trader Weekly Analysis
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Archive
- 12/7/2018
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Chipotle Mexican Grill Inc.
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Summary:
Weekly :Broken trend resistance line
Daily :Broken trend support lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the Chipotle Mexican Grill Inc. (CMG). During the week, the CMG dropped -5.78 points, or -1.22%, and closed at 467.43 on Friday, December 07, 2018. Weekly volume was -36% below average.

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 (178.97) is broken. A broken support is considered to be a long-term bullish signal. 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 downtrend had started on August 16, 2018 at 530.68 and reached 411.55 on October 24, 2018. CMG lost 119.13 points, or 22.45%, in 9 weeks. The price is now at the 46.91% retracement level.

Weekly Technical Indicators: [See CMG weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since September 14, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 October 24, 2018 at 411.55 and reached 500.98 on November 12, 2018. CMG gained -89.43 points, or -21.73%, in 19 days. The chart has formed a Rising Pennant chart pattern. The uptrend support line (479.16) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a short-term trend.

Daily Technical Indicators: [See CMG daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since November 29, 2018. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 7.16% on Friday. It is 54.93% 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) 47.03
Williams' Percentage Range (W%R) 64.00
Lane's Stochastic (%D-Slow) 39.58
Greed/Fear Indicator (GFI) 40.86
Moving Average Converg./Diverg. (MACD) 4.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.70
Williams' Percentage Range (W%R) 50.50
Lane's Stochastic (%D-Slow) 71.70
Greed/Fear Indicator (GFI) 55.72
Moving Average Converg./Diverg. (MACD) 17.54
Trading Signals
Description Value Chart
Parabolic System 493.65
Weekly Trendline Resistance 491.06
Upper Bollinger Band 487.61
Weekly Trendline Support 479.16
Weekly Stochastic Crossing 475.51
20 Day Moving Average 475.25
Daily Stochastic Crossing 468.64
Price 467.43
50 Day Moving Average 457.42
Lower Bollinger Band 454.13
Sector and Industry
Description Name Rank
Sector Services 6
Industry Restaurants 137
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 500.98
High Date 11/12/2018
Low 453.38
Low Date 12/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Support
Resistance 491.06
Support 479.16
Low 411.55
Low Date 10/24/2018
High 500.98
High Date 11/12/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 530.68
High Date 08/16/2018
Low 411.55
Low Date 10/24/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 247.51
Low Date 02/09/2018
High 530.68
High Date 08/16/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 270.68
Support 178.97
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.

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