The Greedy Trader Weekly Analysis
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Archive
- 9/7/2018
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Chipotle Mexican Grill Inc.
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Summary:
Weekly :Broken trend resistance lineBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldPrice is near the Fibonacci 23.6% retracement level
Move cursor over the icon to see details.

It was a first positive week for the Chipotle Mexican Grill Inc. (CMG). During the week, the CMG gained 6.85 points, or 1.44%, and closed at 482.03 on Friday, September 07, 2018. Weekly volume was -35% 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 (199.73) 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 uptrend had started on February 9, 2018 at 247.51 and reached 530.68 on August 16, 2018. CMG gained -283.17 points, or -114.41%, in 26 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (508.29) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CMG may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.

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

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 low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See CMG short-term trend chart]
A short-term downtrend had started on August 16, 2018 at 530.68 and reached 468.17 on September 7, 2018. CMG lost 62.51 points, or 11.78%, in 22 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See CMG daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. 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 and Williams' Percentage Range help.

The daily MACD line is below its signal line since August 27, 2018. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.73
Williams' Percentage Range (W%R) 89.50
Oversold
Lane's Stochastic (%D-Slow) 15.95
Oversold
Greed/Fear Indicator (GFI) 19.08
Oversold
Moving Average Converg./Diverg. (MACD) 5.93
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.98
Williams' Percentage Range (W%R) 27.30
Lane's Stochastic (%D-Slow) 77.76
Greed/Fear Indicator (GFI) 67.76
Moving Average Converg./Diverg. (MACD) 34.90
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 556.22
Upper Bollinger Band 522.13
Quarterly Trendline Support 508.29
Weekly Stochastic Crossing 504.51
20 Day Moving Average 497.72
Parabolic System 495.90
Price 482.03
Daily Stochastic Crossing 474.61
50 Day Moving Average 472.63
Lower Bollinger Band 453.74
Sector and Industry
Description Name Rank
Sector Services 7
Industry Restaurants 127
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 530.68
High Date 08/16/2018
Low 468.17
Low Date 09/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 530.68
High Date 08/16/2018
Low 468.17
Low Date 09/07/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 530.68
High Date 08/16/2018
Low 468.17
Low Date 09/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 556.22
Support 508.29
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 307.19
Support 199.73
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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